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
KCultivator Q&A: Edgar Palacios talks Latinx representation, his ballsy inspiration
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 WeWork Corrigan Station, a modern twist on Kansas City office space. Proportionate cultural and ethnic representation can be life-altering for young people — especially in the classroom, said Edgar Palacios.…
More than a Fountain City vacation: SavR bringing US headquarters to Kansas City
Kansas City’s startup culture and support network helped the City of Fountains land the new U.S. headquarters of Australia-based SavR, said founder Tim O’Shea. “If you’re a company that’s trying to strive for genuine outcome, then you’ll be very well received [in Kansas City],” he said. “I think Midwestern people tend to ferret out the…
App to help flex Disabled But Not Really reach beyond KC gyms, says Wesley Hamilton
A new fitness and wellness app is expected to help Disabled But Not Really go global with its impact, said Wesley Hamilton. “This app is going to benefit those that cannot go through our program but are still determined to learn and change their physical well being,” said Hamilton, founder and executive director of the…
Pepper teams with Switzerland cyber security expert to combat ‘terrifying’ IoT threats
A new, long-term collaboration between KC-based Pepper IoT and an international leader in digital security has an opportunity to aggressively boost consumer confidence in the rapidly expanding — and potentially hostile — Internet of Things, said Scott Ford. “It is terrifying to see millions of vulnerable connected devices being distributed to U.S. consumers who have…