SportsTech Investment Summary

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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