← All Dossiers
Fastbreak.AI – Series A
Funded Fund: StoryHouse SPV - Fund I  ·  SH Check: $313K  ·  Valuation: $205M post ($165M pre)  ·  Round: $40M  ·  Closed: 2025-10-31
Dossier generated 2026-07-14 by /deal-dossier  ·  Deal record: recOCJ9I4pObBrGrR  ·  Source: Airtable appjxAR3LPe3fkHOp

One-Liner & Thesis

Fastbreak.AI is the dominant AI scheduling engine for professional sports, using mathematical optimization to compute the fixtures for 55+ leagues worldwide, and is now extending that wedge into the fragmented multi-billion-dollar youth sports operations market. The pro-scheduling business (NBA, NHL, MLS, Serie A, La Liga and 17 of the top 20 global leagues) is a high-margin, contract-locked base that funds a much larger land grab in youth tournament operations, where the same optimization stack powers registration, scheduling, travel, ticketing and sponsorship.

Validation is strong: revenue grew roughly 400% year-over-year Web, the company holds ~$9.5M of contracted pro-sports revenue over the forward 12 months per the 2025-09-19 investor update, and CEO John Stewart is a repeat founder (MapAnything, sold to Salesforce). StoryHouse committed $313,311.95 via StoryHouse SPV - Fund I (Sydecar vehicle "Fastbreak AI Oct 2025," 10 LPs) at a $205M post-money ($165M pre) inside the $40M Series A, alongside the NBA, NHL, TMRW Sports and Greycroft; the round closed 2025-10-31.

Investment Score & Recommendation

79
/ 100
INVEST
Biggest driver: category-defining product and traction, near-monopoly on professional-league scheduling (~80% of U.S. pro schedules) with ~400% revenue growth. Biggest drag: a rich entry (~$205M post on single-digit-million ARR) carrying a 1.5x liquidation preference, alongside governance gaps and founder key-person risk flagged across diligence calls.
Momentum: Accelerating Red Flags: 4 / 9 Confidence: HIGH
Market & TAM8 / 10
Weight 25%
Team & Founder8 / 10
Weight 25%
Product & Traction9 / 10
Weight 20%
Deal Terms & Return7 / 10
Weight 20%
VC Syndicate7 / 10
Weight 10%

Deal Box

Round Size
$40M
Valuation / Cap
$205M post ($165M pre)
Lead
Greycroft & GTMfund
Co-Investors
NBA, NHL, TMRW Sports, Woody Creek Capital
SH Check
$313,311.95
Fund
StoryHouse SPV - Fund I
Funding Round
Series A
Vehicle
Fastbreak AI Oct 2025 (Sydecar SPV, 10 LPs)
SH Investment Date
2025-10-31

Company Snapshot

Sector
Sports, Information Technology
Location
Charlotte, North Carolina
Headcount
5 (Airtable; understated vs. current team)
Year Founded
2022-09-01
Total Raised
$53.2M
Website
fastbreak.ai
Status
Private

Market Size

$55B
Youth Sports Industry Web
Underlying spend the platform monetizes; internal call cited ~$70B incl. travel
~13%
Youth Sports Software CAGR Web
$2.1B (2025) → $6.4B (2034) software TAM
$200M
Serviceable ARR Potential Internal
Pro + youth SAM cited on the 2025-09-23 deal call

Fastbreak sits across two markets: a small but near-monopoly professional-league scheduling niche that funds R&D and confers brand halo, and the far larger, highly fragmented youth sports operations market (software TAM ~$2.1B growing to ~$6.4B by 2034 Web) sitting on a $55B+ underlying youth sports economy. The broader sports management software market was ~$10.8B in 2025 and is projected to reach ~$19.2B by 2031 (~11% CAGR) Web.

Competition

CompanyFocusPosition vs. Fastbreak
Fastbreak.AIAI optimization engine for pro scheduling + youth operations~80% of U.S. pro-league schedules; 55+ leagues; end-to-end youth platform (Compete)
In-house / manualLeagues scheduling internally or via legacy consultantsHistorical default Fastbreak displaces; NBA build cut from ~6 months to 2–4 weeks
SportsEngine (NBC)Youth league registration, scheduling, communicationBroad incumbent in amateur ops; not an optimization engine for pro fixtures
Stack Sports / TeamSnapTeam & league management, rosters, paymentsFragmented point tools; compete for youth operator budget
LeagueAppsYouth league operations & paymentsOperator-focused competitor in the amateur segment
Genius Sports / SportradarSports data & betting infrastructureAdjacent league-data players; potential acquirers more than head-to-head rivals

Moat: proprietary combinatorial-optimization IP (co-founder Timothy Carnes, PhD Operations Research) plus multi-year league contracts tied to TV deals create high switching costs; being the only vendor attacking the full youth ecosystem simultaneously is the differentiator, though multi-product sprawl is also the execution risk.

