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TeamSnap Supercharges Innovation and Growth with Acquisition of MOJO Sports

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Industry Leader Buys Startup Adding Revolutionary Coaching Resources, Multimedia, and Video Capabilities to Platform

CHICAGO, Dec. 14, 2023 /PRNewswire/ — TeamSnap, the leading provider of sports management software and the online community for everything youth sports, today announced that it has acquired MOJO Sports (“MOJO”), an innovative youth sports media platform that provides coaching instruction resources, sports team management tools, live video streaming, and multimedia content sharing to coaches, athletes, and families. 

With the acquisition of MOJO, TeamSnap is redefining the relationship between youth sports and technology. In addition to sports management solutions used by 2M+ daily active users (DAUs) and more than 19,000 sports organizations, TeamSnap will now offer MOJO’s award-winning library of games, drills, and session-by-session support for youth coaches, as well as robust interactive multimedia tools, including live streaming, for families and fans to engage on and off the field. 

Discover the transformative impact of this acquisition for TeamSnap and MOJO app users, TeamSnap for Business customers, and partners at: www.teamsnap.com/mojo

“The MOJO team has built the leading consumer-focused digital experience in youth sports. Their professional league and club partnerships, video streaming platform and coach development tools will add compelling new value to our TeamSnap community,” said Peter Frintzilas, CEO of TeamSnap. “This is a defining moment for TeamSnap and for youth sports. This acquisition, combined with the significant investment we have put into the TeamSnap platform over the last 2+ years, and the distribution power of our millions of active users, solidifies our position as a leader in this next evolutionary phase of sports technology.” 

Today, the youth sports market touches more than half of US households on an annual basis — with an estimated 60 million youth athletes playing multiple sports across roughly 2 million school, community, and club teams in more than 150,000 leagues. To capitalize on this $37.5 billion market, youth sports tech has amassed investment of more than $1 billion of disclosed capital in the last five years, and even more in undisclosed investments. 

“TeamSnap and MOJO are a perfect fit. Not only do we share a common vision of transforming youth sports with the best of content and technology, together we can create truly unforgettable experiences for players, families, fans, and sports organizations,” said Ben. Sherwood, founder & CEO of MOJO. “TeamSnap is poised to win the youth sports market in the US and around the world, creating unforgettable seasons for more than 500 million families with kids who play sports worldwide.

After leaving The Walt Disney Company as co-chairman of media networks and president of the Disney ABC Television group, Mr. Sherwood and co-founder Reed Shaffner launched their award-winning app in February 2021. MOJO’s key features for youth sports players, families, fans, coaches, and clubs include: 

Live streaming, scoring and easily shared highlights.Access to a deep video library of training content, developed with best-in-class partners such as MLS and MLB.Personalized in-app experiences for players, including customizable player cards and timelines that include multimedia highlights from an entire season. Interactive practice plans and activities with video walkthroughs, equipment lists, drill instructions and coaches’ notes.Expert advice, how-tos, Q&As interviews, and personal stories from coaches and athletes.

“I’m excited for the impact this partnership will have on youth sports and families everywhere,” said Denver Broncos quarterback Russell Wilson, a MOJO founding athlete, investor, and advisor, as well as chairman of NFL FLAG. “As a parent, volunteer, and coach, I’m deeply connected to our mission at MOJO, which is to enhance the youth sports experience by making coaching and parenting easier and more fun for everyone involved. With the size, scale, and resources of TeamSnap, the combined new platform will be unstoppable in helping us reach that goal.”

The combination of the two industry-leading consumer tech platforms also creates the most comprehensive suite of B2B tools available for sports organizations. MOJO’s B2B offerings include powerful content distribution capabilities for governing bodies, associations, and clubs, which enables partners like Jr. NBA, and NFL FLAG to curate and distribute content and curriculum to coaches and participants at scale, accelerating adoption of their programs. When combined with TeamSnap for Business’s suite of registration, payment processing, and organizational management tools, TeamSnap for Business will now fully encapsulate the needs of today’s modern sports organization. 

