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
Report: KC tech industry brings in $12B, attracts Hyperloop, but city still struggling to fill talent pool
Despite facing a shortage of skilled talent, the tech industry in Kansas City contributed roughly $12 billion — or about 10 percent — to the local economy in 2018, according to an annual report released by the KC Tech Council, a nonprofit that aims to spur tech growth in the city. Nearly one in 10…
Fresh off $200M funding haul, C2FO acquires India’s largest payment platform in bid to expand market position
Kansas City-built C2FO will continue to expand its global prowess with the acquisition of India-based Priority Vendor, the startup announced Thursday. “This is an important milestone in C2FO India’s journey,” said Pradeep Gode, C2FO’s country head for India, in a release about the acquisition of Priority Vendor — India’s largest early payment platform. The move…
Playing for tips and contacts: Artist-entrepreneurs travel across Midwest to fill PorchFestKC with music
Kansas City is a world-class destination for entrepreneurial musicians and artists hoping to hit high notes in business, said Dominic Roy. “I’m a singer-songwriter who’s trying to make it. I don’t want fame or glory or anything like that. I just want people to relate and I want people to feel what I’m trying to…
One-woman act with 68 stages: Kathryn Golden rallies 152 bands for PorchFestKC
A front porch concert isn’t the typical way to meet your neighbors, Kathryn Golden admitted, but it’s unconventional experiences like those that truly unite communities, the PorchFestKC founder said from atop a stoop in the Midtown Roanoke neighborhood. PorchFestKC — the city’s original porch-packed community music celebration, which returns Saturday for its fifth year —…