SportsTech Investment Summary

Startups Investment Recap – June 11

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.

Tictrac secured a $7.5M funding round 

Tictrac secured a £6 million ($7.5 million) funding round. The round was led by London-based Puma Private Equity, bringing its total investment to date to £13.5 million ($17 million). The latest round will allow the company to expand its Employee Wellbeing platform for its thousand-plus customers. It will also now expand its Enterprise platform, which enables insurance companies and health providers to engage their customers in their health and tailor relevant products and services to them. Existing investors of Tictrac include world-class tennis champion Andy Murray and American NBA player Carmelo Anthony.

Hamburg-based Bepro raises €8.8M in additional funding

Hamburg-based sports analysis platformת Bepro, announced securing an additional €8.8 million in funding. The round included participation from Altos Ventures, Softbank Ventures, Saehan Ventures, Springcamp, and Miraeasset Ventures. Bepro will use the additional funds to develop their football tech and expand internationally. The company created a football analysis platform that is made to support professional and semi-professional sides, helping them to find a competitive edge. 

TeamSnap announced raising $5.5M in convertible notes

TeamSnap announced a $5.5 million convertible notes financing. The round was led by Foundry Group and Bolt Ventures. The funding comes as TeamSnap prepares for sports activities to return after the global shutdown. TeamSnap is a leader in sport management technology and supports over 22 million users, 3 million unique teams and 19,000 clubs across more than 100 different sports and activities. Sport organizations, teams, players and families use TeamSnap’s innovative technology everyday to sign up, schedule, communicate, collect payments and coordinate everything for the sports season.

Luckbox received an investment from American football player Luis Robles

Esports bookmaker Luckbox has received investment from American football player Luis Robles. This investment comes after the company announced its intentions to list itself publicly on the TSX Venture Exchange earlier this week. The bookmaker is preparing to go public on the TSX Venture Exchange after signing a letter of intent with Elephant Hill which would see all of its issued and outstanding common shares be acquired by the capital pool company.

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