A prepaid consumer marketplace Tappp, which offers global access to premium live sports content, has raised funds amounting to $5 million in Series-A funding. The round was led by global sports tech venture fund ADvantage.
The round also witnessed participation from leading venture capital firms and sports technology investors such as Elysian Park (LA Dodgers fund), Accomplice, Go4it, Courtside VC and Sterling VC.
“We intend to build a next generation platform that gives fans more access and control to their favorite sport, teams, and players,” Sandy Agarwal, the founder of Tappp said.
The company is planning to utilize these funds for research and development in India. The company also plans to invest majorly in areas like artificial intelligence to match micro payments to specific content, and in the product, market expansion and adding major sports that fans love. In April this year, Tappp launched its flagship product, an exclusive prepaid card offering access to Major League Baseball’s (MLB) live streaming service MLB.tv and NFL.