Startups Investment Recap – June 16th

AI tennis tracking system Wingfield raises €4m for US expansion

Wingfield, the AI tennis court solution which has been used on the grass courts of Wimbledon, has raised €4 million in Series A funding round to grow its business in Europe and expand into the US market.

Smart fabric startup Nextiles secures $5M to develop next generation fitness trackers

Nextiles, a smart fabric technology for athletes, announced a $5 million seed round led by Drive by DraftKings, with participation from the NBA, Madison Square Garden Sports Corp., Alumni Ventures, SmartSports, Phoenix Capital Ventures and Newlab.

NBA star Spencer Dinwiddie’s Web3 social marketplace startup Calaxy raises $26M

Calaxy, a web3 social marketplace co-founded by NBA star Spencer Dinwiddie, has raised $26 million in bid to reinvent the way celebrities and fans interact.

Saudi Arabia acquires $1 billion stake in gaming giants Embracer Group

Saudi Arabia’s Public Investment Fund (PIF) – through its subsidiary Savvy Gaming Group, has purchased a $1 billion stake in Embracer Group, acquiring 8.1% of the company’s shares.

Danish AI camera startup Veo targets further expansion after raising $80M

The Series C funding round will particularly support Veo’s expansion in the United States, where its camera system is already used by more than a half-dozen MLS clubs.

Play-to-earn gaming startup Atmos Labs raises $11M to build Sports Metaverse

Led by Sfermion, the $11 million funding will be used to accelerate the development of its sports metaverse, grow its community, and expand the Atmos team.