FOR IMMEDIATE RELEASE
Contact: Casey Ramage
EdjAnalytics Closes $2.2 Million Oversubscribed Equity Funding Round
LOUISVILLE, KY (MARCH 8, 2018) – EdjAnalytics, a leading data science and prescriptive analytics firm focused in the sports, healthcare, workforce and services verticals, has announced the closing of a $2.2 million round of equity funding.
EdjAnalytics was founded on the premise that a group of expert data scientists working on a diverse array of complex problems creates a breadth of experience, valuable across multiple industry verticals. EdjAnalytics’ game-based approach analyzes pools of data and enables organizations to make decisions based on the highest probability of achieving their goals. This empowers faster and more accurate decision-making with proven predictive and prescriptive analytics models and custom software systems. This new capital will support EdjAnalytics’ expansion into workforce planning, using its predictive power to help businesses better manage their employees across the spectrum of pay grades and skill levels.
Louisville-based Chrysalis Ventures led the funding round, which was joined by individual local investors.
“We continue to receive incredible support from this community. Accomplishing 100% of the equity round through local investors is a testament to the collaboration for tech development in Louisville and the successes we’ve seen in both EdjAnalytics and EdjSports divisions,” said Sean O’Leary, EdjAnalytics’ CEO and Co-Founder.
“Sean is a proven entrepreneur with a great track record of providing analytical business decision tools that provide decision makers with clear data-driven choices. It is fun to work with him again in the growth of another successful data analytics business,” said Wright Steenrod of Chrysalis Ventures.
EdjAnalytics plans to double the team throughout 2018 for both corporate and sports divisions.
“EdjSports is receiving vast momentum, due to the success of EdjFootball, our NFL and NCAA prescriptive analytics suite of tools and we have already begun discussions with industry-related growth equity funds and strategic investors,” continued O’Leary.
EdjAnalytics was founded on the premise that a team of expert data scientists working on a diverse array of complex problems creates a breadth of experience valuable across multiple industry verticals. Today, EdjAnalytics empowers smarter decision-making with proven game-based analytical models and custom software solutions in the sports, healthcare, workforce and services verticals. EdjAnalytics’ game-based approach analyzes pools of data, helping organizations make decisions based on the highest probability of achieving their goals. For more information, visit www.edjanalytics.com.