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 startup support programs helped Lelex Prime score Fountain Innovation Fund’s first investment
An interconnected, resource-rich startup ecosystem is paying off for Lelex Prime — contributing to the fast-growing artificial intelligence company’s development and boosting its chances to win the Fountain Innovation Fund’s first cash infusion, said Brendan Reilly. “The Digital Sandbox helped us land this investment,” said Reilly, co-founder and principal at Lelex Prime, which joined the…
UMKC celebrates Maria Meyers for driving social entrepreneurship, ecosystem building in KC
Kansas City’s most tenacious advocate, Maria Meyers has built far more than a legacy for herself, proclaimed Mary Bloch. “I first met Maria Meyers in the mid-90s when we were both involved in the renovation of Union Station,” Bloch, civic leader and daughter-in-law of H&R Bloch founder Henry W. Bloch, said as she recognized Meyers,…
Entrepreneur of the Year: Michael Rea says building a startup takes a ‘strong stomach’
The road to startup success isn’t a clear path for anyone, acknowledged Michael Rea, and it takes a founder’s persistence to reach his or her desired destination. “Many people set out on an entrepreneurial journey, but few complete it,” Rea, founder and CEO of Rx Savings Solutions, told a crowd gathered Friday night for the…
Launch Health check-up: Spoke Health aims to give consumers value-based choices in care
Editor’s note: The following is part of a series of stories on the six cohort companies of the Launch Health Accelerator, powered by Nueterra Capital and sponsored by LaunchKC. Click here to read all the stories published in this series. Medical experiences are taxing — Spoke Health aims to cut the stress and give patients…