OneTwoSee raises $1.2 million from local investors - Technical.ly Philly

Business

Oct. 5, 2015 7:55 am

OneTwoSee raises $1.2 million from local investors

The debt round follows the sports app company's big product launch with Comcast.

OneTwoSee cofounder Chris Reynolds (left) and Comcast executive director of product development Preston Smalley.

(Courtesy photo)

Sports-watching app company OneTwoSee raised $1.2 million in a debt round, cofounder Chris Reynolds confirmed to us.

The raise comes 18 months after the Center City startup’s last round, a $1.3 million equity round.

This latest round was backed by previous investors, including lead investor MissionOG, based in Center City, and local angel group Robin Hood Ventures, Reynolds said. The company employs 15 and is looking to hire five more right now.

When asked why the company went with a debt round this time, Reynolds wrote, “We won’t get into the details, but everyone is very pleased with the way the financing turned out.”

The company had a big win earlier this summer when it launched its baseball app with Comcast’s X1 platform, reaching millions of subscribers.

-30-
Juliana Reyes

Juliana Reyes has been covering the Philadelphia tech scene since 2012. She's co-president of the Asian American Journalists Association Philadelphia chapter and a two-time Philadelphia News Award winner for "Community Reporting of the Year." The Bryn Mawr College grad lives in West Philly, likes her food spicy and wears jumpsuits often.

Advertisement

Sign-up for regular updates from Technical.ly