Startups Investment Recap – June 1st
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 – June 1st
Done Deal! Todd Boehly-Clearlake consortium completes £4.25bn takeover of Chelsea
The £4.25 billion acquisition led by the co-owner of Los Angeles Dodgers, Todd Boehly, brings an end to Russian-Israeli billionaire Roman Abramovich’s 19-year tenure as Chelsea owner.
Esports Fan Engagement startup STAN secures $2.5M in seed funding round
Led by General Catalyst, Blockchain-based esports fan engagement startup STAN plans to use the funds to launch its platform and partner with prominent gaming organizations and players across India and other countries.
Smart Sportswear company OMORPHO closes $6M seed funding round at a $26M valuation
Leading Sports tech VC, KB Partners, led the seed funding investment in OMORPHO, a leading fitness company revolutionizing training with micro-weighted sportswear.
Spain-based smart WiFi technology developers Galgus raises €4M for International expansion
Deployed in many sporting venues, Galgus specializes in the development of a smart WiFi technology that optimizes network performance and provides advanced geolocation analytics.
Pixellot is reportedly raising $161M at $500M valuation!
Israel-based leading automated sports video production company Pixellot is reportedly raising $161 million for the expansion of its sports streaming services in Asia and Latin America.
Gametime secures $30M funding led by the owners of Golden State Warrior, Philadelphia 76ers and San Francisco Giants
Gametime, an aggregated ticketing marketplace which is designed for last-minute buyers, said the investment led by the influential will accelerate product development and expand its efforts to reach younger ticket buyers.
Italian Serie A Giants – AC Milan – Confirm Takeover
AC Milan has officially confirmed RedBird Capital’s takeover of the club after Elliott Management decided to sell the majority of their shares, confirmed this Wednesday morning.
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