Sportingo’s Tiny Exit To Tixdaq Went Unnoticed

sportingologoA tiny acquisition of Israeli sport aficionados website Sportingo.com went almost unnoticed in the blogosphere. SportBuzz, the parent company of Sportingo which also owns the blog Caught Offsite as well as the video site Get Sport, was sold for several millions to UK-based Tixdaq.com, an online ticket retailer. SportBuzz had raised $3.5 million in funding to date.

Sportingo is an online media platform where sport fans can post discussions, state their opinions and get the latest sporting news (see last year’s post on VC Cafe). Sportingo’s gimmick, was the use of sanitized user generated content, to ensure that quality is maintained. Together with Caught Off-site and Get Sport.Tv, the websites reportedly attracted one million unique viewers a month.

 

sportingo

Screenshot from Sportingo.com

According to Calcalist, the deal was structured as $1 million in cash, and the rest as commissions earned from ticket sales on Sportingo.com.   Sportingo employs a total of 20 people in its development center in Israel and its sales office in London. As a result of the acquisition, the  Israeli office is expected to close, but the future employment of the team remains to be decided. Ze’ev Rozov, Sportingo’s chief  exec, said that the deal would enable the company to further develop its technology and integrate its content on the ticketing site. 

One of the big winners of this deal is angel investor Tal Barnoach, who also serves as the chairman of Vcon. In the past year, he sold two other companies, including Orca and BeinSynch. Other early stage investors include Igal Ahuvi and Ingenious fund.

Eze Vidra
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Eze Vidra

Chief Innovation Officer at Antidote
Eze is the Chief Innovation Officer at Antidote, a startup helping patients search and match to clinical trial, to accelerate medical breakthroughs. Previously, Ezewas a General Partner at Google Ventures Europe. Before GV, Eze founded and led Campus London, Google's first physical hub for startups, and was the Head Google for Entrepreneurs in Europe. He's an experienced product manager and startup mentor. In 2012 Eze founded Techbikers, a non-for profit supporting children education in developing countries.
Eze Vidra
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Eze Vidra

Eze is the Chief Innovation Officer at Antidote, a startup helping patients search and match to clinical trial, to accelerate medical breakthroughs. Previously, Eze was a General Partner at Google Ventures Europe. Before GV, Eze founded and led Campus London, Google’s first physical hub for startups, and was the Head Google for Entrepreneurs in Europe. He’s an experienced product manager and startup mentor. In 2012 Eze founded Techbikers, a non-for profit supporting children education in developing countries.