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
Sprint Accelerator graduate acquired by medical giant
A large California-based health care provider recently announced that it acquired Medicast, a graduate of the Kansas City-based Sprint Mobile Health Accelerator program. Providence St. Joseph Health purchased the firm for an undisclosed amount for its logistics and management platform that automates remote care delivery. In 2014, Medicast participated in the inaugural, three-month program at…
Uber finds KCMO’s proposed ride-sharing regulations ‘troubling’
In a move that will likely reignite lively discussions among government, businesses and residents, the City of Kansas City, Mo. is now considering changes to its ride-sharing regulations for companies like Uber. By directive of the Kansas City Council, city officials are reviewing rules drafted in April of 2015 that aim to ensure public safety…
What do 1 Million Cups presenters reveal about KC’s entrepreneurial community?
Editor’s note: Opinions expressed in this commentary are the author’s alone. Every Wednesday morning in Kansas City and 91 other cities nationwide, one or two early-stage startups present a six-minute profile of their companies to a diverse audience, followed by 20 minutes of open Q&A. I recently reviewed 51 presentations delivered at 1 Million Cups…
Events Preview: ECJC Sales Series
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 Sales Series: PAIN! When: July 28 @ 10:30 am – 12:00 pm Where: Enterprise Center in Johnson County Tom Mulligan…