Traction

~$9.5M
Contracted Pro Revenue (fwd 12mo) Internal
Per 2025-09-19 investor update
~400%
Revenue Growth YoY Web
Driven by acquisitions + new leagues
55+
Pro Leagues Under Contract Web
17 of top 20 globally per 2025-09-23 call Internal
~80%
U.S. Pro Schedules Powered Web
Up from 2 clients in 2024
942
Youth Tournaments Committed 2026 Internal
~$8K–$12K net revenue each; 2025-09-23 call
$24M
Forward 12-Mo Revenue Forecast Internal
Conservative case cited 2025-09-23; break-even targeted next year

Exit Potential

Strategic M&A
Likely Path
League/data-infra acquirer or growth-equity rollup
4–6 yrs
Time to Liquidity
Post-2025 Series A; extension already at $250M pre (3/20/26)
Multi-bagger
Return Scenario
$205M entry vs. $250M pre extension; upside on youth scale-up

Likely acquirers include sports-data and infrastructure players (Genius Sports, Sportradar), athlete/team platforms (Teamworks, Stack Sports), or the leagues and strategic investors already on the cap table (NBA, NHL, TMRW Sports). Comparable transactions support the strategic-buyer thesis: founder John Stewart's prior company MapAnything was acquired by Salesforce (reportedly $200M+) Internal; Genius Sports agreed to acquire Legend for up to $1.2B Web, and Sportradar acquired ImgArena for ~$225M Web.

Founders

John Stewart
CEO, Co-Founder
Multi-time entrepreneur. Founded an engineering services firm (2003) serving military aerospace/defense and exited it. Founded MapAnything (2009), acquired by Salesforce (2019). Talented fundraiser and strong executor; diligence calls flag that he runs at an unsustainable pace and can be spread thin across product lines. Pilot with 1000+ PIC hours.
Timothy Carnes
Co-Founder (Optimization) · HMC (Claremont)
PhD in Operations Research (Cornell); postdoc at MIT Sloan. Applies combinatorial-optimization techniques to real-world scheduling and logistics, the core of Fastbreak's scheduling engine. Harvey Mudd affiliation is the deal's Claremont network angle. Enjoys backpacking and mountaineering.
Chris Groer
Co-Founder
Operator and technologist (Vanderbilt) building Fastbreak.AI to modernize sports scheduling and logistics through applied optimization and data-driven infrastructure.

Open Questions & Risks

Next Steps

Latest Meeting Notes

2025-09-29 Founder Follow-up (written) John's diligence responses & investor list Expand
John Stewart's written answers to StoryHouse follow-up questions confirmed all investors participate on the same terms and shared the confidential $1M+ commitment list plus an official company description.
  • Same terms: confirmed all investors are participating on identical terms.
  • Anchor commitments: Woody Creek Capital $10M, NBA ~$3.49M, StoryHouse.VC $1M, plus Greycroft $250K and many family offices.
  • Positioning: "leading sports technology company" trusted by 55+ pro leagues including NFL, NBA, NHL; founded 2022, Charlotte NC.
Full Note

John's responses to follow-up questions. Confirmed all investors participate on the same terms. Provided a confidential list of investors committing $1M+ (not to be shared), including Woody Creek Capital $10M, NBA ~$3,493,049, StoryHouse.VC $1M, Rick Schnall $1M, Marsh Family Office $1M, Benson Family Office $1M, Everstar AWS Strategic $1M, Justin Quaglia SPV $1M, Stephen Belevino $1.4M, plus numerous smaller family-office and athlete checks (e.g., Larry Fitzgerald, Kelvin Beachum) and Greycroft $250K.

Business description provided: "Fastbreak AI is the leading sports technology company delivering AI-powered platforms for scheduling, event operations and sponsorship activation for pro and amateur sports organizations. Trusted by over 55 professional leagues around the world including the NFL, NBA, and NHL, Fastbreak also streamlines management and fan activation at youth tournaments across North America. Founded in 2022, headquartered in Charlotte, NC."

