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
H&R Block CEO files retirement plans; company sets ‘smooth transition’ to new chief executive
Announcing his plan to retire at the end of 2025, the CEO for one of Kansas City’s most iconic businesses called his work at H&R Block the past eight years “the honor of a lifetime.” “We have elevated Block’s relevance, built an extraordinary culture, made bold bets to drive growth, rebuilt about every piece of…
LISTEN: Startup bites into early cancer detection for dogs
On this episode of Startland News’ new Plug and Play Topeka founder podcast series, we meet Preston Williams — founder of ProPetDx — whose company is giving veterinarians a powerful new way to detect disease in pets before symptoms appear. From the spark of an idea to building high-definition diagnostics, our guest shares how science, data,…
Advocates push Latino entrepreneurs to urgent action in the face of ‘innovation churn,’ civil rights challenges
Latino entrepreneurs are a powerful force in America’s economy, leaders emphasized Thursday from the UnidosUS stage, but systemic barriers continue to keep many from achieving financial freedom, they lamented. “Our superpower is an entrepreneurial spirit,” said Ruby Azurdia-Lee, president and CEO of Comunidades Latinas Unidas en Servicio (CLUES), speaking during the UnidosUS Annual Conference’s closing…
River Market’s iconic ‘Trolley Tom’ reopening with grab-and-go deli menu, specialty cocktails
A new grab-and-go eatery is rolling into River Market, filling a hole left when Donutology shuttered operations inside “Trolley Tom” — the circa 1947 Kansas City streetcar permanently parked at 426 Delaware in the popular retail and entertainment district. Car No. 551 is scheduled to open by mid-September with deli offerings and and drinks by…