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Tournated Receives EUR 50K Investment from Latvian Business Angels Network

Tournated, an all-in-one white-label sports management solution, has secured a €50,000 investment from the Latvian Business Angels Network (LatBAN).

Founded by a team of world-class athletes, sports enthusiasts, and tech experts, Tournated has rapidly gained traction, with governing sports organizations in over 25 countries already using its solution. Known as the "Shopify of Sports Management," Tournated is revolutionizing sports technology, focusing on racket sports like tennis and pickleball, and expanding into other sports.

With over 35,000 registered athletes worldwide, Tournated’s rapid growth has cemented its position as a key player in the industry. The company has already launched franchises in the USA, Puerto Rico, and China and is preparing for a major expansion into Africa.

A key factor in Tournated’s success is its modular platform design and monetization tools, which allow sports organizations to launch their own web platforms and mobile apps. This helps them unify stakeholders, centralize operations, and boost growth and revenue - all under their own brand and domain.

"With over 15 years as a professional athlete and 10 years as an international sports developer, I’ve experienced firsthand the lack of technological advancement in the sports management industry. With Tournated, we are finally changing that," said Nikita Ribakovs, Founder of Tournated. "We’re excited about our platform’s immense potential as we expand into new sports and markets. This investment will accelerate our global growth and enable us to further enhance our technology to better serve the sports community."

Ansis Spridzāns, LatBAN Board Member, commented, "Tournated has proven to be a game-changer in the sports tech industry. With a very high adaptation rate from high-level organizations around the world, their technology is proving to be a real problem solver. The team’s commitment and the platform’s scalability make it a promising investment.”

For further information on Tournated's innovative platform and expansion plans, please visit https://www.tournated.com/
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