Startups Investment Recap – May 11

Genius Sports buys Second Spectrum in US$200m deal

London-based sports data and technology company Genius Sports has announced its second acquisition in the space of a week after agreeing to purchase data tracking and visualization specialist Second Spectrum.

Sportsdigita Receives Second Investment Round With FinTech Leader PEAK6

PEAK6, a financial technology business, announced today the completion of additional investment in Sportsdigita, a sales enablement technology company founded by Angelina Lawton.

OTT platform Recast sees valuation hit US$29m on back of US$8.2m Series A investment

Edinburgh-based sports over-the-top (OTT) platform Recast has seen its valuation grow to US$29 million after raising US$8.2 million in its Series A funding round.

Four lessons for dealmakers investing in sports

Henry Smith, a partner at risk management firm Control Risks, offers some guidance for would-be investors seeking to unearth opportunity among sport’s post-pandemic rubble.

Global Sports-Tech Market Projected To Reach Nearly $41 Billion By 2026

The global sports techmarket size was valued at $11.70 billion in 2020 and is expected to register a compound annual growth rate (CAGR) of 16.8% from 2021 to 2028 according to Grand View Research..

Paddy Power gambles on new sports betting venture

Paddy Power is betting that his new tech startup, a virtual stock market for sports betting called ASX, will be worth at least €10m within 18 months.

Supersapiens Closes $13.5 Million in Early-Stage Funding

Supersapiens, US-based sports technology company focused on energy management systems, raised $13,500,000 from CM Ventures and 8 other investors