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
Lawrence-based Sweet Jane magazine offers safe space for women to get candid about cannabis
Satisfying her own curiosity, Katy Ibsen penned an article on cannabis opportunities for publishers. “There were niche magazines being published, there were B2B magazines being published, there was ‘High Times’ and ‘Dope,’” Ibsen, now founder, editor and publisher of Sweet Jane magazine, said of her research for the piece. A 10-year publishing vet with a…
Cannabis founder’s advice: Weed out the bad seeds; run green startups like real businesses
Cannabis might seem like it presents a Wild West frontier for entrepreneurs looking to strike green, said Michael Wilson, but would-be founders must cultivate a plan grounded in common sense — and the law. “In the industrial hemp or marijuana space, if you want to build a successful business, run it like a real damn…
Show Me Hyperloop: Missouri panel confident it can win route with $300M+ test track
If Missouri wants to win the race for a Virgin Hyperloop One route connecting Kansas City and St. Louis, the Show Me State must foot the bill for a 12- to 15-mile test track that could cost taxpayers, the state and private partners more than $300 million, according to a new report. “This initial segment…
Cyber threats and opportunities: Why did 50+ KC schoolgirls get a peek at Fishtech’s high-security campus?
You never know when an opportunity will find you, Alex Vendetti told a group of Kansas City high school girls touring the Fishtech Group cybersecurity campus. “I was a hairstylist before this,” Vendetti, a project manager at Fishtech, told groups of students making their ways through the cybersecurity startup’s sprawling Martin City facilities Friday. The…