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
EDCKC touts five years of economic development as president and CEO departs
When Bob Langenkamp was approached in 2014 about leading the Economic Development Corporation of Kansas City, Missouri, momentum was building for a city on the cusp of a World Series win, economic revitalization and revived civic pride. “It’s been a great run,” said Langenkamp, reflecting on his tenure as president and CEO of EDCKC. With…
Stenovate lands first big investor; founder credits ‘stepping stones’ of KC startup resources
Hold your head high, be eager, and embrace the startup community that surrounds you, Lauren Lawrence said as the first outside investor calls on her Kansas City-filed tech startup, Stenovate. “The first person to really take a risk on you as an outside investor who’s not your mom and dad … they’re always a significant…
KCultivator Q&A: Kevin McGinnis talks Keystone innovation, best steaks in KC, the word he hates most
Editor’s note: KCultivators is a lighthearted profile series to highlight people who are meaningfully enriching Kansas City’s entrepreneurial ecosystem. The KCultivator Series is sponsored by Plexpod, a progressive coworking platform offering next generation workspace for entrepreneurs, startups, and growth-stage companies of all sizes. Years before his tenure as a Sprint executive-turned-startup leader, Kevin McGinnis was…
People’s Choice startup Bar K Dog Bar planning new locations across the Midwest (and beyond)
After less than a year serving Frisbees and drinks along Kansas City’s riverfront, Bar K Dog Bar has a treat for two other Midwest markets: plans to expand the premier pet experience space to St. Louis and Oklahoma City. “Our ultimate goal is to be in five markets in the next three years and 10…