SportsTech Investment Summary

Startups Investment Recap – Mar 4

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.

Sports betting startup ZenSports raises an additional $770K+ in seed funding

An investment of $770K+ by angel investors brings ZenSports’ seed round to over $1M. This is after the company, mobile peer-to-peer sports betting marketplace, raised $675K in October 2019. Founded in 2016, ZenSports is a California-based mobile peer-to-peer sports betting marketplace where anyone can create and accept sports bets with anyone else in the world, without the need for a centralized bookmaker.

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Sports Tech VC SeventySix Capital announces an investment in LineLibrary  

SeventySix Capital announced an investment in LineLibrary, a Chicago-based company that is building the next innovative sports betting platform to serve customers around the world. LineLibrary will use SeventySix Capital’s funding to advance its in-house product development and engineering capabilities. LineLibrary also announced onboarding industry veteran Jeff Urban as their President.

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Sports performance start-up Output Sports raises €1.3 Million in seed investment

Output Sports announced that it’s secured an impressive €1.3 Million seed investment funding round led by the Atlantic Bridge University Fund, with Elkstone Partners, Enterprise Ireland joining the round. The Irish sports tech company was founded in 2018 and has already seen significant global success. Its “Output // Capture” sensor systems are already being used by several premier league football teams, professional rugby groups, and Olympic athletes across the UK, Ireland, and the US.

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Sports publishing platform Minute Media raises a round of $40M 

Minute Media announces a $40 million round led by London based Dawn Capital. The additional funding will go be used to continue investing in its publishing platform; to invest in properties that it already owns, and to make more acquisitions. The current round brings the total raised by Minute Media to $160 million, and increases its assumed valuation to around $400-$500 million. The company developed a platform that brings in user-generated content across a number of its own mostly-sports-based media properties, which it then syndicates to third-party publishing partners.

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