Malcolm Lemmons’ Post

"15 sports startups raised millions through their pitch decks, showcasing the booming opportunities in the sports industry. From tech innovation to sports betting, the market is ripe for disruption. Check out the key takeaways and insights from their successful funding rounds. #SportsStartups #PitchDecks #FundingSuccess"

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

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

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

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

It's harder than ever to raise funds this year. #privateequity raised 21% less in 1H 2023 year over year. But two areas that investors are still drawn to are #livesports and #artificialintelligence, thanks to sports' enduring hold on viewers and the promise of AI to automate tasks. Sports-focused Bluestone Equity Partners is backing an AI-driven video platform in a new $45m deal to capitalize on both trends. Read the deal details and where Bluestone hopes to take the technology next, in Business Insider: https://lnkd.in/ez7kdUic

Exciting news! Robinhood secures a partnership agreement with the prestigious KLUTCH Sports, headed by the formidable Rich Paul. Robinhood, a leading US neobroker, has recently inked a significant partnership with KLUTCH Sports Group. This collaboration designates KLUTCH Sports and its Property Sales division as Robinhood's agency of record, focusing on partnerships within sports and entertainment sectors. Additionally, KLUTCH Sports' Founder and CEO, Rich Paul, has been appointed as a tactical brand advisor for Robinhood. Paul's role involves guiding Robinhood's marketing endeavors in sports, entertainment, and media while working collaboratively with Vlad Tenev, Robinhood's CEO and Co-Founder, to unearth fresh, innovative partnership prospects at the nexus of sports and business entrepreneurship. Robinhood's new venture with the KLUTCH Sports team aims at unlocking various opportunities with personalities from sports, entertainment and business entrepreneurship, further enhancing Robinhood's reach beyond conventional finance and technology spheres. #Partnership #Innovation #SportsAndBusiness

Looking for SportsTech Investors This newly developed, Innovative Mobile App and Website is in Beta phase having successfully launched in early 2024. Seed Capital raised in the original funding round has got it to a proven, commercial position. This SportsTech startup now invites well connected, credible investors and investment portfolios or specialist investors from the SportsTech field to express their interest. Perhaps a sports marketing agency or technology investor with experience in this sector that has relevant industry contacts for advertising. This App is Created by a tech specialist, backed by an ex-investment banker and supported by a sports Please contact us directly on LinkedIn and I'll put you in contact with the Managing Director of the firm. Funds can be from multiple sources and sums from 25K - 1Mil considered. Target of 1Mil US investment of interest. #sportmarketing #sportstech #sportsinvestment #investors #technologyinvestors #techfunding The picture is representative of sport not the type of sport it relates to.

#CA-based ALT Sports Data secures $2.5million in seed #funding. This round was co-led by Eberg Capital and Relay Ventures, with additional participation from Trinity West Ventures, NuFund Venture Group and several notable sports and technology industry veterans. ALT Sports Data is at the forefront of #utilizing proprietary data to activate a growing wave of new sports #enthusiasts. Their mission revolves around building the most extensive database and league portfolio in #alternative sports, offering a gateway for sports book #operators to tap into an audience of over 83 million potential bettors in the United States alone, with a global reach exceeding 1 billion. This funding round comes as ALT Sports Data has secured 17 official league rights deals and 35 commercial #agreements. With early revenue being generated across three fronts: data, demand generation, and league services; and the #infrastructure built and now proven, in 2024, these funds will be utilized to efficiently scale the #business. ALT Sports Data is the leading source of official and #unofficial alternative sports trading data unlocking millions of #participatory fans and potential bettors for #sportsbook operators, media platforms and event producers. ALT Sports Data, Inc. Eberg Capital Relay Ventures Trinity West Ventures, LLC NuFund Venture Group Simon Sokol Joe Dunnigan To share your startup story write us on - [email protected] #altsportsdata #funding #startup

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.