Elysian Park Ventures leads funding round for Snap Mobile

Elysian Park Ventures led a $90M funding round for Snap Mobile, the parent company of Snap Raise, a fundraising platform for youth sports teams and clubs. The new capital is expected to allow Snap Raise to develop financial management software to support athletic and arts programming for high schoolers. Elysian was founded in '14 by the Dodgers ownership group, which includes Mark Walter, Todd Boehly, Magic Johnson and Peter Guber. The investment company holds stakes in about 35 companies, including DraftKings, Rawlings, Religion of Sports and SeatGeek. The investment is the second funding round for Snap, which has helped groups raise more than $430M since launching in '14.