ShotTracker raises $10.4M round featuring former NBA Commissioner David Stern
May 16, 2018 | Bobby Burch
Merriam-based ShotTracker is fueling its global expansion via a large funding round featuring several high-profile investors.
The sports tech company announced Wednesday that it raised a $10.4 million Series A financing round led by Ward.Ventures, NBA commissioner David Stern and two-time National League home run champion, Ryan Howard. The round also includes Greycroft, Elysian Ventures, KC Rise Fund, Irish Angels and SeventySix Capital.
ShotTracker co-founders Davyeon Ross and Bruce Ianni.
The injection of new capital brings ShotTracker’s total funding to more than $21 million, which includes an investment by NBA legend, Earvin “Magic” Johnson.
ShotTracker’s TEAM system tracks multiple players with an array of sensors — secured to each player, within each Spalding basketball, and in the rafters — plotting the games’ shots in real time.
ShotTracker will use the funding for growth and scalability to increase installations in courts around the United States and to solidify global partnership opportunities, said Davyeon Ross, co-founder and COO of ShotTracker.
“This additional funding allows ShotTracker to execute on its vision and accelerate the proliferation of our product across the market,” said Ross. “Whether you’re a fan, a player, a coach, a broadcaster or a market maker – ShotTracker is changing the overall experience of the game. There are significant changes happening in sports and ShotTracker is poised to capitalize on those industry changes with its real-time data.”
In March, the company released its new ShotTracker fan app for the Division 1 NAIA basketball tournament. The app combines real-time analytics with augmented reality in a first-of-its-kind fan engagement tool that displays game and player information on fans’ smartphones.
ShotTracker recently earned a bronze Edison Award in the category of “Digitized Data.” The tech is being used by the University of Kansas, the University of Oklahoma, TCU, Baylor and several other top collegiate basketball programs.
ShotTracker was co-founded by Ross and Bruce Ianni. To learn more about the firm, check out the video below.
2018 Startups to Watch
stats here
Related Posts on Startland News
Proyecto de $3.5M del HEDC trae coworking, cocinas y cultura al Westside (Fotos)
Un nuevo proyecto del Centro para Iniciativas Urbanas quiere ayudar a limitar el riesgo para los empresarios emprendedores de Kansas City con ingreso bajo a mediano, Michael Carmona dijo. (Read this story in English. Click here.) “Estamos investigando las maneras en que pueden empezar y crecer empresas sustentables con las pocas ganancias que tienen para…
$3.5M HEDC project bringing coworking, kitchens, culture to Westside (Photos)
A new Center for Urban Enterprise project is expected to help limit risk for Kansas City’s low- to moderate-income entrepreneurs, Michael Carmona said. (Lea este artículo en español. Haga clic aquí.) “We’re looking at ways they can start and grow sustainable businesses with the little income they have as far as startup capital,” said Carmona,…
Confused about Tuesday’s KCI airport vote? Here’s the breakdown
Update: The votes are in! And turnout was high for a mid-term election! Check out Startland’s coverage of Tuesday’s KCI airport vote by clicking here. After more than five years of deal-making and debate, the time has come for Kansas City, Missouri, voters to decide the fate of the city’s current 45-year-old airport. On the…
GEW hopes to spark innovation, connections among entrepreneurs
Global Entrepreneurship Week is about helping businesses that start in Kansas City stay in Kansas City, Jenny Miller said. And it’s for more than the traditional “startup” crowd, the network builder at KCSourceLink said. “GEWKC connects people who may not identify as ‘entrepreneurs’ – those who may think of themselves as makers, creators, freelancers, artists,…