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Hudl Receive Venture Capital Investment
GrundleStiltzkin
Member Posts: 61,516 
Hudl Scores $72.5M From Accel To Rally Teams To Its Sports Video Coaching Tool
You might not have heard of Hudl, but it’s how 100,000 sports teams spent $30 million last year to review game tape on mobile. Hudl never raised institutional funding since starting in 2006, but it’s quietly amassed 1 billion video clips and 3.5 million users across 40 countries. Now it’s ready to trounce its competitors with a jaw-dropping $72.5 million round of funding led by Accel that will pay for more sales reps so it can sign up as many teams as possible.
You’d be forgiven for wondering how Hudl isn’t just a niche business. How many teams are really recording game tape to be annotated by coaches and shared with players? Well, since the rise of mobile, the answer is basically all of them, from pros in the NFL and NBA down through college, high school and even little league sports teams.
And they pay. Hudl charges around $1,400 a year per high school and college team. That allowed it to build a software-as-a-service business that won $30 million in revenue in 2014.
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