SportsTech Investment Summary

Startups Investment Recap – October 15

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.

Oxigen closed a $15M Series B funding round

Oxigen, the pH balanced water boosted with oxygen, announced the closing of a $15 million Series B funding round backed by Cleveland Cavaliers forward Kevin Love and multi-platinum recording artist Brett Eldredge. The announcement comes on the heels of Golden State Warriors guard Steph Curry being named an investor and owner of the brand in August. The Series B raise will almost exclusively be utilized for marketing and advertising expenses as well as increasing U.S. distribution. Originally founded in 2014 as Formula Four Beverages Inc, Oxigen has positioned itself as a lifestyle brand in the premium functional water category.

Hyperice completed a Series A funding round for $48M

Performance technology company Hyperice has completed a Series A funding round for $48 million, which puts the firm at a $700 million valuation.The funding includes a list of prominent athlete-investors, including NBA stars Anthony Davis, Chris Paul, Russell Westbrook, and DeAndre Jordan, new Philadelphia 76ers coach Doc Rivers, and tennis star Naomi Osaka. Hyperice will use the funds to expand its artificial intelligence capabilities to enhance its new HyperSmart technology and app. The company specializes in performance recovery products including its Hypervolt massagers which targets soft tissue pain and muscle recovery.

Thirdverse raised $8.5M in Series A funding

Thirdverse, the virtual reality game developer behind “Swords of Gargantua,” has raised $8.5 million in Series A funding. The round was led by JAFCO, with participation from Presence Capital, Sisu Ventures, and Incubate Fund, and will be used for hiring. Thirdverse was founded in Tokyo in 2019 as Yomuneco, but relaunched as Thirdverse in June. The company is currently focused on multiplayer virtual reality games, but its ultimate goal is to combine virtual reality with blockchain technology to create “VR worlds” where people can create online communities.

Condense Reality raised a seed round of more than €875K

Condense Reality, a virtual reality startup developing technology to transform how viewers watch live entertainment and sports, has raised a seed round of more than €875K. The round was led by SFC Capital and the remaining funds come from two grant awards, as well as from smaller commitments from RLC Ventures and angel investors. The investment will see Condense Reality increase its R&D capabilities and commercialise its technology over the next 12 months. Founded in 2019, Condense Reality has developed a system for streaming hologram-style 3D “volumetric video” of live events alongside a normal television broadcast.

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