First company in The JumpFund’s portfolio announces acquisition
The JumpFund was founded in Chattanooga in 2014 and made its first investment soon thereafter in SuperFan Inc., a woman-led company based in Louisville, KY.
Now, nearly seven years later, the mobile fan engagement platform that offers rewards and incentivizes fan participation in high school and college/university athletics has been acquired by PrestoSports, a leading provider in collegiate and high school streaming, website, social graphics, and stats technology.
“By joining PrestoSports, we can enhance the solutions and services provided to our customers,” said Kayla Mount, who co-founded SuperFan with fellow sports fan, Chris Nowak. “We can also accelerate the availability of a fully integrated platform for sports programs everywhere, empowering them to execute impactful fundraising and digital fan engagement.”
The JumpFund was created as an early stage, angel investment fund targeting women-led ventures in the Southeast U.Si. As such, it invested in SuperFan’s early capital raise in 2014, alongside Bluegrass Angels, Kentucky Science & Technology Corporation, Connectic Ventures, and other Kentucky-based angel investors. Kristina Montague, Managing Partner at The JumpFund, joined SuperFan’s Board of Directors, and her group made additional follow-on investments in the company.
While the financial terms of the deal are not being released, this acquisition represents a positive exit for the fund. SuperFan’s founders and all employees will continue operating as part of the new company and will be called SuperFan powered by PrestoSports.
