July 28, 2014
Miami startup SportsManias announced that it has raised $3.5 million in Series A funding. The funding will be used to continue revamping SportsManias’ web platform and app, a source of news for sports fans. This round of funding follows a $1 million raise one year ago, bringing the company’s funding to a total of $4.5 million.
According to Forbes, the $3 million is from Jorge Mas of Mas Equity Partners and $500,000 is from a new undisclosed Miami-based private investor.
“[Jorge Mas] completely agrees with what we are doing. He’s an avid sports fan himself and is very engaged with our site,” said SportsManias co-founders Vicente Fernandez and his mother Aymara Del Aguila in a recent interview.
SportsManias also plans to build partnerships with newspapers across the country, which includes The Miami Herald, and grow its fan base.
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