Source: Meeting Notes recgagqVT5MU7Zw3E
2025-09-25 Call Woody Creek + David Green — valuation & risk review Expand
Diligence call with Woody Creek Capital and family-office investor David Green (an early MapAnything/Fastbreak backer) on the $30M raise at $165M pre; StoryHouse and Miles aligned to proceed with the SPV after finding no material red flags beyond noted operational risks.
  • Valuation basis: David Green pulled 1,700 sub-$50M-revenue software transactions (median 10.88x NTM), applied a 35% discount to ~$24M projected revenue → ~$165–169M.
  • Downside: ~$10M pro-sports ARR on 10-year TV-linked contracts ~ $80M floor at 8x; 1.5x liquidation preference.
  • Risks: founder complexity, no CFO/weak accounting, one salesperson, single outside board member.
Full Note

Good call with Woody Creek Capital Partners (multifamily office) and family-office investor David Green, who previously backed Stewart at MapAnything and is helping lead a $30M Series A at a $165M pre-money valuation, with strong family-office demand and expected NBA participation. Green put $500K into the prior SAFE (20% discount, $80M cap) and is committing another $500K. Woody Creek's SPV raised $4M in 2 days; 12 family-office calls already scheduled.

Valuation framework: 1,700 PitchBook software transactions under $50M revenue, median 10.88x NTM revenue, 35% discount on ~$24M projected revenue = ~$169M; Jon's internal math ~$165M. A $110M takeout from Marsh Operating + Collins Family Office was declined. Downside protection: pro-sports contracts provide ~$10M revenue floor worth ~$80M at 8x, plus a 1.5x liquidation preference. Key risks: operational complexity across multiple product lines, weak accounting and no CFO, only one salesperson against heavy inbound, governance gaps (one outside board member), and key-person risk (Jon not very liquid personally, works at an unsustainable pace). Decision: Miles and Josh aligned to proceed with the SPV for LPs.

Source: Meeting Notes rec6eesfeqWsZMpAt
2025-09-25 Call Reference call — Woody Creek & David Greene background Expand
Background/reference call detailing the lead investors and reinforcing the valuation logic and governance concerns; next step was to proceed with the SPV and request needed information from John.
  • David Greene: early Fastbreak backer since MapAnything days (sold to Salesforce for $200M+ on ~$10M revenue); 20+ direct investments, youth-sports rollup Rocket Youth.
  • Valuation support: $165M framework, Promo7 VC "napkin" at $255M, $110M buyout floor received; ~$80M pro-sports value at 7–8x.
  • Governance: David/Tim recommend 3–4 outside board members; NBA holds trigger rights to participate.
Full Note

Woody Creek & David Greene background. David Greene: family-office investor and early Fastbreak backer since MapAnything; invested $500K in the prior SAFE (20% discount, $80M cap) and is committing another $500K; portfolio includes 20+ direct investments and youth-sports rollup Rocket Youth. Tim (Woody Creek): special-situations/distressed background expanding into growth; family-office + SPV model, typically contributes 10% minimum of SPV capital personally.

Thesis & valuation: fundraising momentum $20M+ toward $30M; Woody Creek SPV raised $4M in 2 days; $165M framework based on ~$24M projected ARR at 10.88x discounted 35%, with a Promo7 VC napkin at $255M and a $110M buyout floor from Marsh Operating + Collins Family Office. Pro-sports foundation ~$10M ARR on 10-year league contracts, ~$80M value at 7–8x. Operational/governance concerns: multiple product lines, DancOne inbound (10K+ competitions) with limited onboarding capacity, one salesperson, need for a CFO and accounting improvements, only one outside board member (recommend 3–4), and Jon's high-intensity work style. Next step: proceed with the SPV and request needed info from John.

Source: Meeting Notes recwV8MQpJkkUgpJq

Deal Timeline

Sources

  1. Fastbreak AI press release — $40M Series A led by Greycroft & GTMfund; NBA/NHL/TMRW Sports and athlete investors; product lines; 55+ leagues.
  2. PR Newswire — Series A confirmation and $55B youth sports industry framing.
  3. Sacra — ~400% YoY revenue growth, ~80% of U.S. pro schedules, TMRW Sports $10M, total funding $53.2M, pricing.
  4. MarketIntelo — youth sports technology platform market $2.1B (2025) → $6.4B (2034), ~13.2% CAGR.
  5. Verified Market Research — sports management software market ~$10.8B (2025) → ~$19.2B (2031), ~11% CAGR.
  6. SIGMA — Genius Sports / Legend acquisition (up to $1.2B) as sports-tech M&A comp.
  7. Tracxn — Sportradar / ImgArena (~$225M) acquisition comp.
  8. Jersey Watch — competitive landscape (SportsEngine, TeamSnap, LeagueApps, Stack Sports).