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
OHUB x KCUP set to debut ‘18th & Vine Summer Trep Series’ for black, Latinx startup builders
The first spoke of Opportunity Hub’s arrival in Kansas City debuts July 19 with a new monthly event series dedicated to business builders from black and Latinx communities. “This is a celebration of unity, creating a healthier ecosystem within Kansas City, Missouri,” said Jamilah Jones, a business development officer at the Economic Development Corporation of…
Minneapolis angel investment firm expanding to KC, names McCoolidge managing partner
A former leader of the Mid-America Angels fund could be the secret to establishing Minneapolis-based Sofia Fund as a new investment resource for women-led companies within Kansas City, said Cathy Connett. “The Midwest continues to be a hub of startup activity,’ said Connett, Sofia Fund CEO. “Extending our footprint to Kansas City gives us access…
Pure Pitch Rally returning in October with spot-cash funding; applications open now
The land sharks are already hungry for Kansas City’s top tech talent, said Karen Fenaroli, announcing the planned return of the Pure Pitch Rally this fall. “Not only does Pure Pitch Rally provide startups with the opportunity to earn much-needed cash funding, it gives local entrepreneurs direct access to the resources and people in our…
Travois earns rare B-Corp status for longtime work to ‘fill the gaps’ caused by 200 years of broken promises to Indian Country
Obtaining one of the world’s top scores as a Certified B Corporation is just the beginning for Kansas City-cultivated Travois. “Part of why we are different is because [the product] we have and offer is really impactful,” Elizabeth Glynn, CEO, said in explanation of how Travois — a company that promotes housing and economic development…