Hang is an NYC-based provider of a direct-to-consumer sports platform that builds fan-celebrity community experiences. The company's product powers virtual watch parties around major sports events, letting fans interact with athletes, performers, and influencers while watching on their own devices. Hang reports driving 800,000 views of each virtual watch party and has connected more than 22 million young sports fans since its founding in September 2021. Led by CEO Jon Klein and CTO Lorne Greene, the company plans to use its new funding to accelerate product development and audience growth. Hang aims to expand its position in the sports media category. The business recently raised $9.2M in Series A financing. Hang produces interactive live virtual watch parties that gather current and former star athletes and celebrities to watch events while facilitating audience interaction — the company emphasizes streaming the "chatter" around games rather than the game feed itself. Its production combines social-media style engagement with professional remote live video production and sometimes a physical gathering (for example, renting a house in LA for players). Hang leans on experienced media and virtual-event operators, including founder Jon Klein and partner Lorne Greene, and uses talent wranglers like Teresa Villano to assemble players who know and enjoy each other. In only four months of operation the company has booked $750,000 in sponsorship revenue and has raised $3.5 million in funding. Hang is currently seeking an additional $10 million to accelerate growth. The team plans to expand the format beyond sports into other live-event verticals (politics, award shows) and pursue branded sponsorship and localized corporate events.

Total raised

$13M

Funding rounds

2

Latest round

Series A

Latest activity

Nov 2023