About TopScore
TopScore enables people from all over the world to organize and participate in sports events. Our software is used by clients ranging from US Olympic Committee recognized national governing bodies to youth basketball leagues to power their homepage, communicate with players, and perform registrations, purchases, and payments.
When the first Olympic Games were held in Olympia in 776 BC with only one single event - a 200-yard footrace - it’s unlikely that the Greeks knew how organized sports would grow into such a pervasive aspect of modern culture. Sports organizations today have progressed a long way from the athletic competitions of antiquity, but unfortunately, many organizations are still stuck with archaic processes for managing members, accepting payments, and running their events.
Sports organizations today need modern software that make it simple to run their organizations. They need solutions that allow them to have a beautiful website without any technical knowledge. They need solutions that allow their users to register for events, view their schedules, and manage their memberships all from their smartphone, computer, or tablet. They need solutions that allow them to do all of this without them having to spend their time managing technology - because after all, they’re sports administrators, and should spend their time being sports administrators. TopScore provides solutions to all of these problems, and more.
TopScore is a targeted, activity- and sport-centric registration, organization, and member management SaaS platform for organizers, administrators, and participants around the world. TopScore's platform connects the many disparate interests in the sports world - national governing bodies, local organizations, apparel companies/sponsors, and users - with a unified platform that serves all of their interests. Having achieved validation of our product with hundreds of organizations, over 350,000 users, and over $30mm of event registration and membership transactions processed, we are looking to raise funds to scale the business quickly in this lucrative market.
Key Benefits:
- National Governing Bodies use TopScore to manage memberships, events, and merchandise. TopScore platform connects them with local clubs
- Local Organizations use the simple TopScore platform to manage their website front-end, e-commerce/payments, event management, and member management while benefitting from connection with NGB and Apparel Companies
- Apparel Companies/Sponsors sell gear directly to local league participants in their registration flows via the TopScore platform
- Users interact with the same system for many different organizations, and only maintain one account.
Upcoming Webinar: David Vatz, CEO of TopScore | Tuesday, May 16th at 1:30 pm EST
https://attendee.gotowebinar.com/register/5719988623805825793
Product & Service
TopScore is a Cloud-based software-as-a-service product used as an all-in-one, turn-key solution by sports organizations.
Our technology enables non-technical users and organizations to have a first-class, user-friendly web presence that handles all aspects of their organizations’ IT needs: from content management to registration, communication, payment process, results tracking, and more.
TopScore enables sport and activity organizations to focus on running events, while we take care of all of their IT needs for a small fraction of their budget.
TopScore is built using fairly standard web technologies, and this is a good thing! Specifically, we make heavy use of MySQL, PHP, JS (React), and (S)CSS.
All of TopScore’s code base is proprietary and fully-owned by TopScore.
Media Mentions
Team Story
TopScore was started around five years ago by two ultimate frisbee players, Jeremy Kauffman and Alex Grintsvayg, who were hired by their local league to build a website. Jeremy asked Alex, “what if instead of building one website, we build ten thousand?”, and a company was born.
TopScore has grown predominantly organically since then. Without raising any money and sometimes facing onerous or complex sales cycles, TopScore has grown at least 75% a year for every year of its existence.
In year 3, the company entered its adolescence with the addition of David Vatz and Vivek Deveraj, who helped the company scale its operations and grow beyond ultimate frisbee.
Today, TopScore is a team of 8 talented and driven people with a passion for sports and activities. All team members are past or active organizers and active participants, who deal with the challenges these organizations face first-hand.
Founders and Officers
One of Topscore's founders and CTO, Alex Grintsvayg brings over a decade of technical experience to the team. He is a full-stack developer, system architect, and sysadmin, all rolled into one. Alex has two B.S. degrees from RPI (Computer Science and Psychology), and even majored in CS while in high school at Stuyvesant. Offline, Alex is very involved in the ultimate community, both as a high-level player (recently earning a silver medal at the 2016 National Championship) and an organizer (organized multiple leagues in Philadelphia).
David Vatz
CFO
David Vatz is TopScore’s CFO. He joined the company in December 2014. David heads up all aspects of sales and finance for the company. Prior to joining TopScore, David was a Vice President at BNY Mellon in charge of Multicurrency Payments and Foreign Exchange products with over $50mm per year of revenue. David holds a B.S. degree in Marketing from the University of Pittsburgh. David is also the captain of the Pittsburgh Thunderbirds, a semi-pro Ultimate Frisbee team in Pittsburgh, PA.
