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
BetaBlox expands to Tulsa, shares 4-year plan
Thanks to a recent fundraise, Kansas City-style innovation is heading south to the Sooner State. After scoring new investment capital, Kansas City-based BetaBlox is expanding its incubator program to Tulsa this summer, bringing with it four years of experience in honing startups. BetaBlox founder Weston Bergmann said his for-equity incubator has partnered with the non-profit…
Weston Bergmann explains BetaBlox and its successful 2016 class
Since launching it in 2012, BetaBlox founder Weston Bergmann has always been impressed by the caliber of firms entering his incubator. But this year, Bergmann said he was blown away by the firms presenting at BetaBlox Demo Day celebration Monday. “It’s kind of cliche to say this class is better than the last, but it’s true,”…
Meet the BetaBlox startups ahead of Demo Day
Kansas City-based accelerator BetaBlox is gearing up for its annual culminating event to highlight startups in its current class. Set for Monday, BetaBlox’s Demo Day offers a stage for its 10 startup firms to pitch their businesses to investors, area residents and fellow entrepreneurs. While also a showcase of its startups, BetaBlox hopes the Demo Day will engage…
Regional Roundup: Chicago aims to be space travel hub
In this week’s roundup of watercooler talk from the region’s startup hubs, we have the dish on one Chicagoan’s plan to make the city a hub for space travel, St. Louis’ booming innovation district and the update on Uber and Lyft’s Texas battle. Check out more in this series here. ChicagoInno: Chicago … a hub…