SportsTech Investment Recap – May 10th
This week’s investment recap highlights the potential massive takeover of Manchester United, new AI investment funds, and successful fundraising rounds in the Web3 & Esports sector.
Amazon acquires an AI company
According to recent reports, Amazon has acquired Snackable AI, an audio content discovery engine that uses AI to add structure and metadata to audio and video content.
EPL’s Everton F.C. are seeking new investment into the club
The report claims that the Premier League football club has held conversations with private equity firms MSP Sports Capital and 777 Partners about financing the club’s new stadium at Bramley-Moore Dock.
Billionaires eye F1 investment options after Jeff Bezos, Elon Musk hit Miami GP
Elon Musk and Jeff Bezos were spotted at the Miami F1 Grand Prix over the weekend. While F1 insiders have told The US Sun that a move to buy out current owners, the American based Liberty Media, is unlikely, there is a strong possibility both are keen to become involved in what is a boom time for the sport.
Israeli startup – Playsight – secure investment
Israeli sports technology company PlaySight has secured investment from APEX Capital as it seeks to expand its racket sport expertise into padel and pickleball. PlaySight’s SmartCourt AI technology is used by a variety of teams and institutions, including tennis federations, pickleball and padel facilities, NBA and MLB teams, and others.
Ashton Kutcher launches $240M AI investment fund
Sound Ventures, the venture-capital firm co-founded by Ashton Kutcher and music manager Guy Oseary, is looking to back “category-defining” artificial intelligence businesses. The VC firm announced that it has closed Sound Ventures AI Fund, oversubscribed at nearly $240 million. The fund seeks to invest in AI businesses at the foundation model layer. Currently, the fund’s portfolio of companies includes OpenAI, Anthropic and StabilityAI. Kutcher, Oseary and Effie Epstein lead Sound Ventures as general partners.