Denver-based startup, PlayCoed.com, a social utility for recreational sport, was recently acquired by New York-based Sportsvite.com for an undisclosed amount.
PlayCoed.com is a recreational sports community of men and women over the age of 21. It allows players to find teams and leagues, register, check schedules, establish rules, and communicate with other players, captains and organizers. The site also caters for sports organizers who have access to a host of features such as scheduling, registration, and communication.
Mike Downey founded PlayCoed.com in 2005, out of his need for a utility for organizing his sports activities, as well as a “Facebook” for recreational sports. Mike grew PlayCoed.com to 35,000 users until the time of acquisition by Sportsvite.com (Sportsvite.com raised $2 million in funding in 2007 from Grace Drive Management). At the time of acquisition, PlayCoed.com was profitable with revenue streams from sponsorships and small surcharges on payment processing.
Congratulations to Mike and his team at PlayCoed.com in Denver.