Fastbreak AI Announces $40 Million in Funding

Fastbreak AI, an AI-driven sports operations software company, has secured $40 million in Series A funding. Investors in the round include Greycroft and GTMfund, with participation from the NBA, NHL and TMRW Sports, as well as professional athletes including PGA Tour golfers Patrick Cantlay and Kurt Kitayama, and former NFL players Larry Fitzgerald Jr. and Luke Kuechly.

Fastbreak AI has been working on scheduling solutions for professional sports leagues, computing the schedules and fixtures for the top leagues including the NBA, NHL, AFL, Serie A, MLS and over 55 leagues worldwide. The company’s product works to create balanced, fair schedules that reduce travel and optimize ticket sales and TV viewership to enable leagues to turn their schedules into assets for revenue growth, fan engagement and storytelling.

The company has also expanded into amateur sports, working with national governing bodies such as USA Taekwondo as well as youth sports organizations such as Lightning Basketball.

“We’ve shown what’s possible by setting a new standard of innovation in professional sports, and now we’re bringing that same momentum to amateur sports,” Fastbreak AI CEO John Stewart said. “This funding fuels our work across both levels of the game, accelerating innovation in pro sports while building the connected infrastructure youth sports has long needed. Our focus is on eliminating time spent on logistics to empower sports organizations to create amazing experiences for players, fans and families.”

Fastbreak’s product for amateur sports, Fastbreak Compete, is designed to help event organizers run more efficiently, reduce the cost of participation and improve the experience for athletes and families including help with schedule creation, registration management, team travel, ticketing, communications and onsite event execution.

“Fastbreak is advancing the operational infrastructure of the $55 billion youth sports industry,” said John Elton, partner at Greycroft. “The company’s technology has already demonstrated strong utility and adoption within professional sports, improving efficiency and data-driven decision-making. We believe Fastbreak’s innovative platform positions it well to support youth tournament organizers and the athletes they serve — helping streamline event management and enhance the overall experience of competition.”