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
OP-based motion capture startup DARI Motion sells to Omaha firm
DARI Motion, an Overland Park-based startup that created a motion capture platform that provides biomechanical analysis of athletes, patients and more, recently was acquired by a Nebraska firm. DARI, which stands for Dynamic Athletic Research Institute, was purchased for an undisclosed amount by Omaha-based Scientific Analytics Inc. With the acquisition, the firm aims to transform how…
Axing the status quo: Swell Spark builds experiences from West Bottoms HQ
Human interaction is about more than texting and social media posts, said Matt Baysinger, co-founder and CEO of Swell Spark. “One of the best things in life is sharing a meal together, but sharing a meal together is only as good as the conversation you get to have over that meal,” Baysinger said. “If you…
Metactive announces nearly $3M combined in funding round, government grant
Fairway-based Metactive has raised a $1.2 million round to accelerate the development of its products for the treatment of neurovascular, peripheral vascular and structural heart diseases. The round included Kansas City-based Mid-America Angels, as well as Serra Ventures. Founded by CEO Nick Franano, Metactive has raised more than $10 million to date. In addition to…
KC Rising red flag: Educated talent leaving KC, metro tech jobs unfilled
More college-educated workers are leaving Kansas City than being drawn to the region, according to a new KC Rising report. That means local companies are forced to look outward for qualified talent, said Ryan Weber. “Most of those tech firms are hiring; it’s just for skill sets that few people have,” said Weber, president of…