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
UMKC eyes ‘final four’ of Enactus contest attracting thousands of student entrepreneurs to KC
Kansas City will soon become the entrepreneurial epicenter for a national, collegiate competition and conference challenging young innovators to do good in their communities. From May 21 to 23, Kansas City will host more than 2,000 entrepreneurial college students for the Enactus United States National Exposition. Founded in 1975, Enactus challenges students from more than…
Kauffman VP hops on national TV to discuss gaps in entrepreneurship
The Ewing Marion Kauffman Foundation’s vice president of entrepreneurship recently took to national television to examine declining startup rates. CNBC recently featured Victor Hwang to discuss the trend in declining startup rates, including generational gaps, cultural shifts, limited access to capital and the impact of regulations. “It’s hard to pin it down exactly,” Hwang told…
Techstars KC is moving into WeWork Corrigan Station
Techstars Kansas City on Monday announced the location of its new accelerator facility. Starting July 1, the accelerator group will set up shop on the 5th floor of WeWork Corrigan Station. The 40,000 square foot coworking space is located in the heart of the Crossroads Arts District, piggybacking off of the district’s entrepreneurial momentum. “If…
Events Preview: TechHire KC, Second Fridays
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? Feel free to add it to the FWD/KC calendar for increased exposure. Once your event…