Startups Investment Recap – August 18
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.
Startups Investment Recap – August 18
Extended reality training company, StatusPro, has partnered with NFL MVP Lamar Jackson and raised a $5.2 million seed round
The startup incorporates player tracking data into augmented and virtual reality to simulate practices and games, is in use by several NFL teams.
Sportradar Going Public at $10 Billion Valuation
Sportradar has an agreement to go public at a $10 billion valuation. Should the deal go through, it will be the biggest sports-related SPAC merger in history.
Sports merchandise company Fanatics now valued at $18 billion with new investors including hip-hop mogul Jay-Z
Sports merchandise company Fanatics secured a $325 million money raise to expand into new sectors within its parent umbrella. It’s now valued at $18 billion, sources told CNBC.
Dream Sports launches mega $250 million fund to invest in sports tech startups in India
Dream Sports, which owns fantasy sports platform Dream11, has made an initial allocation of $250 million for its corporate venture capital and acquisitions arm, Dream Capital to invest in sports, gaming and fitness-tech startups.
Hong Kong promises HK$1 billion in sports investment after record Olympic medal haul
The funding injections will include HK$1.1 billion for the city’s official professional sports training institution, and a sports fund managed the the Hong Kong Jockey Club.
Investors Are Looking For Home Runs Among Sports Tech Startups
Through the first eight-plus months of 2021, $786.8 million of venture capital has been invested in the industry in 103 announced rounds. Will this year sports-tech investments overcome the $1.4 billion record the industry saw in 2020?
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