SportsTech Investment Summary

Startups Investment Recap – June 8

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 8

NFL Owner Robert Kraft Invests in Premier Lacrosse League

The Premier Lacrosse League has raised a new round of funding led by Arctos Sports Partners, New England Patriots owner Robert Kraft, and Brooklyn Nets owner Joe Tsai. The league will begin its third season on June 4; it will be its first since merging with Major League Lacrosse in December.

NBCU Completes Sports Tech Investments towards the Olympics

Comcast-owned NBCU culminated its inaugural SportsTech Accelerator program on Wednesday, investing $50,000 in each of 10 startups and blessing those startups with important broadcast activations just in time for the biggest event in global sports and advertising.

Chicago VC firm raising $100M to invest in sports-tech startups

KB Partners has so far raised $64 million, CEO Keith Bank said, adding that he expects the final close of the $100 million fund to take place this summer.

JSW Sports investing in new high performance institute and sports tech startups

JSW Sports, the sports arm of the US$12 billion JSW Group conglomerate, is putting into place a sports ecosystem to match its global peers, including a new sports institute.

FanCode, a sports content and commerce platform based in Mumbai, gets $50 million funding from parent Dream Sports.

FanCode, an in-house sports content and commerce platform with over 50 million users, secure a $50 million fund from parent company Dream Sports, that have raised $225 million during 2020.


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