June 17, 2023
Pirate Entrepreneurship Fund Propels Sportscale, Inc.
East Carolina University’s (“ECU”) spin-out Sportscale, Inc. received a quarter of a million dollar equity investment from the Pirate Entrepreneurship Fund, LLC (“PEF”). Sportscale, Inc. is home to the patented Sportscale System, a product that features athlete recognition and automates repetitive weight collection routines for sports teams. The Sportscale System is currently helping colleges, universities, and high schools around the country to safeguard athletes. Current customers include some of the NCAA’s top wrestling programs. Interest in Sportscale’s products escalated dramatically in 2023 and the PEF investment is pivotal to building inventory and quickly filling orders.
Sportscale, Inc was founded by Sharon Rogers Moore, PhD, associate professor and Innovator in Residence at ECU’s Miller School of Entrepreneurship. She shared, “This investment is an opportunity for us to take a great stride forward this summer and reach more athletic
programs. We aim to be a tool that every coach, athletic trainer, and sports program finds essential.”
Sportscale represents PEF’s fifth investment. The multi-million dollar fund was launched in early 2022 in support of ECU-affiliated startups, research partners and alumni businesses. In a statement issued by Anthony Patterson and Matt Crisp, lifelong ECU supporters and PEF investment committee members, “Sportscale represents the type of innovation and real-world solutions that ECU is known for, and represents another clear example of Pirates rolling up their sleeves to solve today’s most pressing issues. PEF is designed to invest in growing companies founded by ECU faculty like Dr. Rogers Moore who are true experts in their field, and we are proud to be part of this endeavor.”
Dr. Michael Harris, interim dean, ECU College of Business adds, “It’s exciting to see Sharon continue to grow Sportscale through the support of the PEF. This is proof that the entrepreneurial spirit is alive and strong on our campus.”
Co-investing in this round with PEF were current Sportscale shareholders, as well as members of East Carolina Angels, a group of investors focused on opportunities that originate or impact ECU and eastern North Carolina. This financing round, which remains open for additional
interested investors, is the second equity raise for Sportscale, Inc.
For more information on PEF, please contact the fund manager at info@eastcarolinaangels.com. For more information about Sportscale, Inc. or its products, please visit the company online at https://www.sportscalesystem.com
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