Every sports nut loves an interesting stat, and apparently that interest is enough for startup StatMuse to raise $10 million in their first round of seed funding.
Now, this is no ordinary stat offering company, but one that makes intricate stats more readily available to the average person. First, StatMuse uses a special “natural language” algorithm that makes any stat accessible at the hands of a search.
In addition to this, they have set up their statistics in a very appealing manner. Each stat comes with some sort of bar graph or image that provides all of the necessary facts without having to sift through the traditionally dry charts.
For example, you could type in “Steve Nash assists by season” and get a normal-looking statistical chart and a bar graph detailing the amount of assists he had each NBA season (if you were wondering, his season-high was 898 assists in 2007-2008).
Right now, StatMuse only operates in the realm of basketball, but it is clear that with $10 million at their disposal, they will surely move on to conquer every sport that they possibly can.
According to TechCrunch’s Ingrid Lunden, some of the biggest contributors to that $10 million of Series A investment were the Walt Disney Company and TechStars. Allen & Company, Greycroft Partners, Promus Ventures, Haas Portman, Deep Fork Capital and Bee Partners also added large sums of money to StatMuse’s future expansion. Former NBA commissioner David Stern was even on the list of investors.
Walt Disney Company having a major stake in StatMuse makes more sense than any other company, seeing as they own ESPN. It looks like StatMuse will be most useful for people like me, who operate in the world of sports journalism. Appealing numbers will make it incredibly easy to fact check and provide that content to readers.