Street FC Update | Shark Tank Season 17

Community soccer in the USA is quickly disappearing and becoming too structured and expensive. This is far different from what Kyle Martino was used to growing up, especially with the World Cup coming to North America in the summer.

Kyle is taking the initiative by introducing Street FC, a street soccer club built around organized pickup games on public courts, just the way he enjoyed it back in the day. Will he get a deal from the sharks? Find out in our Street FC update and pitch recap.

If you’re short on time, here’s a quick overview of what happened to Street FC after Shark Tank.

Kyle entered Shark Tank Season 17, seeking $250,000 for 2.5% equity in his app for hosting soccer pick-up games. After his pitch, he made a deal with Alexis Ohanian for $250,000 for 3% equity plus 2% in advisory shares.

In terms of a Street FC update, after the episode aired, the company received lots of interest from soccer lovers across the United States.

Shark	Result
Alexis Ohanian	Accepted offer of $250,000 for 3% equity plus 2% in advisory shares
Kevin O’Leary	$250,000 for 7.5% equity
Lori Greiner	No offer
Daymond John	No offer
Kendra Scott	No offer

Shark Tank Street FC Pitch

• Entrepreneur: Kyle Martino
• Business:  An app for hosting soccer pick-up games
• Ask: $250,000 for 2.5% equity
• Result: $250,000 for 3% equity plus 2% in advisory shares
• Shark: Alexis Ohanian

After a career-ending injury at 28, Street FC grew out of Kyle’s search for what came next.

Coming to Shark Tank, Kyle’s mission is make soccer easier to play across the United States. The focus is not on youth leagues or formal facilities. It is pickup soccer, organized and elevated.

Kyle shared that soccer has shaped his entire life. He played at the highest levels, from college to Major League Soccer and the U.S. men’s national team.

However, he said his love for the game started much earlier. It began on school blacktops and neighborhood courts. Those unplanned games created a community. Over time, that world disappeared. Street FC was built to bring it back.

The business operates through a mobile app. Players download the app, create a profile, choose their city, and select a game. Once they arrive at the court, a trained game captain runs the session.

The captain provides professional-grade equipment, manages the game, and welcomes players by name. The goal is to turn pickup soccer into a reliable, high-quality experience.

Street FC uses a subscription-based model to generate revenue. Players pay $35 per month for unlimited play or $50 per month for a premium tier with added perks. There is also a $10 pay-per-game option for new or casual players.

Currently, they have about 14,000 active users and expect to host roughly 15,000 games this year.

The company currently runs games in over a dozen cities and hosts more than 400 games per month on underused public courts.

The sharks seemed impressed, except for Mr Wonderful, who was curious to know why the company was valued at $10 million.

Two years ago, the company made just under $500,000. Last year, it reached nearly $1 million. This year, revenue is tracking above $1.1 million.

Kyle says that he partnered with Nike, and they are helping them fund branded street courts with no equity involved.

Daymond John is the first shark out, saying he lost so much in the past after failed soccer license promises went south.

Kendra Scott followed, saying she did not feel she had the expertise to help in the soccer space. Lori Greiner also passed, saying other partners might be a better fit.

But hope came in for Kyle when Kevin made an offer for $250,000 for 7.5% equity, calling it a long-term bet on Kyle’s belief in the sport.

Alexis Ohanian, on the other hand, countered with $250,000 for 5% equity.

Kyle countered Alexis for $250,000 for 3% equity plus 2% in advisory shares. Interestingly, Alexis accepted, and the deal closed.

Keep reading our Street FC update to find out what happened next for his company.

Shark Tank Street FC Update

Our Street FC update found that the deal with Alexis looks to be heading in the right direction. Alexis acknowledged them publicly after the episode aired and seemed excited about the deal in a recent Instagram post.

Further, shortly after their episode aired, the company received lots of interest from thousands of soccer players across the United States.

If you’d like to be a part of this exciting, growing community of soccer lovers, get the app today from Apple’s App Store or visit their official website to learn more.

Once the dust settles, we will be back with another Street FC update.

For more updates from Shark Tank Season 17 Episode 10, be sure to check the links below:

• Crowd Compass Update
• Left Field Update
• Screen Skinz Update

Before you go, be sure to check out our list of all the Shark Tank Season 17 episodes.