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Former Seattle Sounders star Brad Evans has a new goal – to help charities with online auction startup

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Brad Evans during his days with the Seattle Sounders FC. (GeekWire File Photo / Kevin Lisota)

Brad Evans, the onetime Seattle Sounders FC star, said he never experienced any nerves in his years playing professional soccer. He went to bed at a normal time, slept well and woke without any worries. In front of 100,000 fans, he had a singular, calm focus.

In his first foray into running a tech startup, Evans is experiencing a range of new emotions.

“I’ve never had a problem sleeping until this past year and I think I know why,” Evans said. “Playing soccer for 12 years was great, I was just used to it. Now I’m in a space where I’m out of my element in everything that we’re doing. I’m learning completely on the fly. It’s been crazy to be honest.”

The tech and business aspects of launching his own company may be foreign, but Evans is working with producers and a product that he knows well — sports stars and their memorabilia. The startup is called Contrib, and the digital fundraising platform is another way to connect athletes and other influencers with their fans while raising money for charity.

While the auctioning of signed jerseys and other equipment is certainly not new, Evans wants to seize on the immediate hype around a particular game and social media to make a meaningful impact.

Traditionally, Evans would donate a jersey or some other item to a gala or other event being thrown by a charity he supports. The audience with access to that item would be limited to the in-person event. Through Contrib, and promotion on various social networks, Evans envisions a much broader audience, and more charitable bang for the memorabilia bucks.

Brad Evans during a rally following the Seattle Sounders FC first MLS Cup win in 2016. (GeekWire File Photo / Kevin Lisota)

Here’s how it might work, using the former Sounder as an example:

  • Evans scores two goals in a match against Portland.
  • In the locker room, he takes a video that says something like, “Brad Evans here and I just scored two goals in this jersey. For seven days it will be on auction and proceeds will go to Seattle Children’s Hospital.”
  • The athlete uploads to Contrib and clicks “share on all platforms.”
  • The video is also sent to the athlete’s social channels and fans who click the link are sent to Contrib where they can bid.
  • After seven days the winner’s payment is processed. Contrib takes 15% and the remaining 85% is sent to the charity that the athlete has chosen.

“What I like about this is it’s really powered by the athlete and they get control over where those funds are going,” Evans said. “Hopefully you get the full circle social experience where the winner can post on social media, the athlete can engage with that person. That’s where I think it all comes together.”

That experience is a little reminiscent of Cameo, the video-sharing platform that has attracted athletes, musicians, actors and more in a bid to monetize selfies for fans. Seattle sports legends such as Detlef Schrempf, Edgar Martinez and Steve Largent are using Cameo to offer up birthday wishes and much more.

Contrib soft-launched with an auction for a Sounders Jimi Hendrix scarf signed by Evans which sold for $400 last week after attracting 33 bids. Proceeds will benefit the RAVE Foundation, the charitable arm of the Sounders, to help build mini soccer pitches throughout the Seattle area.

Evans is initially turning to his friends and people he knows to help get Contrib rolling, so soccer gear will be popular in the early going. A Jordan Morris jersey is expected to hit the site this week, and signed goalie gloves from Stefan Frei or cleats from Cristian Roldan could follow. Evans wants to have a solid platform running when he reaches out to other stars, such as Sue Bird or Megan Rapinoe.

And he sees Contrib auctions going beyond sports memorabilia, with inclusion of such things as a popular band’s set list after a concert or experiential items such as dinner with someone like Seattle hip-hop star Macklemore or a round of golf with Evans and Morris.

“My brain goes a million different places,” Evans said.

Contrib got some initial backing from David Cantu and Rick Cantu, the co-founders of Redapt, the Seattle-area technology solutions provider. Jared Wray, co-founder and CTO at software and logistics platform Palmetto, is providing technical expertise to help Evans iron out any of Contrib’s kinks.

In the first couple months, Evans figures it’ll be a slow crawl to walk and then run as he onboards more personalities and generates buzz for what he’s building. He’s excited about his commitment to helping non-profits.

“Ultimately I wanted to get money to the people that needed it most. That was the main goal,” Evans said. “And as athletes, there’s no better way to do that than with memorabilia.”

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Source: https://www.geekwire.com/2021/former-seattle-sounders-star-brad-evans-new-goal-help-charities-online-auction-startup/

Start Ups

Sequoia backed Skillmatics raises INR 22.47 Cr in Series A round

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Skillmatics, which offers products for child skill enhancement, has raised INR 22.47 Cr in Series A round. According to MCA filings, Skillmatics placed a private placement offer in April to issue total 2,50,807 series A convertible preference shares to raise funding of nearly INR 22 Cr.

Smiti Holding and Trading Company has led the Series A round by contributing almost INR 15 Cr in the round. Smiti Holding has been allotted 1,67,205 convertible series A shares for its contribution. As per our reports, Vita Dani, owner of Indian Super League (ISL) franchise Chennaiyin FC, is one of the directors of the company. Dani is also the cousin of Reliance Industries Chairman Mukesh Ambani.

Dubai based Saanush Holdings and Patni Wealth Advisors have individually contributed INR 3.22 Cr. They both have been allotted 34,043 series A convertible shares.  Sohel Shikari and Ravi Nigam are other two angel investors who have participated in this round.

MCA filings have also revealed that Skillmatics had raised INR 22 CR in pre-series A round last year. Sequoia had led the pre-series A round by pumping almost 21 Cr in the round.

Skillmatics was part of the Sequoia Surge’s first cohort batch in 2019.

Based in Mumbai, Skillmatics is essentially a full-stack direct-to-consumer brand that develops innovative educational products and games. These innovative products have been designed to help children build core skills and improve their academic performance, the company claims. Dhvanil Sheth is the founder of the company.

