MONTREAL--(BUSINESS WIRE)--LiveBarn Inc. ("LiveBarn" or the "Company"), the leading subscription-based streaming service for amateur and youth sports, today announced that it has received a significant investment from Susquehanna Growth Equity, LLC ("SGE"), an entrepreneur-centric growth equity firm exclusively focused on internet, software, and information services companies. The financial terms of the investment were not disclosed.
LiveBarn provides Live & On-Demand broadcasting of amateur and youth sporting events so athletes, coaches, and fans never miss a moment of the game. Through its cutting-edge, patented technology and camera system, LiveBarn has grown 40% year over year and now broadcasts from over 1,000 sports venues across the United States and Canada, including hockey rinks, indoor court sports (volleyball & basketball), turf venues (soccer, lacrosse, football), baseball/softball fields, gymnastics, and aquatics. To date, LiveBarn has streamed over 50 million hours of amateur and youth sporting events.
"We are incredibly excited to partner with the SGE team as a strategic and financial ally," said Farrel Miller, Founder and CEO of LiveBarn. "This partnership will support investments across the Company as we expand our venue coverage, technology, and leadership team so we can continue our mission to provide athletes, families, coaches, and fans real-time access to the games they care about."
Ray Giroux, COO of LiveBarn and former NHL player, added, "From day one, the SGE team connected to our vision for youth sports. Their passion, knowledge, and experience made it clear to us, that SGE is the perfect partner. We look forward to collaborating with the entire SGE team as we drive LiveBarn’s future growth and success."
In conjunction with the transaction, SGE team members Scott Feldman, Jeff Steinberg, Aneesha Raghunathan, and Dennis Kim will join LiveBarn's Board in Director or Observer capacities.
"The big shot, the amazing save, the special bond that forms amongst teammates – these are memories that last a lifetime, and LiveBarn helps capture, share, and preserve them for family, friends, and fans to enjoy," said Scott Feldman, Managing Director at SGE. "We are incredibly excited to help build the next great video streaming company – one that delivers unique content directly to the fans that care the most."
SGE has invested in 60+ technology companies worldwide, including Credit Karma, eToro, and Payoneer. The firm prides itself on its ability to provide founders and management teams with capital without a predetermined exit timeline and expertise to help accelerate their growth journeys.
LiveBarn provides Live & On-Demand broadcasting of amateur and youth sporting events. Our patented technology and camera system automatically follow the flow of the game - similar to a traditional television broadcast. LiveBarn currently broadcasts from over 1,000 sports venues to 100k+ subscribers across the United States and Canada, including hockey rinks, indoor court sports (volleyball & basketball), turf venues (soccer, lacrosse, football), baseball/softball fields, gymnastics, and aquatics. LiveBarn was founded in 2015 and headquartered in Montreal, Canada. To learn more, please visit www.livebarn.com.
ABOUT SUSQUEHANNA GROWTH EQUITY
Susquehanna Growth Equity, LLC (SGE) is an entrepreneur-centric growth equity fund with flexible capital and time horizons. SGE is exclusively focused on growth-stage internet, software, and information services companies. The firm has invested over $2B dollars and has portfolio companies across the US, Canada, EU, and Israel. SGE is backed by a unique and patient source of capital, enabling the firm to give entrepreneurs and management teams freedom and flexibility to maximize growth. To learn more, please visit www.sgep.com.