beRecruited Inc., a Fort Lauderdale, Fla.-based social network for high school student-athletes seeking college recruitment, has raised $1.2 million in Series A funding led by Madison Parker Capital.
beRecruited, Inc. today announced the closing of a significant first round of financing led by Boston-based investment firm Madison Parker Capital, positioning beRecruited to continue its aggressive growth strategy and capitalize on new business opportunities. Terms of the financing were not disclosed.
beRecruited.com is the nation's No. 1 online networking destination for high school student-athletes seeking recruitment from college coaches and universities. beRecruited provides a platform for student athletes to connect and interact with college coaches across the nation, giving students the tools to research and build profiles of verified athletic and academic information, as well as providing coaches with a vast, searchable database of potential recruits. To date, beRecruited has more than 135,000 registered users, including 125,000 student athletes, nearly 8,000 college coaches and more than 3,000 high school c! oaches.
“We are already seeing great efficiencies in combining the increasingly competitive nature of recruiting, with the popular social networking trends for the high school demographic. This business platform offers a tremendous market for growth, as well as many new business opportunities and partnerships,” said Brent Brown, Managing Partner of Madison Parker Capital.
“As part of the financing announcement, Brent — already a member of the beRecruited Board of Directors — will now take an even more active role in the business,” said Ray Sozzi, Chairman of beRecruited. “He brings a wealth of expertise and will be a tremendous resource in helping us put the right partnerships in place.”
Earlier this month, the Company announced it had hired former ESPN senior executive Jeff Cravens as president.
beRecruited was founded in 2000 by Ryan Spoon, a collegiate swimmer for Duke University, in an effort to make the recruiting process more efficient for high school athletes and NCAA coaches. First created exclusively for NCAA swimming and diving, beRecruited now serves athletes and coaches from 18 different sports.
Madison Parker Capital, LLC is a Boston-based boutique investment firm focused on partnership-oriented investments in early-stage and middle-market companies. Madison Parker Capital's principals are experienced in investing, managing, operating and advising companies between $10 million and $150 million in sales. Additional information on Madison Parker Capital can be found at www.madisonparkercapital.com.