CALGARY, Alberta, June 20, 2018 (GLOBE NEWSWIRE) — StellarAlgo, a SaaS data analytics company that helps sports and entertainment organizations maximize the engagement and lifetime value of their customers, is pleased to announce that they have raised a $1M investment round. This is the first significant raise for StellarAlgo. Investors for this round include the Accelerate Fund II Limited Partnership and several prominent angel investors, including James Lochrie.
Porsche has taken a 10 percent stake in Rimac Automobili, a technology and electric sports car business from Croatia, the luxury car maker said Wednesday. Zagreb-based Rimac Automobili develops and produces components for electric vehicles and manufactures “electric super sports cars.” At the Geneva Motor Show in March, the Croatian business showcased the most recent iteration of the C Two, a two seater “electric hypercar” that can reach a top speed of 256 miles per hour. The vehicle can achieve an 80 percent battery charge in only 30 minutes.
NBA and Intel Capital Emerging Technology Initiative will Identify Potential Partnership and Investment Opportunities with New Technologies at the Cutting Edge of Sports and Entertainment. At the Intel Capital Global Summit 2018, the NBA and Intel Capital announced the “NBA + Intel Capital Emerging Technology Initiative” The NBA and Intel Capital will jointly identify and evaluate global technology companies for potential investment and other collaboration opportunities. The multiyear collaboration targets technology disruption in the sports and entertainment industries
PlayVS, a high school esports startup in the United States, has received $15 million worth of investments from the likes of famed rapper Nas, the San Francisco 49ers, NBA All-Star Baron Davis, Twitch COO Kevin Lin, and New York Jets offensive tackle Kelvin Beachum, among others, to introduce esports programs across the United States. PlayVS will introduce esports programs to 5,000 high schools and five million students, with the participating schools and esports titles to be announced in July. PlayVS will be accommodating three genres of esports titles—MOBAs, fighting games, and sports games
British tennis star Andy Murray has made an investment in a UK-based tech start-up app ‘Deuce’, aiming to make the sport more accessible and affordable for everyone. This will be the first tennis specific investment for the 31-year-old with three grand slam titles and two Olympic golds, who already has stakes in over 30 startups within his expanding investment portfolio.
Deuce is the brainchild of 45-year-old Matt Willcocks, former tennis director at Gosling Sports Park in Hertfordshire. The app matches players with coach-led sessions and courts at nearby clubs and parks, allowing users to select their location and book a local court or training session where they will find someone to hit with all at the swipe of a button. The startup has said that it is committed to improve the level of Tennis at the grassroots level by removing barriers such as cost, access to courts, finding friendly clubs, as well as people to play with, by matching players of any age or ability to local tennis access.
Playerhunter is a networking and scouting platform for the next generation of football stars giving everyone an equal opportunity to fulfill their dreams. Our aim is to empower the world’s 265 million players to take control of their own careers, disrupting an old fashioned and intransparent 400 billion euro industry.
Canadian-based sports, gaming and entertainment company FansUnite Entertainment Inc. (“FansUnite”) (https://fansunite.io/) completed a private placement for $4,457,750 to accelerate development of their sports betting protocol and the FansUnite Sportsbook. The FansUnite Protocol is an industry standard for sports betting and sports data applications built on the Ethereum blockchain.
Sports Flashes was founded in August 2016 by Raheja, an entertainment and sports professional with more than 20 years of experience, and Keshaw Sinha, an entrepreneur and IT veteran. Raheja has been associated with the Commonwealth Games, World Kabaddi League, International Indian Film Academy Awards, and Indian Premier League, among others. Sinha is no longer with the firm.
Overland Park-based ShotTracker announced on Wednesday a $10.4M Series A financing round. This most recent round brings the company’s total funding to more than $21M, including an investment by NBA legend, Earvin “Magic” Johnson.
The Series A round was led by Ward.Ventures, with former NBA commissioner David Stern and two-time National League home run champion, Ryan Howard, as well as Greycroft, Elysian Ventures, KC Rise Fund, Irish Angels and SeventySix Capital.
ShotTracker, co-founded by basketball and technology experts Davyeon Ross and Bruce Ianni, is a revolutionary basketball technology that captures stats and analytics.
The technology uses a sensor-based system that automatically captures statistical and performance analytics for an entire team in real-time during practice and games.
Sensors are installed in the rafters that map the court in 3D while tracking the locations of a sensor-enabled ball and lightweight player sensors. ShotTracker enables coaches to make fact-based adjustments on the fly.
“ShotTracker has become the leader in delivering basketball statistics and analytics for every level of the game and we’re proud to support the next stage of growth,” said investor David Ward.
Sports is one of the biggest drivers of traffic and engagement on the internet, and today a startup leveraging this, plus the popularity of user-generated content and a back-end infrastructure built to handle scale, is announcing a significant round of funding to take its sports media platform global.
Minute Media — which provides user-generated sports articles and videos from some 5,000 contributors that then gets distributed by brands like Sports Illustrated, as well as on Minute Media’s own sports websites that collectively attract between 80 million and 90 million users per month — has raised $17 million in funding, capital that it will use to expand into new markets like China as well as start to formulate its next steps for tackling other content beyond sports.
This Series F was led by Goldman Sachs, La Maison and Vintage, with participation from existing investors. Previous backers have included Battery Ventures, Dawn Capital, Qumra Capital, Pro7 and North Base Media, and this latest round brings the total raised by Minute Media to $77 million.
Asaf Peled, Minute Media’s founder and CEO, said the startup is not be disclosing its valuation, but according to figures from PitchBook, it appears to be around $200 million. Peled noted that the 80-90 million audience the startup has today is on the back of a growth rate of 130 percent in 2017.
Venture capital firm General Catalyst Partners is leading a $15 million funding round in sports software maker Teamworks, whose clients include the National Collegiate Athletic Association and Adidas Team Sports. General Catalyst is spearheading a series B funding round in Teamworks, the venture capital firm confirmed in an emailed statement. The round includes capital from existing investor Seaport Capital as well as DUMAC Inc., the investment arm of Duke University, the firm said. The enterprise value wasn’t disclosed
“Sports is a strong growth sector yet it has been wildly underserved in tech innovation,” General Catalyst Managing Director Holly McConnell said in the statement. “We were motivated to invest in Teamworks by the greenfield opportunities, its chance to create a category-defining platform, but even more so by the team.”
OurCrowd, a Jerusalem-based equity crowdfunding platform said Thursday it has launched a $50 million venture fund, Advantage, which focus solely on sports technology. The fund will be backed by the Adi Dassler International Family Office. Adi Dassler was the founder of German multinational sportswear manufacturer Adidas. OurCrowd and the German sports accelerator leAD, set up by the Dassler family, set up a joint accelerator last year to identify sports-related startups.