SportsTech Investment Summary

Startups Investment Recap – February 9

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 9

Midnite raises $16M to develop Gen Z-focused esports betting apps

The funding round was led by the Raine Group, while existing investors are reported to have increased their investment in the London-based company.

Fitness app Future raises $75M in Series C funding round

San Francisco-based fitness app Future has secured $75 million in a funding round that included Kevin Durant’s Thirty Five Ventures, Philadelphia 76ers, Harris Blitzer Entertainment and golfer Rory McIlroy.

Tennis Hall of Famer Nick Bollettieri invests in coaching app Bounx

Sports tech platform Bounx recently announced a collaboration agreement and subsequent investment by legendary tennis coach Nick Bollettier.

Entain acquire Avid Gaming, including Sports Interaction, in a £174M deal

Entain has announced the acquisition of Avid Gaming that includes leading Canadian online sports betting and gaming brand Sports Interaction.

MTG sells ESL Gaming to Savvy Gaming Group for $1.05B

ESL Gaming, the world’s largest independent esports company, has been acquired by Savvy Gaming Group in an all-cash transaction.

Sidelines secure $25M with plans to expand in the US market

Israel-based sports tech startup Sidelines are poised to expand in the US after raising $25 million in a funding round led by investment firms NFX and MoreTech.

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