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
Two area startups still vying for $25K from the Kauffman Foundation
The Ewing Marion Kauffman Foundation on Monday announced the top 15 finalists in the 1 in a Million pitch competition that are vying for a $25,000 grant — and two startups hail from the metro area. Kansas City-based The Grooming Project and Lawrence-based DraftPak both cracked the top 15 in the contest after beating out…
Fund me, KC: Hidden Abilities offers high-tech pen to topple dyslexia
Startland News is continuing its segment to highlight area entrepreneurs’ efforts to accelerate their businesses. This is an opportunity for entrepreneurs — like Hidden Abilities co-founders Payden and Jamee Miller — to share their stories to gain a little help from their supporters. Back Hidden Abilities’ product here. Who are you? Jamee Miller and Miller, co-founders of Hidden…
The Lean Lab fellows PledgeCents, Class Tracks win $25K
The Lean Lab’s education incubator program culminated Thursday evening with Launch[ED] Day, a demo day which saw two education startups walk away with $25,000 grants. Established in 2013, The Lean Lab seeks to build Kansas City into a world-leader in education innovation. The incubator’s five summer fellows each pitched their business at the demo day.…
Events Preview: Public Relations for Entrepreneurs
There are a boatload of entrepreneurial events hosted in Kansas City on a weekly basis. Whether you’re an entrepreneur, investor, supporter or curious Kansas Citian, we’d recommend these upcoming events for you. WEEKLY EVENT PREVIEW The Marketing Series: Public Relations for Entrepreneurs When: October 5 @ 11:00 am – 12:30 pm Where: Sprint Accelerator Learn more about…