“Over the past decade, millions of coaches, team managers and administrators have trusted TeamSnap as the gold standard in team management to stay organized through their seasons,” said Andrew Rueff, TeamSnap Executive Chairman and Operating Partner at Waud Capital. “The addition of MOJO’s team and experience to TeamSnap is a significant accelerant in our pace of innovation and growth, catapulting us forward in delivering the leading ecosystem for all things youth sports.”

Financial terms of the transaction were not disclosed. MOJO, a TeamSnap company, launched today and the MOJO app and its content will continue to be available to its 5 million users worldwide. The MOJO team, based mainly in Los Angeles, will join TeamSnap’s distributed workforce of more than 200, and Mr. Sherwood will take on a new role as a board member at TeamSnap. 

The sellers of MOJO were advised by Gunderson Dettmer for legal counsel and Whisper Advisors for investment banking services.  Kirkland & Ellis provided legal counsel, and GP Bullhound and ThoughtSource provided advisory services for TeamSnap.

About TeamSnap

TeamSnap is home to the largest online community for everything youth sports. It is consistently rated the No. 1 sports management platform by its loyal audience of more than 25 million youth sports coaches, administrators, players, and parents and over 19,000 sports organizations—across more than 100 different types of sports and activities. The leading sports-tech company offers consumer brands innovative new ways to connect with passionate youth sports audiences from across the globe. It is currently in high-growth mode, expanding its footprint toward becoming THE platform and marketplace for all things youth sports.

TeamSnap Impact is the company’s initiative aimed at enhancing the lives of kids by creating a world where youth sports programs are accessible and equitable for all.

For more information, visit the TeamSnap website, and follow the company on Instagram, LinkedIn and Twitter.

About MOJO Sports

MOJO’s on a mission to provide the best youth sports technology, content, and experiences to coaches, families, and players worldwide. MOJO offers a robust digital platform featuring world-class coaching resources, intuitive team management tools, and a supercharged fan experience. MOJO also supports leagues with a playing experience platform that facilitates coach recruitment and training, organization-wide communication, and player retention. MOJO supports more than 5 million families across 25,000 organizations, and partners with MLB, the NBA, MLS, NFL FLAG, FC Barcelona, and more. 

MOJO was recently recognized as one of the world’s most innovative startups by Fast Company and received a Webby for Best Sports App.

MOJO’s lead investor was Alpha Edison Ventures. Other investors include Elysian Park Ventures, W.I.S.E. Ventures, MLB and Liontree.

For more information, visit the MOJO website

Media Contact
Alexandra Shafer
JConnelly for TeamSnap
973.934.5100
teamsnap@jconnelly.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/teamsnap-supercharges-innovation-and-growth-with-acquisition-of-mojo-sports-302015590.html

SOURCE TeamSnap

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Don’t Miss These Incredible AiRROBO Black Friday Deals – Unbeatable Prices Await!

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HONG KONG, Nov. 24, 2024 /PRNewswire/ — Black Friday is here, and it’s your chance to grab the best deals of the year! Whether you’re looking to upgrade your home, simplify daily chores, or spoil your furry friends, we’ve got you covered with massive discounts on top-rated products. Check out these must-have items at unbeatable prices, available for a limited time only.

AiRROBO T20+ Robot Vacuum: Revolutionize Your Cleaning

Original Price: $499.99
Black Friday Price: $199

The AiRROBO T20+ isn’t just a cleaning device—it’s your new best friend. Featuring cutting-edge USLAM Air 5.0 & LiDAR Navigation, this robot vacuum efficiently maps your home for flawless cleaning. With its 3-in-1 sweeping, vacuuming, and mopping function, the T20+ handles everything from crumbs to tough stains.

Add the hassle-free self-emptying station, a powerful HEPA filter, and an impressive 180-minute runtime, and you have a device that takes care of your floors without breaking a sweat. Control it effortlessly via app, voice, or remote, and enjoy spotless floors every day.

