Fan data company StellarAlgo raises $16.5M

Fan data startup StellarAlgo raised $16.5M in Series A funding through a round led by Toronto-based Carallas Holdings, with new investment from Bleacher Report Founder Dave Finocchio and Newbound VC. The funding will be used to continue the growth of StellarAlgo’s cloud-based solutions that help sports teams and live event organizations monetize fan data. The Calgary-based company also plans to open headquarters in the U.S. and Europe and to double its workforce over the next 12 months. StellarAlgo already has worked with over 85 clients, including the Yankees, Bucks, NHL Kings and the U.S. Open. With the new funding, StellarAlgo has now raised $19M to date (StellarAlgo).
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