Mobile sports streaming app Buzzer has raised $20 million in Series A funding led by existing investor Sapphire Sport and new investor Canaan Partners. More than 20 current and former athletes also invested in the round, including Michael Jordan, Wayne Gretzky, Patrick Mahomes, Naomi Osaka, and LaMelo Ball. Several owners of sports teams also invested in the round.
Buzzer, which lets users pay as little as $0.99 to watch parts of live sporting events, already has rights deals with the NBA, NHL, and PGA Tour.
“With the proliferation of new distribution platforms, fans are finding it harder to know when and where live sports are happening. We envision Buzzer becoming the discovery and curation tool that brings Gen Z fans back to live sports with simple access to ephemeral moments,” Buzzer CEO Bo Han said in a statement.
Buzzer’s app, now in early access mode, will officially launch later this year.
Team owners who invested in the Series A round include David Blitzer (New Jersey Devils and Philadelphia 76ers), GSW Sports Ventures (an affiliate of the Golden State Warriors), Stephen Pagliuca (Boston Celtics), Lerner Enterprises (Washington Nationals), WISE Ventures (Minnesota Vikings), and Jeffrey Vinik (Tampa Bay Lightning).