SportsTech Investment Recap – April 25th
This week’s investment recap highlights 2 potential massive sport club takeovers, as well as successful fundraising rounds in the Web3, Esports, and Data analytics sectors.
NHL’s Senators set to sell for $1Bn
When the Ottawa Senators are sold, the final price is expected to set an NHL record. The Senators were anticipated to fetch around $800 million when they hit the market in November, but sources told Front Office Sports that bidding so far has already eclipsed that mark — and could even hit $1 billion.
Saudi Arabia’s PIF interested in buying another soccer team
Saudi Arabia’s Public Investment Fund is looking to add to its expansive portfolio of sports properties. The PIF is reportedly in talks to buy Belgian soccer club KV Oostende. The club, which plays in Belgium’s second-division soccer league, could be bought for around $12 million.
Karate Combat closes $18M round
Karate Combat has raised $18 million to fund its full-contact martial arts league that features combatants in immersive CGI environments. The league’s (mixed reality) XR technology, powered by Epic Games’ Unreal Engine, represents the next step in blending real-time virtual effects with live sports.
Flow secures $3M in seed funding
Introducing Flow: The Game-Changing NFT Ecosystem Set to Revolutionize the NFT Market. Aggregator Beta Launches on Ethereum Mainnet. Groundbreaking AI and Rollup-Centric Roadmap Unveiled; Anticipated Token Launch on April 30.
Durham-based Teamworks raises $65M
Teamworks, a software-as-a-service (SaaS) company that serves elite sports and tactical organizations globally, has announced a Series E funding round that raised $65m led by Dragoneer Investment Group.