Sqor wants to take its sports-focused social networking efforts to a higher notch with a $13-million capital injection - the company's first substantial outside funding, according to VentureBeat.
The social gaming and publishing platform is set to undergo a major update in February. Ahead of that scheduled update, the San Francisco-based firm has secured over $4.4 million of the targeted $13 million capital infusion. This was according to a Securities and Exchange Commission document filed on Monday, the report detailed.
Last May, the startup held a soft-launching of its iPhone app to allow sports fans to follow and keep in touch with over 1,200 pro athletes on the said sports-oriented platform. One of the things that draw in athletes is the revenue-sharing model of Sqor, the report explained.
Brett Favre, a former Green Bay Packer, is an early backer and proponent of Sqor, VentureBeat reported.
Sqor was founded by entrepreneur Brian Wilhite in 2013. The startup is currently headquartered in San Francisco, California, according to Sqor's web profile.
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