Startups Investment Recap – May 27
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.
SeventySix Capital Invests in HYPE Competition Winners, FORTË
Sports tech venture capital firm, SeventySix Capital, is helping to build the future of fitness with its latest investment in FORTË. SeventySix Capital’s investment will accelerate FORTË’s ability to power more fitness studios and gyms, and provide their members quality, professional and curated fitness experiences. FORTË is an end-to-end white-label digital technology platform and subscription-based streaming platform for fitness studios. Through innovative partnerships, FORTË enables fitness studios to easily create high-quality content and broadcast it directly to their members.
Hudl, Announces Growth Investment from Bain Capital Tech Opportunities
Hudl, the industry-leading sports performance analysis platform, announced an investment from Bain Capital Tech Opportunities, along with existing investors, to further accelerate the Company’s growth while helping talent thrive around the world. Financial terms of the private investment were not disclosed. Founded in 2006, Hudl is the most widely used video analysis and scouting software solution in sports, with a media library of over one billion videos. More than 6 million coaches and athletes in 139 countries use Hudl products and services, including 160,000 teams across 35 sports.
Fan Data Management Platform Pico Announces $3 Million Investment Round
Fan data management platform Pico has announced a $3 million investment round led by German VC firm RSBG Ventures and Hong Kong-based investment firm Silverhorn Group. Pico’s AI-powered platform generates targeted games and survey questions for fans to answer to help sports teams learn more about their fans. Pico works with more than 30 sports teams including the NBA’s Los Angeles Clippers and Philadelphia 76ers, the NHL’s St. Louis Blues and New Jersey Devils, German soccer club Borussia Dortmund, and Winnipeg Blue Bombers of the CFL. The company was founded in Israel and has since established offices in Europe and the U.S.
T1 Entertainment & Sports invests in esports analytics startup Mobalytics
T1 Entertainment and Sports has made an investment in Mobalytics, an esports analytics startup devised to improve player performance. The companies’ initial focus for the partnership is on VALORANT, with Mobalytics’ previous experience in Riot Games’ other titles likely to come in handy. Mobalytics won the TechCrunch Disrupt Battlegrounds in 2016 and has multiple partnerships with games publishers. Now, as partners of T1, Mobalytics will be expanding to all of Riot Games’ titles. According to the release, in addition to VALORANT and supporting T1’s heralded League of Legends team, Mobalytics will also do work around Legends of Runeterra and TeamFight Tactics.
Statespace raised a $15 million Series A round
Statespace raised a $15 million Series A financing round led by Khosla, with partner Samir Kaul joining the board. Existing investors, such as FirstMark Capital, Lux and Expa, also participated in the round, as well as newcomer June Fund. Statespace will use the funding to continue growing the team, which has doubled since raising $2.5 million in August of 2019. The company launched out of stealth in 2017 with a product called Aim Lab, which recreates the physics of popular FPS games to help players practice their aim and work on their weaknesses. Anyone from an average gamer to a professional can use Aim Lab to improve.
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