What is the story about?
What's Happening?
Scorability, a sports tech platform, has raised $40 million to modernize college sports recruiting. The funding round was led by Bluestone Equity Partners, with participation from Fanatics and other investors. The platform aims to streamline the recruiting process for college sports, offering a service likened to 'LinkedIn Premium' for sports recruiting. This development comes as the NCAA landscape shifts, allowing student-athletes to be compensated for their contributions, following a significant antitrust settlement.
Why It's Important?
Scorability's initiative is timely, given the recent changes in NCAA policies regarding athlete compensation. By providing a more efficient recruiting process, the platform could significantly impact how colleges scout and recruit talent. This could lead to more equitable opportunities for student-athletes and potentially reshape the dynamics of college sports recruiting. The involvement of major investors underscores the potential market impact and the growing intersection of technology and sports.
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