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
In address to Congress, Victor Hwang urges action on entrepreneurship deficit
Tapping into his own entrepreneurial story, the Ewing Marion Kauffman Foundation’s vice president of entrepreneurship testified before Congress on cutting obstacles to starting a business. Before the U.S. House Small Business Committee, Victor Hwang joined an expert panel of entrepreneurs and researchers to discuss common struggles entrepreneurs face, possible solutions and emerging trends. As Republican…
Kansas City milkman Matt Shatto launches new ag tech company
Matt Shatto — co-founder of the the popular Kansas City dairy Shatto Milk Company — is trailblazing new sustainable tech to help farmers reap more crops and reduce costs. Launched in 2016, Kansas City-based TerraManus Technologies created a patented device that helps farmers better manage soil and allocate water resources. The “TerraStar Disk” looks like a plastic…
Google Fiber losing ‘hundreds’ of employees but continues KC expansion
Google Fiber is reportedly trimming its employee count after announcing its new CEO. Business Insider reports that months after its former CEO Craig Barratt resigned, Google Fiber has hired Gregory McCray as the new leader of Access, the division of Google’s parent company Alphabet that includes Google Fiber. The gigabit provider also will lose “hundreds”…
Urban TEC is building a more diverse STEM workforce
Despite a U.S. tech workforce that’s grown more than 80 percent in the last 20 years, less than one percent of black women are employed in STEM careers. As a black women in technology herself, Ina Montgomery took this statistic as a call to action to empower black women. “You’re going to need have a…