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
Techstars Spotlight: Software platform courts easy-to-manage litigation data
Amid a digitized world, the legal industry is among the “last frontier” for tech, Thadd Hale said. “There is a lot of opportunity in the legal space,” said Hale, co-founder and CEO of Vector Legal Method. “Litigation as a whole is not very structured or standardized. As you can imagine, lack of standardization can be…
Techweek KC to feature local leaders, hiring fair, grant competition
Techweek is a natural fit for Kansas City, Amanda Signorelli said. “Kansas City is one of the country’s most influential, up-and-coming tech hubs,” Signorelli, Techweek CEO, said in a release. “The community has given Techweek a warm welcome.” The Chicago-based conference series, which focuses on innovation and entrepreneurship, returns to the City of Fountains for…
Events Preview: Tech CEO Speaker Series, ECJC sales series
There are a plethora of entrepreneurial events hosted in Kansas City on a weekly basis. Whether you’re an entrepreneur, investor, supporter, or curious community member — we recommend these upcoming events for you. Are you hosting a relevant community event? Add it to the KCSourceLink Calendar for increased exposure. Email info@kcsourcelink.com for assistance. Animal Health…
LaunchKC reveals 2017 finalists for $500K grant pool
LaunchKC on Friday announced 20 finalists vying for $500,000 in grants. The popular grants contest will award eight startups each a $50,000 non-dilutive grant and one firm a grand prize of $100,000 after a live pitch competition at Techweek Kansas City on Sept. 15. Techweek Kansas City is scheduled from Sept. 11 to Sept. 15…