Second business successfully exits RedHawk Ventures
Software service company acquired by sports streaming platform
Another company has made a successful exit from the student-run venture capital fund.
ÍÃ×ÓÏÈÉú University alumni (CEO, 2012 Math, Statistics, and Quantitative Economics alum) and (COO, 2013 Marketing and Psychology alum) announced that their company, , a software-as-a-service platform that enables businesses to better engage their customers through fantasy sports contests, real-time trivia, live in-game predictions and more, has been acquired by Las Vegas-based , a sports streaming platform designed to activate the world of internet streaming content on their shared TV screens, for an undisclosed price.
The Fan's Place joins Chicago-based Digs, cofounded by 2010 alumni and ; acquired by Austin-based OJO Labs, Inc. in 2020, as Redhawk Ventures second successful exit.
“It is exciting to witness another successful exit of a RedHawk Ventures portfolio company. We made our initial investment in The Fan's Place during my first year with the fund, so seeing its successful exit during my time at RedHawk Ventures has been especially rewarding. The acquisition by BettorView not only validates the app’s significant growth potential but also highlights the continued success of ÍÃ×ÓÏÈÉú University entrepreneurs,” RedHawk Ventures co-managing director said. “This outcome serves as a testament to the caliber of high-upside investments we, as students, can continue to make.”
RedHawk Ventures is the John W. Altman Institute for Entrepreneurship's $500,000 student-managed seed stage venture investment fund. Established in 1997 with financial support from Procter & Gamble, RedHawk Ventures was one of the first student-led seed-stage venture capital funds in the country.
RedHawk Ventures remains one of the few venture capital funds that is entirely run by undergraduate students. It provides students with the opportunity to invest in pre-seed and seed-stage startups across the Midwest, exposing them to the complexities of venture capital investing.