AiRROBO P20 Robot Vacuum: Clean Smart, Live Better

Original Price: $129.99
Black Friday Price: $64.99
Discount Code: 9TNGZLDR

The AiRROBO P20 is perfect for budget-conscious shoppers who want smart cleaning. It delivers powerful suction to remove dirt, pet hair, and debris from hard floors and carpets. Compact yet efficient, the P20 is ideal for apartments or smaller homes. Don’t miss the chance to grab this deal and simplify your life for a fraction of the price!

AiRROBO PG50 Pet Grooming Vacuum: Pamper Your Pets

Original Price: $99.99
Black Friday Price: $49.69
Discount Code: 4YUDMHIJ

Say goodbye to the mess of grooming your pets at home. The AiRROBO PG50 combines grooming and vacuuming in one handy device, capturing pet hair and dander as you groom. This is the perfect gift for pet lovers who want to keep their homes fur-free while pampering their furry friends.

Why Shop This Black Friday?

Black Friday is the ultimate shopping event of the year, offering discounts you won’t find anywhere else. These exclusive deals are available only from November 21 to December 2, so act fast before they’re gone.

Massive Savings: Up to 60% off premium products.Convenience: Shop online and enjoy fast delivery to your doorstep.Perfect Gifts: Find practical and thoughtful gifts for loved ones—or yourself!

How to Grab These Deals?

Visit the AiRROBO Amazon store.Use the provided discount codes at checkout to secure the sale price.Hurry! Stocks are limited, and these deals won’t last.

This Black Friday, elevate your home and lifestyle without breaking the bank. Don’t let these deals slip away—shop now and enjoy cutting-edge products at unbeatable prices. Your future self will thank you!

For more information

For any giveaway campaigns or new feeds, please join AiRROBO on Facebook, Instagram, Twitter, YouTube and Gleam.io.

About AiRROBO

AiRROBO is a smart home appliance brand with a focus on AI-enabled technologies. Supported by world-leading AI and humanoid robotic company, UBTECH Robotics, AIRROBO is aiming to bring the most cutting-edge technology to more and more households around the globe, making smart home a new norm of life. Find out more at us.air-robo.com.

CONTACT: Kristy Luo, sihui.luo@ubtrobot.com 

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SOURCE AiRROBO

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Max Stock Limited Announces Change in Shares Held by an Interested Party

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CAESAREA, Israel, Nov. 24, 2024 /PRNewswire/ — Max Stock Limited (TASE: MAXO(; )the “Company”, “Max Stock“) today announced that on November 20th, 2024, Phoenix Financial Ltd. and Phoenix Investment House Ltd. (“Phoenix reporting group”), including their respective nostro account, provident funds and provident fund management companies, as well as mutual fund management companies and market maker sub entities, informed the Company that they had sold shares of the Company thereby lowering their joint holdings to 4.8% of the Company’s issued capital (4.15% and 0.65% respectively). As a result, Phoenix reporting group will no longer be an interested party in the Company.

This is an English translation of segments of a Hebrew immediate report that was published on November 24, 2024 (Ref. No: 2024-01-618032) (hereinafter: the “Hebrew Version”). This English version is only for convenience purposes. This is not an official translation and has no binding force. In the event of any discrepancy between the Hebrew Version and this translation, the Hebrew Version shall prevail.

About Max Stock

Max Stock is Israel’s leading extreme value retailer, currently present in 64 locations throughout Israel and 2 locations in Portugal. We offer a broad assortment of quality products for customers’ everyday needs at affordable prices, helping customers “Dream Big, Pay Small”. For more information, please visit https://ir.maxstock.co.il                 

Company Contacts:

Talia Sessler,
Chief Corporate Development and IR Officer
talia@maxstock.co.il

View original content:https://www.prnewswire.com/news-releases/max-stock-limited-announces-change-in-shares-held-by-an-interested-party-302314811.html

SOURCE Max Stock Limited

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Qatar Development Bank announces strategic investment in global Islamic FinTech, Wahed

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DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.

Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.

Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.

Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”

About Wahed

Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.

For more information, visit: www.wahed.com

About Qatar Development Bank

Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.

For more information, visit: https://www.qdb.qa/

 

SOURCE Wahed

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