Rocket Youth, a startup founded less than a year ago, said that it “raised more than” $100M from a group led by SpringHill co-founder & CEO Maverick Carter as it looks to “expand in the booming kids sports sector,” according to Randall Williams of BLOOMBERG NEWS. Relevent Sports CEO Daniel Sillman joined Carter, as did investment firm ZBS Partners. The valuation was not disclosed. Rocket Youth sells “a suite of services” such as accounting and business development to companies running athletic and enrichment programs for kids. The company serves “a handful” of sports, including volleyball, basketball and gymnastics. Carter said that the goal is to “empower the entrepreneurs who are in the field every day working with young athletes and building these youth sports programs” (BLOOMBERG NEWS, 2/14).
Maverick Carter leads group investing over $100M into youth sports startup
