SportsTech Investment Summary

Startups Investment Recap – July 22

Hello HYPE readers!

Welcome to your bi-weekly recap where we come to you with all the green goodness in the startup investment sector. Let’s dive in.

Liteboxer is launching an at-home connected boxing fitness machine

Liteboxer is launching with a platform that was built from the ground up to give users the chance to get an exciting boxing workout at home. Liteboxer is a free-standing replacement for the heavy bag, which is equipped with a lighting system that guides the user through a workout of their choice. Liteboxer has raised a total of $6 million in funding, with $2 million coming from a friends and family round, and $4 million coming from a seed round led by Will Ventures. Other investors include Raptor Capital and Camros Capital.

Athlane raises $3.3M in capital

Athlane, a Y Combinator startup connecting streamers and brands, raises $3.3M in capital. Investors include Y Combinator, Jonathan Kraft (New England Patriots), Michael Gordon (President of Fenway Sports Group), Global Founders Capital, Romulus Capital, Seabed VC and more. Athlane is looking to be the connective fiber between streamers and brands, facilitating sponsorship and endorsement deals with more transparent data and analytics and a streamlined communications flow, and has products for both brands and streamers.

RacketPal secures £150k in pre-seed funding

RacketPal has secured £150k in a pre-seed funding round to support its aim of helping more than 1 billion racket sports players meet their ideal playing partners. The firm has secured the funding from fintech investor and tennis enthusiast David Kasper, and aims to use the investment to enhance its existing proposition. RacketPal was founded in London in July 2019 by Robert Rizea and Bogdan Demeny, and allows players to connect through its app.

Kedaara Capital has entered the fray as a potential investor in Dream11

Private equity firm Kedaara Capital has entered the fray as a potential investor in Dream11, a fantasy sports platform. The online gaming unicorn had announced its plans to raise $150-200M in funding at a $2-2.2B valuation before the coronavirus lockdown, however, it put those plans on a back burner. Other interested private equity firms include TPG, Advent International, James Murdoch’s Lupa Systems and Chrys Capital. Dream11 has had five funding rounds since it was founded in 2008 and reached unicorn status in April 2019 with an investment from SteadView Capital.

The Equalizer Games LLC raises $100k in funding

The Equalizer Games LLC raised $100k in funding from ArlanWasHere Investments. The funds will go toward The Quarterback Equalizer, a state-of-the-art virtual training game for quarterbacks and coaches. It was created by John Tomlinson, the co-founder of Equalizer Games and a former NFL coach. The Quarterback Equalizer provides football training that helps quarterbacks improve their ability to read defensive coverages, make quicker game-winning decisions, refine passing accuracy, and execute offense faster and more successfully.

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