SportsTech Investment Summary

Startups Investment Recap – February 24

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.

Startups Investment Recap – February 24

DAZN group secure $4.3B investment from Access Industries

The multi-billion deal includes Access Industries subscribing to a further US$250 million in new shares post-recapitalization.

Fanatics teams up with Jay-Z to acquire Mitchell & Ness for $250M

Following the $250 million deal, Fanatics will own 75% of the lifestyle brand with other investors taking 25%.

Red Bull seal $150M sponsorship in largest Crypto Sports deal

Formula One team Red Bull Racing have signed partnership agreement with cryptocurrency exchange firm Bybit worth more than $150 million over a three-year period.

New Zealand Rugby seal NZ $200M investment from US private equity firm Silver Lake

The investment will see Silver Lake put NZ$200 million ($134 million) into a joint commercial entity, which will remain majority-owned by New Zealand Rugby.

WSC Sports raises US$100m in Series D funding round

Led by ION Crossover Partners (ICP), WSC’s existing investors, including Intel Capital, O. Tech and Dan Gilbert’s Detroit Venture Partners, also participated in the latest funding round.

Fitness App FitOn secures $40M in Series C funding round

The digital fitness company FitOn has also acquired Tampa-based corporate wellness platform Peerfit.

Interactive rowing company Avirom secure $18.5M Series A funding

Gamified rowing firm Avirom has raised $18.5 million in Series A funding led by Global Founders Capital and Formic Ventures.

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