Fancred has raised $3 million to expand its social network for sports fans

Founded in August 2012, Fancred calls itself the world’s fastest growing sports social network. While that claim may be a stretch, the fact that Fancred just raised $3 million to go with its existing $1.5 million financing round should go a long way in making the company a worthy destination for sports fans to consume information and interact with others who have like minded interests. The completion of the new $3 million financing round was announced today and led by existing shareholders Atlas Venture and Militello Capital, as well as first time participant Breakaway Innovation Group. Boston-based Fancred developed a mobile application, currently available only for the iPhone, that brands itself as a tool that allows fans to capture their favorite sports moments. It offers a combination of services that larger social media applications provide — checking in at events, uploading photos and sharing articles — however, Fancred is all about sports, nothing else.