SportsTech Investment Recap – August 10th

Harry Kane Invests in OxeFit, Fitness Startup Passes $45M in Funding

English Premier League soccer star Harry Kane has become the latest athlete to invest in OxeFit, an at-home workout machine powered by artificial intelligence. OxeFit has now raised more than $45 million in total funding, and its sales have increased 200% year-over-year, the company said. 

Bluestone Equity Partners invests ‘US$30m’ in venue tech firm PMY Group

Global sports, media and entertainment private equity firm Bluestone Equity Partners has invested in sports technology specialist PMY Group.

John Kosner – “There Are Reasons To Be Positive in the Rapidly Changing RSN Industry”

It has been a challenging year for the regional-sports-network industry. As multiple RSN groups face financial difficulties due to the rapidly changing economics of the business, the industry finds itself at a turning point.

Tonal Raises $130M After Big Value Drop

The high-end at-home fitness company announced $130 million in new funding and a change of leadership.

The funding round valued the company between $550 million and $600 million, according to the Wall Street Journal — a steep drop from its $1.6 billion valuation in 2021.