SportsTech Investment Summary

Startups Investment Recap – November 25

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.

BRIKL has secured €2M in growth funding

BRIKL, one of the world’s first end-to-end 3D design and ecommerce software platforms, has secured €2 million in growth funding from Saffelberg Investments. The company will use the funds to enhance its suite of software products aimed at the sports and team wear industry and expand into packaging and consumer goods sectors. BRIKL was founded in 2017 in Belgium, with offices in the US, Thailand, Mexico and Germany. BRIKL is a powerful and innovative hybrid platform that combines cutting edge design software, on-demand production and ecommerce. Using a simple point and click interface, custom designs can be created for any complex 3D form imaginable.

KINEXON has signed a €15M venture debt loan

KINEXON, a Munich-based IoT company that develops hardware and software, has signed a €15 million venture debt loan from the European Investment Bank (EIB). The loan, which is supported by the European Fund for Strategic Investments, will be meted out in three chunks upon completion of some pre-defined milestones. The financing will help the German startup expand in Europe, the US and Asia and also fuel product development, namely data analytics and artificial intelligence. KINEXON enables performance analytics, injury prevention and “next-generation” fan engagement. According to a press release, the company serves more than 100 sports teams and leagues worldwide, including over 75 percent of NBA teams in the US.

Jay-Z and Novak Djokovic invest in CLMBR

CLMBR, a leader in connected fitness technology, announced that Grammy Award-winning artist, Jay-Z, and star tennis player Novak Djokovic, have joined the CLMBR investment team to support the 2021 launch of CLMBR Connected and CLMBR Pure vertical climbing machines. Their participation continues to build on CLMBR’s reputation as an innovator in the fitness and lifestyle industries. CLMBR is an ergonomic and innovative vertical climbing machine. It’s the first vertical climber to feature a large-format touch display with on-demand, instructor-led classes. It also offers a state-of-the-art companion app to display key metrics, including vertical feet climbed and workout targets reached.

Statespace has announced the close of a $29M Series B financing

Statespace, the training platform for gamers, has announced the close of a $29 million Series B financing led by Khosla Ventures. This comes just six months after the announcement of a $15 million Series A funding, also led by Khosla, with participation from FirstMark. Founder and CEO Wayne Mackey described the funding as pre-emptive as the company experiences a growth spurt alongside the broader gaming industry. Statespace has jumped from 2 million registered users and 500,000 monthly active users in May to 5 million total registered users and 1.5 million monthly active users today. The company also has plans to launch a product called The Academy, which lets users pay for courses that are taught by top streamers and players.

Fnatic has announced a new $10M internal funding round

Major esports organization Fnatic has announced a new $10 million internal funding round and plans to launch a crowdfunding campaign to raise a further $1.3 million. The internal round of funding was led by Beringea with participation from existing investors Unbound, LVL1 Group, JHD as well as key management. The new round of investment will be used to further grow the already massive Fnatic brand and maintain Fnatic’s place at the top of many esports, as well as hire a new CFO. It also brings the total amount of investment in Fnatic to almost $35 million. The crowdfunding drive will allow fans and small scale investors to own a piece of Fnatic, with the minimum investment expected to sit around the $22 mark.


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