Sportslobster.com, the sports social network, had announced the receipt of a further USD1 million funding alongside its September 2013 iPhone app launch. Four months after the site was launched at Wembley Stadium, Wychwood Capital Partners, a private equity firm based out of Luxembourg, made the investment in the firm.
Sportslobster.com is a one stop shop for sports afficionados, with the site providing news, photos and videos, commentaries and blogs into one oneline platform. Since its launch, several thousands of users regularly visit the site, amongst them sports personalities such as Michael Owen, Terry Gibson formerly of Manchester United and many others.
The latest funding would allow the site to move from being a start-up and into the next level. According to Sportslobster co-founder and CEO Andy Meikle said, "We're especially pleased to have Wychwood Capital Partners on board as, on top of the funding, they bring a wealth of strategic assistance and development of start ups to the table to take us to the next level."
For its part, Wychwood Managing Director John Paul Keane said, "We regard Sportslobster as a ground breaking, unrivalled platform for sports fans. We believe this is an excellent opportunity and we are delighted to partner with an exciting, dynamic and focused management team. We share the vision, allied to a real commitment to quality and success."
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