LocalRaces is an event management platform that provides technology to create experiences and make event management profitable.
Business Model:
Revenue: $0
Employees: 1-10
Address: 407 S Pennsylvania Ave Ste 209
City: Joplin
State: MO
Zip: 64801
Country: US
WE PROVIDE RACE DIRECTORS THE TECHNOLOGY TO CREATE EXPERIENCES PARTICIPANTS WILL LOVE AND TO MAKE EVENT MANAGEMENT EASIER AND MORE PROFITABLE. LocalRaces.com is more than online race registration and event management software in the $2 billion endurance event market. Our technology creates a great event experience for runners, cyclists, and triathletes. From driving new participants, to collecting data insights that result in better decisions, to offering timesaving automated processes that sets our clients apart from their competition, we make managing endurance events more efficient and profitable. The company acts as a payment facilitator for both race directors and managers of running and cycling clubs. We process race participant, sponsor, and club member registrations, both online and onsite, utilizing our mobile credit card readers. The company charges a $1.50 + 6% processing fee to registrants, while providing in-kind event management SaaS solutions to the race directors. Our all-in-one web-based software suite includes registration, volunteer, sponsor, advertising, and vendor management solutions. Athletes sign up for our clients’ events and clubs on LocalRaces.com, the nation’s largest network of local running and cycling communities, where we host thousands of event, club, and trail profiles in all 381 U.S. metropolitan areas. We provide every registered athlete web-based tools and mobile applications to manage their upcoming race itineraries, past results, club memberships, personal records, goals, and training runs and rides. The company generates additional revenues from our network of media properties via featured event paid listings, display ads, and from 3rd party offerings to our registered athlete database of highly affluent consumers in the $8 billion running shoe and apparel market. Our sites and mobile applications are powered by our proprietary LocalRaces API, which aggregates race event, trail, club, and athlete meta data supplied by athletes, race directors, other event engines, race result databases, and training applications like Strava and Garmin. Opening our API to 3rd party web and mobile app development will generating additional registrations and ad revenues.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 6/2016 | Grant | 1 | $150k |
Missouri Technology Corporation Missouri Technology Corporation |
12/2015 | Seed Round | $200k | 8/2014 | Seed Round | $150k | 7/2016 | Equity | - | 7/2016 | Equity | - |
Missouri Technology Corp Missouri Technology Corp |
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