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
Voting with cash: Meet the 8 Kansas City tech startups competing in the Pure Pitch Rally
The landsharks are circling and eight hungry tech founders are ready to sell their ideas at the fourth annual, invite-only Pure Pitch Rally, the early-stage funding platform announced Wednesday. “In Kansas City, we have the business soul and hunger to help others — through both community crowdsourced giving and offering others a stepping stone to…
Tea-Biotics opens ‘world’s-largest kombucha taproom’ with 32 flavors, Royals flare
The strength of Tea-Biotics’ new, world’s-largest kombucha taproom lies in its bold flavors — and a lot of them, said Lisa Bledsoe. “How good is fresh-pressed, organic blueberry? It’s great for you! It’s full of antioxidants,” said Bledsoe, founder of Tea-Biotics Kombucha, referencing just one of 32 variations on tap at the Olathe taproom. “How…
Global, KC investors charge Grandview-based battery innovator with 8-figure funding round
A Grandview-based leader in battery technology is building a charge for expansion as Spear Power Systems announced this week an eight-figure funding round with world-spanning reach and headline-grabbing international investors. “We are pleased with the quality and synergy of the syndicate,” said Jeff Kostos, president and CEO of Spear. “This investment enables Spear to scale…
Play It Forward reunites South Kansas City-inspired brands, startup leaders
A bright and sunny pre-autumn day silhouetted the shadows of basketball fans lining up last weekend to enter Smith-Hale Middle School. As the smells from a food truck and sounds of laughter filled the parking lot, players inside readied themselves for a South Kansas City showcase. “We wanted to involve many entities that are directly…