Christian Jennewein is TopScore’s CEO. Christian Jennewein was previously the Head of Engineering at European unicorn BlaBlaCar in Paris. While at BlaBlaCar, Christian was responsible for scaling the overall engineering team & culture, a growing group of 100 engineers, testers, coaches and managers mainly located in Paris and Warsaw. Previously he worked for Symfony editor SensioLabs, French Google Maps competitor Mappy and as an early employee at Criteo. He has a German diploma in Computer Science, studied in Australia and is currently enrolled in an executive MBA program in Paris. Being also a sports enthusiast, he participated in several World and European championships with the German National ultimate Frisbee team and finished many Triathlons up to the half-Ironman distance.
Vivek Devaraj is TopScore’s COO. Vivek joined TopScore in November 2015 and oversees the product, customer, and operations functions at the company. Prior to joining TopScore, Vivek was a Vice President of Portfolio Strategy & Analytics at PNC Financial Services Group. Vivek holds a B.S. in Computational Finance from Carnegie Mellon University. Vivek is also on the Board of Directors for the nonprofit Community for Pittsburgh Ultimate, and served as its President for 3 years.
Alex Grintsvayg
CTO
One of Topscore's founders and CTO, Alex Grintsvayg brings over a decade of technical experience to the team. He is a full-stack developer, system architect, and sysadmin, all rolled into one. Alex has two B.S. degrees from RPI (Computer Science and Psychology), and even majored in CS while in high school at Stuyvesant. Offline, Alex is very involved in the ultimate community, both as a high-level player (recently earning a silver medal at the 2016 National Championship) and an organizer (organized multiple leagues in Philadelphia).
David Vatz
CFO
David Vatz is TopScore’s CFO. He joined the company in December 2014. David heads up all aspects of sales and finance for the company. Prior to joining TopScore, David was a Vice President at BNY Mellon in charge of Multicurrency Payments and Foreign Exchange products with over $50mm per year of revenue. David holds a B.S. degree in Marketing from the University of Pittsburgh. David is also the captain of the Pittsburgh Thunderbirds, a semi-pro Ultimate Frisbee team in Pittsburgh, PA.
Christian Jennewein
CEO
Christian Jennewein is TopScore’s CEO. Christian Jennewein was previously the Head of Engineering at European unicorn BlaBlaCar in Paris. While at BlaBlaCar, Christian was responsible for scaling the overall engineering team & culture, a growing group of 100 engineers, testers, coaches and managers mainly located in Paris and Warsaw. Previously he worked for Symfony editor SensioLabs, French Google Maps competitor Mappy and as an early employee at Criteo. He has a German diploma in Computer Science, studied in Australia and is currently enrolled in an executive MBA program in Paris. Being also a sports enthusiast, he participated in several World and European championships with the German National ultimate Frisbee team and finished many Triathlons up to the half-Ironman distance.
Vivek Devaraj
COO
Vivek Devaraj is TopScore’s COO. Vivek joined TopScore in November 2015 and oversees the product, customer, and operations functions at the company. Prior to joining TopScore, Vivek was a Vice President of Portfolio Strategy & Analytics at PNC Financial Services Group. Vivek holds a B.S. in Computational Finance from Carnegie Mellon University. Vivek is also on the Board of Directors for the nonprofit Community for Pittsburgh Ultimate, and served as its President for 3 years.
Notable Advisors & Investors
Jeremy Kauffman
Advisor, Jeremy is the CEO of LBRY and a board member of TopScore.
Q&A with the Founder
Frequently Asked Questions
About Side by Side Offerings
A Side by Side offering refers to a deal that is raising capital under two offering types. This Side by Side offering is raising under Regulation CF and Rule 506(c) of Regulation D.
The Form C is a document the company must file with the Securities and Exchange Commission (“SEC”) which includes basic information about the company and its offering and is a condition to making a Reg CF offering available to investors. It is important to note that the SEC does not review the Form C, and therefore is not recommending and/or approving any of the securities being offered.
Before making any investment decision, it is highly recommended that prospective investors review the Form C filed with the SEC (included in the company's profile) before making any investment decision.
Rule 506(c) under Regulation D is a type of offering with no limits on how much a company may raise. The company may generally solicit their offering, but the company must verify each investor’s status as an accredited investor prior to closing and accepting funds. To learn more about Rule 506(c) under Regulation D and other offering types check out our blog and academy.
