Yogesh Jadhav’s Post

In 2023, sports tech racked up over $37 billion in M&A and financing deals, according to Drake Star. That’s a ton of momentum, especially with 790 private financing deals—up from 752 last year—driven mainly by early-stage companies. Sure, the competition for funding is tougher now than it was a few years back, but that hasn’t stopped exciting new ventures from popping up. Just look at Breanna Stewart and Napheesa Collier's 3-on-3 league, Unrivaled, Tiger Woods and Rory McIlroy's TMRW Sports, and the sports-betting content platform SoBet. With so many fresh ideas in play, the sports industry is set for an exciting future! #VentureCapital #Startup #SportsInvestments

Technology is changing how leagues/teams operate and how fans consume sports. And the money is following great ideas. In 2023, the sports tech sector saw $37B in deals and $7B in new money raised for investment funds. 2024 will probably be another strong year of funding as well. But raising capital as a founder isn't for the faint of heart. It takes: - Persistence - Persuasion - Product - Patience - Passion (Plus a great pitch deck) Check out these 17 sports startups and the pitch decks they used to raise millions from investors. #sportstech #sportsbusiness #investing

Ashley Rodriguez and I reached out to top sports VCs and other investors asking for two promising startups — one they've invested in and one they haven't. We compiled a list of 25 startups innovating in sports, from companies developing AI for pro teams to fledgling leagues to hormone testing that could help female athletes. They're changing the game in media, betting, venue security, memorabilia, and more. Read the full list for Business Insider: https://lnkd.in/ezfuQ3Kt

Estonian Scorestars raises €725K to expand their fan engagement platform to new markets Scorestars, a Tallinn-based basketball fan engagement platform, recently secured €725K in a seed funding round led by Trind Ventures, Startup Wise Guys, 3 Comma Capital SCR, SA, and Estonian angel investors. The platform enables fans to collect digital cards of their beloved athletes and participate in a fantasy game, offering prizes from VIP experiences to gadgets. With the funding, Scorestars plans to expand its operations to new markets, execute marketing campaigns, and recruit talent to solidify its position as the go-to “second screen” for sports fans, aiming to engage a younger audience by providing real-life experiences as rewards and amplifying the platform’s voice in the sports community. https://lnkd.in/dft2iCJp #balticmade #estonia #funding #sportstech #fantasysports #sportsfanplatform #startups #trending

Impressive news about SoBet's seed funding! Securing $3.7 million demonstrates strong investor confidence in their vision. Analyzing their pitch deck reveals critical strategies. Emphasizing their unique value proposition for bettors and creators likely resonated with investors. Highlighting market potential, user engagement, and growth metrics are essential for convincing stakeholders. As a professional tip, ensuring that your pitch deck clearly communicates your business model, revenue streams, and scalability can significantly impact funding success. SoBet's achievement underscores the importance of a well-crafted narrative and solid market positioning.

Greenfly, the digital content management platform, has secured $14m in fresh venture capital funding. Leading investment is coming from ADvantage, the sports tech investing fund associated with the Dassler family of adidas renown. Participants in the latest funding round include the National Basketball Association (NBA), Ryan Sports Ventures and new formed AI fund ($400m) of Mercato Ventures. Existing sports investors Elysian Park Ventures, Verance Capital and Iconica Partners have increased their stakes during the latest round alongside more unnamed current investors. Greenfly software deals with the aggregation, real-time capture, organisation and the distribution of digital media. Current clients of Greenfly are National Hockey League (NHL), Major League Baseball (MLB), NBA, National Women's Soccer League (NWSL) and more, all using Greenfly for short-form content. In 2023, an investment round ended up valuing Greenfly to be worth $42.05m according to S&P Capital IQ database and Greenfly have raised approximately $40m to this day. ADvantage partner Jeremy Pressman said, “Short-form content is increasingly central to the fan experience and represents a massive revenue opportunity for teams, leagues and brands over the next decade.” #sports #sportsmedia #sportscontent #digitalcontent #greenfly #ADvantage #nba #nhl #nwsl #mlb

A ton of money is flowing into the sports industry right now, and if you're curious about what types of startups and technologies received funding in the first half of 2024, check out my most recent article!

Vikrant Mudaliar, CMO of Dream Sports, recently spoke at the YouTube Brandcast 2024, discussing Dream11's journey to becoming a platform that connects over 220 million sports fans. Over the past decade, Dream11 has not only pioneered the fantasy sports category but also helped turn passive fans into active fans. By staying true to our vision to Make Sports Better with the objective of engaging sports fans and building strong communities, we continue to drive both fan engagement and growth. YouTube Google #DreamSports #Dream11 #YouTubeBrandcast2024 #FantasySports #Marketing #MarketingOfficer #Digital #SportsPlatform #Journey #Startup #IndianStartups #YouTubeIndiaBrandCast2024 #GoogleIndia #DigitalMarketing #CommunityBuilding #FanEngagement #DigitalInnovation #ContentCreation #SportsFans

SeventySix Capital is a venture capital firm focused on sports innovation. They've successfully sold companies like VSiN and Vigtory to industry leaders like DraftKings and FuboTV. Their Sports Advisory service guides teams and brands in the dynamic sports landscape. The Athlete Venture Group lets players invest in sports tech startups. Stage: Early, Seed, Series A Sector: Sports Tech, Esports, and Sports Betting Investment Geography: United States Notable Investments: ASENSEI, Boomerang, collectID, epoxy.ai

In a move aimed to define the soccer technology landscape, Iterpro and Vamos Venture Partners have announced a strategic partnership designed to expand their footprint in the United States. This collaboration brings together two industry leaders with a shared vision for advancing the game of soccer through Iterpro’s advanced sport-tech solution and Vamos Venture Partners’ expertise in strategic business development and consulting. David Ricca, founder of Vamos Venture Partners: We are thrilled about our strategic partnership with Iterpro. Together, we’re poised to revolutionize the tech landscape, combining our expertise, networks, and passion for innovation. Marco Savino, CEO & founder of Iterpro: Partnering with Vamos Venture marks a pivotal step for Iterpro, enabling the widespread adoption of our revolutionary technology across the US market, from grassroots organizations to professional teams. https://lnkd.in/dwfRbQVK #soccer #Football #USA #USExpansion #VamosVenture #DigitalInnovation #SportsTech #SportsAnalytics #SportsBusiness #SportsBiz #iterpro