RALEIGH – What happens when you get a group of former varsity tennis players with degrees from Harvard and UNC Chapel Hill together?
A fledgling tech startup focused on building an online platform for tennis instruction.
Enter TopCourt, an online platform that aims to give tennis player around the world a more” efficient and exciting” mechanism for learning the game.
Recently, the firm raised $139,964 in equity from five investors, according to a recent SEC filing. The round is still open and capped at $1 million – with some $860,000 remaining to be sold.
“It’s still three to four months away from launching,” TopCourt’s cofounder Taylor Meyer told WRAL TechWire, while remaining cagey about what they plans to do with funds.
UNC Tennis team members.
“Legal counsel has suggested we not describe in detail what the use of proceeds will be for for purposes of securities law compliance,” he said, adding: “At a high level, TopCourt will aim to continue to build out its team, launch the product, and produce content.”
This isn’t their first startup.
Meyer, along with Zach Hunter and Alex Rafiee, also founded Hyperspace Ventures, a software development and venture capital firm based out of Chapel Hill, which builds tech products for early stage ventures.
“We’ve worked with more than 50 clients this year, building web and mobile apps, database infrastructures, and more,” explained Meyer. “We now have seven companies in our portfolio that we have an equity position in — TopCourt is one of them.”
Another “exciting” portfolio, he said, is Learn to Win, an app founded by two UNC Chapel Hill graduates that turns team’s playbook and gameplan materials into an “interactive learning experience.”
“We invested in and developed the software for this venture. In the past twelve months they’ve progressed from just an idea to a multi-million dollar company,” said Meyer.
Members of Hyperspace Ventures, meanwhile, will serve on TopCourt’s board to help guide its launch.
CORRECTION: In an earlier version of this article, WRAL TechWire incorrectly reported that Hyperspace Ventures, not TopCourt, raised $140,000 towards this venture. We apologize for any confusion caused.
