Attention: Your capital is at risk and you may not receive back all of your original investment. Read more
Sport:80’s proprietary, cloud-based management platform (the ‘Platform’) has been developed to address challenges faced in the multi-billion pound global sports industry
Since launching in 2012 the company has achieved consistent revenue growth and now boasts a user database of more than 50,000 people – this has continued to grow rapidly and is targeted to exceed 100,000 by the end of Q1 2016. However the Sport:80 team is confident that this represents only a fraction of the total potential market; Sport:80 currently works with 2 of the 62 International Sport Federations, which collectively, Directors estimate, have more than 240,000,000 members and form a market worth approximately £720,000,000 to the Company.
The technology was first implemented for the London 2012 Olympic Test Event for Shooting (ISSF Shooting World Cup) when the Sport:80 team was chosen to provide the event management services for the event. The Organising Committee of the London Olympic and Paralympic Games were delighted with the results that Sport:80 produced whilst utilising the technology. It automated the event entry process and coordinated personnel logistics for 2,000 athletes, coaches and others from more than 90 countries, whilst delivering real-time information to key stakeholders, venues and staff simultaneously.
The resulting platform that evolved from this technology was developed in-house by Sport:80’s team of highly talented software engineers and was designed to meet the specific needs of sports organisations, from grassroots up to elite level. It integrates the core functions required for managing sport into a secure and centralised system, automating repetitive and time consuming administration tasks, whilst providing a means of easily accessing and manipulating real time data. Crucially, the Sport:80 Platform also delivers online services to the end-user level, with athletes, coaches and volunteers being able to take greater control of their affiliation with sports organisations.
The success of this Platform has been proven through the Company’s established revenue generative client base, which includes multiple national and international federations.
Sport:80 aims to unite the common interests of the sports industry by providing an efficient, sustainable and secure means of working. The Directors believe that their technology and vision is revolutionising the way sports federations approach the management of sport.
Sports federations, even at international level, still predominantly rely on disparate, labour intensive, and often, paper-based systems to manage their internal operations. This presents a distinct opportunity as, in the Directors’ estimation, the current crop of competitor products do not provide the same depth of functionality as the Sport:80 Platform.
Furthermore, every Olympic International Federation is required to meet new regulations and compliance standards. The Association of Summer Olympic International Federations (ASOIF) and the International Olympic Committee (IOC) wants to ensure each Olympic sport collects, maintains and retains the rights to their data.
In addition to the above, the Directors believe that sports federations are under increasing pressure to deliver greater value to stakeholders, therefore they need to be more efficient and effective. The Sport:80 Platform has been purpose-built to provide an accessible and affordable solution to these challenges.
The Directors believe that Sport:80 has cultivated strong relationships with international and national Olympic and Paralympic sporting federations over the past decade through its management team. The Sport:80 Platform was purposely developed in response to a demonstrated market need and the Group has already secured commercial relationships with the British Olympic Association, Archery GB, British Fencing, England Fencing, Disability Target Shooting GB, BISFed, GB Boccia, Squash South Africa, International Federation for athletes with intellectual disabilities (INAS) and the International Wheelchair & Amputee Sports Federation (IWAS).
The proprietary nature and modular design gives the Platform a high degree of adaptability, enabling Sport:80 to continuously develop and improve the technology. In the Directors’ opinion, the Sport:80 Platform has thus far demonstrated strong user retention through annual membership renewals, database development work and on-going add-on services to both the sports federations and individual users.
The Group is seeking to raise a minimum of £300,000 (and up to £750,000) in exchange for 4.7 to 11.1% equity. It is the intention of the Directors to use the proceeds to accelerate the development of the Platform, expand the Group’s capabilities and strengthen its position as a leading sports and event management platform provider. Contingent upon a successful fundraise and implementation of the business plan, the Directors plan to list the company on a UK stock exchange during 2016.Read more