FANIQ SURPASSES 1.5 MILLION REGISTERED USERS
Leading Interactive Sports Website Grows to 2.4 Million Unique Monthly Visitors
San Francisco, CA – November 20, 2008 – FanIQ, the world’s most interactive sports website, today announced that it has surpassed 1.5 million
registered users in its online community, which represents more than a 2000 percent increase since the beginning of the year.
FanIQ also announced that it attracted more than 2.4 million unique visitors in October, according to Google Analytics.
FanIQ transforms the current online sports fan experience, which consists of passively browsing news and stats, into a fun and interactive experience. On FanIQ, sports fans have more fun by competing against others to prove their sports knowledge, broadcasting their takes on games, news and rumors to the world and uniting to cheer their teams and root against their rivals.
“In the real world, following sports is a social experience that unites and entertains hundreds of millions of people. FanIQ captures that fun and excitement online as evidenced by more than 25 million combined games played, predictions made and messages exchanged,” said Ty Shay, CEO and founder of FanIQ. “In a short time, we have proven that sports fans want to engage, compete and converse online like they do when they are with their friends or at their local sports bar.”
“These exciting growth milestones are proof that FanIQ has successfully tapped into a powerful need not being met by traditional sports sites or general social networks,” commented Jason Whitt of investor VantagePoint Venture Partners. “Ty has assembled a world-class team to capitalize on this incredible opportunity to be the dominant next-generation sports site.”
VantagePoint Venture Partners led FanIQ’s Series A funding round. FanIQ is also backed by prominent angel investors including Facebook board member and PayPal co-founder Peter Thiel, Tribe Network founder and Aggregate Knowledge CEO and co-founder Paul Martino, Yelp board member and Slide executive Keith Rabois and StubHub co-founder Jeff Fluhr.
For more information about FanIQ, please visit www.faniq.com.
FanIQ is the world’s most interactive sports website. On FanIQ, over 1.5 million sports fans have more fun by competing against others to prove their sports knowledge, broadcasting their takes on games, news and rumors to the world and uniting to cheer their teams and root against their rivals. Based in San Francisco, FanIQ is backed by VantagePoint Venture Partners and is led by a team of advisors, investors and executives that bring years of branding, marketing and social media experience at some of the leading Web 2.0 companies such as MySpace, Facebook, eBay, LinkedIn, StubHub, PayPal, Yelp, Slide, YouTube and Hotwire.
VantagePoint Venture Partners is a leader in investing in 21st century technologies and partners with entrepreneurs in the CleanTech, Healthcare and Information Technology sectors. With a large investment team of experts, a broad network of strategic partners and advisors, and more than $4.5 billion of committed capital, the Firm has the depth of resources to help build transformative companies that are clear leaders in their categories. The Silicon Valley Firm has investments in more than 70 companies including Better Place, BrightSource Energy, Gain Capital, Mascoma, Miasole, Premium Power, ReachLocal and others. For more information visit www.vpvp.com.
FanIQ transforms the current online sports fan experience, which consists of passively browsing news and stats, into a fun and interactive experience. On FanIQ, sports fans have more fun by competing against others to prove their sports knowledge, broadcasting their takes on games, news and rumors to the world and uniting to cheer their teams and root against their rivals.
“In the real world, following sports is a social experience that unites and entertains hundreds of millions of people. FanIQ captures that fun and excitement online as evidenced by more than 25 million combined games played, predictions made and messages exchanged,” said Ty Shay, CEO and founder of FanIQ. “In a short time, we have proven that sports fans want to engage, compete and converse online like they do when they are with their friends or at their local sports bar.”
“These exciting growth milestones are proof that FanIQ has successfully tapped into a powerful need not being met by traditional sports sites or general social networks,” commented Jason Whitt of investor VantagePoint Venture Partners. “Ty has assembled a world-class team to capitalize on this incredible opportunity to be the dominant next-generation sports site.”
VantagePoint Venture Partners led FanIQ’s Series A funding round. FanIQ is also backed by prominent angel investors including Facebook board member and PayPal co-founder Peter Thiel, Tribe Network founder and Aggregate Knowledge CEO and co-founder Paul Martino, Yelp board member and Slide executive Keith Rabois and StubHub co-founder Jeff Fluhr.
For more information about FanIQ, please visit www.faniq.com.
About FanIQ
FanIQ is the world’s most interactive sports website. On FanIQ, over 1.5 million sports fans have more fun by competing against others to prove their sports knowledge, broadcasting their takes on games, news and rumors to the world and uniting to cheer their teams and root against their rivals. Based in San Francisco, FanIQ is backed by VantagePoint Venture Partners and is led by a team of advisors, investors and executives that bring years of branding, marketing and social media experience at some of the leading Web 2.0 companies such as MySpace, Facebook, eBay, LinkedIn, StubHub, PayPal, Yelp, Slide, YouTube and Hotwire.
About VantagePoint Venture Partners
VantagePoint Venture Partners is a leader in investing in 21st century technologies and partners with entrepreneurs in the CleanTech, Healthcare and Information Technology sectors. With a large investment team of experts, a broad network of strategic partners and advisors, and more than $4.5 billion of committed capital, the Firm has the depth of resources to help build transformative companies that are clear leaders in their categories. The Silicon Valley Firm has investments in more than 70 companies including Better Place, BrightSource Energy, Gain Capital, Mascoma, Miasole, Premium Power, ReachLocal and others. For more information visit www.vpvp.com.
