SportsTech Investment Summary

Startups Investment Recap – Mar 19

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.

Output Sports has closed a €1.3M seed funding round

Output Sports, a sports wearables and analytics start-up based in University College Dublin, has closed a €1.3m seed funding round. Leinster rugby players Adam Byrne and Dan Leavy are joining the round that includes the Atlantic Bridge University Fund, Elkstone Partners, and Enterprise Ireland. Output Sports developed its Output // Capture technology uses advanced signal processing and machine learning in a single wearable sensor to test multiple aspects of athletic performance, and are planning to use the funding to introduce its technology to the elite and sub-elite sporting markets in the UK and Europe.

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Bharti Airtel announced acquiring 10% equity stakes in Spectacom Global

Telecom major Bharti Airtel Boosts Its Health And Fitness Offering by acquiring 10% equity stakes of digital health content firm, Spectacom Global. The financial details of the round were not disclosed. In a statement announcing the investment, Bharti Airtel said that it would provide Spectacom its platforms to deliver exclusive digital health fitness content, which will help in spreading awareness and adoption of fitness.

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Horizon Blockchain Games raises $5M

Horizon Blockchain Games is using blockchain technology to shift up the idea of ownership in games, and they’ve raised another $5 million to get it done. The new funds are added as an extension to a $3.75M seed round they raised last year. The round is led by returning investors Initialized Capital, and backed by Golden Ventures, DCG, Polychain, CMT Digital, Regah Ventures and ConsenSys. The company is pursuing two routes in parallel, building an Ethereum-powered platform called Arcadeum to determine in-game ownership, and building out its own game – a digital trading card game called SkyWeaver.

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Sonantic raises €2.3M to bring ‘human-quality’ artificial voices to games

Sonantic, a U.K. startup that has developed “human-quality” artificial voice technology for the games and entertainment industry, has raised €2.3 million in a funding round led by EQT Ventures. The company was founded in 2018 to disrupt the global gaming and entertainment voice industry. Sonantic has developed artificial voice tech that it claims is able to offer “expressive, realistic voice acting” on-demand and can capture “deep emotions across the full spectrum”.

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