Scout, a provider of financial literacy, tax, and investment solutions for collegiate athletic conferences, athletic departments, and student-athletes, announced the closing of a new round of venture capital funding.
The funding round saw participation from notable investors, including: Andy Katz, Founder and past Chairman of The College Sports Company and Managing Partner at VA² & BrknPar Venture Capital Fund. Adam Breneman, former All-American tight end and media entrepreneur. Oli Marmol, entrepreneur and Manager of the St. Louis Cardinals. Jim Briles and Merek Shoob, the serial entrepreneurs with multiple successful exits.
Since its launch in 2021, Scout has raised over $6 million to fuel its growth and expansion. Terms of this latest strategic financing were not disclosed.
Scout said the new capital will support the development of its personalized financial tools for athletes and their families, including enhanced tax and investment management solutions.
Scout is a financial technology leader dedicated to empowering athletes and administrators with the tools, knowledge, and infrastructure needed to succeed financially. From personalized financial wellness apps for athletes to integrated fintech solutions for athletic departments, Scout is driving innovation and excellence in collegiate athletics.