The company claims to sell its products to more than 15 countries across the world. The company facilitates its global sales mostly through an international network of 3,000+ retail stores. In 2019, it became the first-ever Indian brand to sell across Hamleys globally.

The MCA filing revealed that the company had earned a revenue of Rs 14.82 Cr in Fy20 as compared to Rs 5 Cr revenue in Fy19.

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Source: https://www.techpluto.com/sequoia-backed-skillmatics-raises-inr-22-47-cr-in-series-a-round/

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Start Ups

Sequoia backed Skillmatics raises INR 22.47 Cr in Series A round

Published

on

Skillmatics, which offers products for child skill enhancement, has raised INR 22.47 Cr in Series A round. According to MCA filings, Skillmatics placed a private placement offer in April to issue total 2,50,807 series A convertible preference shares to raise funding of nearly INR 22 Cr.

Smiti Holding and Trading Company has led the Series A round by contributing almost INR 15 Cr in the round. Smiti Holding has been allotted 1,67,205 convertible series A shares for its contribution. As per our reports, Vita Dani, owner of Indian Super League (ISL) franchise Chennaiyin FC, is one of the directors of the company. Dani is also the cousin of Reliance Industries Chairman Mukesh Ambani.

Dubai based Saanush Holdings and Patni Wealth Advisors have individually contributed INR 3.22 Cr. They both have been allotted 34,043 series A convertible shares.  Sohel Shikari and Ravi Nigam are other two angel investors who have participated in this round.

MCA filings have also revealed that Skillmatics had raised INR 22 CR in pre-series A round last year. Sequoia had led the pre-series A round by pumping almost 21 Cr in the round.

Skillmatics was part of the Sequoia Surge’s first cohort batch in 2019.

Based in Mumbai, Skillmatics is essentially a full-stack direct-to-consumer brand that develops innovative educational products and games. These innovative products have been designed to help children build core skills and improve their academic performance, the company claims. Dhvanil Sheth is the founder of the company.

The company claims to sell its products to more than 15 countries across the world. The company facilitates its global sales mostly through an international network of 3,000+ retail stores. In 2019, it became the first-ever Indian brand to sell across Hamleys globally.

The MCA filing revealed that the company had earned a revenue of Rs 14.82 Cr in Fy20 as compared to Rs 5 Cr revenue in Fy19.

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Source: https://www.techpluto.com/sequoia-backed-skillmatics-raises-inr-22-47-cr-in-series-a-round/

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Start Ups

Berlin-based healthtech startup Lykon raises €6.4 million and acquires AI Gaia Nutrition

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HealthTech startup Lykon has raised €6.4 million in its Pre-Series A funding round, led by MA Ventures, the venture capital fund of the Migros Aare cooperative (managed by Redstone), and IPPEN.MEDIA, a big German media house with one of the largest online media networks. Also joining this round were other investors such as family offices and business angels.

In addition to the fresh funds, Lykon has acquired Gaia Nutrition, one of the technology leaders for personalized nutrition plans. The acquisition was closed earlier this year, strengthening its authority in data-driven personalisation of food products and nutrition recommendations.

Founded in 2015, Lykon is Germany’s market leader for personalized nutrition concepts based on certified blood and DNA tests. Supported by machine learning and artificial intelligence, Lykon provides users with customized nutritional recommendations, recipes, products and a guidance for better health.

Benefitting from people’s increased awareness of health issues and increased openness to self-testing, in recent months the startup has substantially expanded its customer base.

Lykon’s founder and CEO Tobias Teuber commented on the new funding round: “Our new investors are a perfect fit at this stage of our company’s growth, as they not only bring us funding, but also provide us with expertise and access to new distribution channels and markets. This will take us even closer to our goal of making 100 million people healthier thanks to customized nutrition.”

The new funds will be used to continue to improve the customer journey and develop the technology. A further Series A financing round is envisaged for the end of 2021/early 2022.

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Source: https://www.eu-startups.com/2021/06/berlin-based-healthtech-startup-lykon-raises-e6-4-million-and-acquires-ai-gaia-nutrition/

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Start Ups

Berlin-based healthtech startup Lykon raises €6.4 million and acquires AI Gaia Nutrition

Published

on

HealthTech startup Lykon has raised €6.4 million in its Pre-Series A funding round, led by MA Ventures, the venture capital fund of the Migros Aare cooperative (managed by Redstone), and IPPEN.MEDIA, a big German media house with one of the largest online media networks. Also joining this round were other investors such as family offices and business angels.

In addition to the fresh funds, Lykon has acquired Gaia Nutrition, one of the technology leaders for personalized nutrition plans. The acquisition was closed earlier this year, strengthening its authority in data-driven personalisation of food products and nutrition recommendations.

Founded in 2015, Lykon is Germany’s market leader for personalized nutrition concepts based on certified blood and DNA tests. Supported by machine learning and artificial intelligence, Lykon provides users with customized nutritional recommendations, recipes, products and a guidance for better health.

Benefitting from people’s increased awareness of health issues and increased openness to self-testing, in recent months the startup has substantially expanded its customer base.

Lykon’s founder and CEO Tobias Teuber commented on the new funding round: “Our new investors are a perfect fit at this stage of our company’s growth, as they not only bring us funding, but also provide us with expertise and access to new distribution channels and markets. This will take us even closer to our goal of making 100 million people healthier thanks to customized nutrition.”

The new funds will be used to continue to improve the customer journey and develop the technology. A further Series A financing round is envisaged for the end of 2021/early 2022.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.eu-startups.com/2021/06/berlin-based-healthtech-startup-lykon-raises-e6-4-million-and-acquires-ai-gaia-nutrition/

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