Title III of the JOBS Act outlines Reg CF, a type of offering allowing private companies to raise up to $1 million from all Americans. Prior capital raising options limited private companies to raising money only from accredited investors, historically the wealthiest ~2% of Americans. Like a Kickstarter campaign, Reg CF allows companies to raise funds online from their early adopters and the crowd. However, instead of providing investors a reward such as a t-shirt or a card, investors receive shares, typically equity, in the startups they back. To learn more about Reg CF and other offering types check out our blog and academy.
Making an Investment in TopScore
When you complete your investment on SeedInvest, your money will be transferred to an escrow account where an independent escrow agent will watch over your investment until it is accepted by TopScore. Once TopScore accepts your investment, and certain regulatory procedures are completed, your money will be transferred from the escrow account to TopScore in exchange for your shares. At that point, you will be a proud owner in TopScore.
To make an investment, you will need the following information readily available:
- Personal information such as your current address and phone number
- Employment and employer information
- Net worth and income information
- Social Security Number or government-issued identification
- ABA bank routing number and checking account number (typically found on a personal check or bank statement)
If you are investing under Rule 506(c) of Regulation D, your status as an Accredited Investor will also need to be verified and you will be asked to provide documentation supporting your income, net worth, revenue, or net assets or a letter from a qualified advisor such as a Registered Investment Advisor, Registered Broker Dealer, Lawyer, or CPA.
An investor is limited in the amount that he or she may invest in a Reg CF offering during any 12-month period:
- If either the annual income or the net worth of the investor is less than $100,000, the investor is limited to the greater of $2,000 or 5% of the lesser of his or her annual income or net worth.
- If the annual income and net worth of the investor are both greater than $100,000, the investor is limited to 10% of the lesser of his or her annual income or net worth, to a maximum of $100,000.
Separately, TopScore has set a minimum investment amount of US $0.
Accredited investors investing $20,000 or over do not have investment limits.
After My Investment
You are a partial owner of the company, you do own shares after all! But more importantly, companies which have raised money via Regulation CF must file information with the SEC and post it on their websites on an annual basis. Receiving regular company updates is important to keep shareholders educated and informed about the progress of the company and their investment. This annual report includes information similar to a company’s initial Reg CF filing and key information that a company will want to share with its investors to foster a dynamic and healthy relationship.
In certain circumstances a company may terminate its ongoing reporting requirement if:
- The company becomes a fully-reporting registrant with the SEC
- The company has filed at least one annual report, but has no more than 300 shareholders of record
- The company has filed at least three annual reports, and has no more than $10 million in assets
- The company or another party purchases or repurchases all the securities sold in reliance on Section 4(a)(6)
- The company ceases to do business
However, regardless of whether a company has terminated its ongoing reporting requirement per SEC rules, SeedInvest works with all companies on its platform to ensure that investors are provided quarterly updates. These quarterly reports will include information such as: (i) quarterly net sales, (ii) quarterly change in cash and cash on hand, (iii) material updates on the business, (iv) fundraising updates (any plans for next round, current round status, etc.), and (v) any notable press and news.
Currently there is no market or liquidity for these shares. Right now TopScore does not plan to list these shares on a national exchange or another secondary market. At some point TopScore may choose to do so, but until then you should plan to hold your investment for a significant period of time before a “liquidation event” occurs. A “liquidation event” is when TopScore either lists their shares on an exchange, is acquired, or goes bankrupt.
You can return to SeedInvest at any time to view your portfolio of investments and obtain a summary statement. If invested under Regulation CF you may also receive periodic updates from the company about their business, in addition to monthly account statements.
Other General Questions
This is TopScore's fundraising profile page, where you can find information that may be helpful for you to make an investment decision in their company. The information on this page includes the company overview, team bios, and the risks and disclosures related to this investment opportunity. If the company runs a side by side offering that includes an offering under Regulation CF, you may also find a copy of the TopScore's Form C. The Form C includes important details about TopScore's fundraise that you should review before investing.
For offerings made under Regulation CF, you may cancel your investment at any time up to 48 hours before a closing occurs or an earlier date set by the company. You will be sent a reminder notification approximately five days before the closing or set date giving you an opportunity to cancel your investment if you had not already done so. Once a closing occurs, and if you have not canceled your investment, you will receive an email notifying you that your shares have been issued. If you have already funded your investment, your funds will be promptly refunded to you upon cancellation. To cancel your investment, you may go to your portfolio page
If you invest under any other offering type, you may cancel your investment at any time, for any reason until a closing occurs. You will receive an email when the closing occurs and your shares have been issued. If you have already funded your investment and your funds are in escrow, your funds will be promptly refunded to you upon cancellation. To cancel your investment, please go to your portfolio page.
