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1、GLOBAL SPORTSTECH VCREPORTDEC 2023POWERED BYLITE EditionAbout this reportGLOBAL SPORTSTECH VC REPORT 2023Rohn MalhotraManaging D#GSTVCR23The last quarter of the year is usually a busy time here at SportsTechX.Geting on the road is a big part of that,as events come thick and fast.But the main reason
2、is our flagship publication,the latest edition of the Global SportsTech VC Report.This year marks the 5th edition of this report,a fact that were quite proud of.In some ways,this has been a tough report to write.A good report needs good data,which for a VC report means investment activity.And unfort
3、unately there wasnt much of that this year.2023 was the lowest year for SportsTech investment that weve seen since 2015,thats a while ago.Australia had won the Cricket World Cup.Novak Djokovic finished as the world#1 afer winning the ATP Finals.New Zealand made another Rugby World Cup Final and Manc
4、hester United were quite rubbish.Wait,all of those things were true for 2023 as well.I guess some things dont change.What did change was the funding landscape for SportsTech,and prety significantly too.While 2023 was the lowest year for funding,it was also the highest year for Mergers&Acquisitions t
5、hat weve ever seen.It also saw major M&A deals in the wider world of sports-the PGA tour and LIV Golf,the WWE and UFC,the PFA and Bellator.Teaming up was clearly the way to go.2023 was also a year for some landmark exits in the world of sports.Michael Jordan lef the NBA once again,this time as the o
6、wner of the Charlote Hornets,in a$3 billion deal,which effectively made him a nify$2.25 billion profit.Not to be lef behind,a couple of months later,it was reported that Mark Cuban has entered into an agreement to sell a majority stake in the Dallas Mavericks,valuing the franchise at$3.5 billion.All
7、 this while my own teams(Manchester United)sale saga drags on,with Jim Ratcliffe finally giving the Glazers the near$6 billion valuation they were so dearly hoping for.No wonder were seeing so much investor interest in Sports and Sports Tech.In 2023 alone,by our count,weve seen 34 new funds enter th
8、e market with at least$4 billion set to be deployed.And thats a conservative estimate,only half those funds have reported a fund size.Its not just traditional VCs looking to make big deals,celebrities and influencers from various other industries have entered the Sports Industry in a big way.Ryan Re
9、ynolds and Rob McElhenney teamed up with Michael B.Jordan and a host of others to experience the high-octane world of Formula 1 through an investment in the Alpine F1 team.Whether its Tom Brady at Birmingham City,Dude Perfect at Burnley FC or even Kim Kardashian and the NBA.It seems like the world a
10、nd their aunt are waking up to the commercial power that sports wields and the potential that is yet to be unlocked.While the business of sport understands the power and influence that celebrities,wherever they come from,bring to the table,this symbiotic partnership could help connect sports to bran
11、d new audiences.And for those who still have doubts,just ask a Swifie about their favourite NFL team.For our part well continue to research and write about this fast growing industry that we are privileged to call our place of work.And with that,onto the report.Happy reading.#GSTVCR01Introduce us to
12、 Match Ventures:Mindspring Sports and Indigo SportsTech joined forces to create one of Europes largest sports focused early stage VCs.The founders are aiming to raise EUR 40 million into the newly created Match Ventures.First closing will take place as early as January 2024 and the fund will start i
13、nvesting straight away.Mindspring and its founders Craig Thompson and Anton Brams bring decades of experience in sports management and tech entrepreneurship while Indigo is one of the most experienced SportsTech investors in Europe with 14 investments and 3 exits under their belt.What kind of startu
14、ps will you be looking to invest in?We primarily focus on seed to Series A.We look at companies globally in the sports and entertainment sector,also having potential relevance in other industries.Our companies can make an impact in all sports,and also with venues,broadcasters,streamers,and brands/ad
15、vertisers.What is unique about Match Ventures?A year and a half ago we decided to change our due diligence approach.We believe investors and tech companies deserve a more thorough process,making investing less risky.We spend the first 6-12 months as advisors to the most promising companies in our pi
16、peline.During this time we really get to know the team,the tech,and their market potential.When these areas are all positive we have more confidence for investing.We call this process our Deep Due Diligence,going beyond the conventional review of a company over a few weeks or months before a present
17、ation makes its way to an investment commitee to make a final decision.By spending the additional time geting to know our portfolio companies,we ensure that were not swayed simply by what is trending at any point in time.What SportsTech trends are you most interested in?Sports and technology are con
18、verging today in a variety of very exciting ways.This means that as a prudent and informed investor,our fund scans the entire market for opportunities that arise at various points of this convergence.That said,there are specific areas we look at more closely,given our previous experience and experti
19、se.Currently we are most involved with companies in the areas of Web3 fan data and engagement,video production and audience tracking,beting tech and data capture,AR/VR,fan activations,and tech to support brands sponsoring sports.Above all,we believe the most important trend in sports at this moment
20、is around rights holders really understanding that their commercial and digital teams have to work very closely together to achieve their growth potential.The sports broadcasting landscape is in a pivotal moment.The shif away from traditional broadcasting to streaming has been accelerated by increas
21、ed interest from tech companies like Apple,Amazon and Google who look at sports as an integral component of their streaming offerings.All this while sports rights holders are also experimenting with going Direct-to-Consumer(D2C).This shifing dynamic creates opportunities that we believe our experien
22、ce puts us in a great position to capitalise on.What can we expect from Match Ventures in 2024?Over the next 2 years we are expecting to make 15 to 20 investments,and follow-ons thereafer.Even in 2023,while investment activity has been low,we have continued to execute deals that fit with our investm
23、ent thesis.We firmly believe SportsTech will continue to grow in importance for the next several years at least and our fund will continue to support that growth.GLOBAL SPORTSTECH VC REPORT 2023#GSTVCR02Foreword from our partner:Match VenturesPrevious portfolio includes:Craig ThompsonGeneral Partner
24、,Match VenturesLSportsTechX-Market Intelligence for investors&professionalsInsightsReportsIndustry-leading reports that combine facts and figures with qualitative insights.DatabaseLeading global database to find the best startups&initiatives to engage with.NewsleterCuting through the noise with topi
25、c features,interviews&major industry updates.Podcast Showcasing startups and relevant initiatives from the world of Sports&Tech.BlogMarket insights with event reports,landscape overviews and startup related articles.Social MediaWeekly show on Youtube,engaged Global SportsTech Network on LinkedIn®
26、ular social posts.About UsSportsTechX is the#1 source for data&insights about startups&innovation in Sports.Our mission is to promote and navigate the global SportsTech ecosystem.We frequently publish content in formats such as industry-leading reports,podcasts and newsleters,and appear as keynote s
27、peakers at events.Our insights are based on our SportsTech Framework which provides a systematic structure to find,compare and assess all things SportsTech on a global level.We work with investors and organisations in sports and adjacent industries helping them with market analysis and connecting th
28、em with startups.We also support select startups in business development and fundraising.ServicesContentIndustry leading content providing editorial insights and market updates to a B2B audience on all things related to sports and innovation across content formats:text,video or audio.ConsultBespoke
29、projects ranging from workshops on specific topics,co-published research or strategy development to establish stronger presence in SportsTech ecosystem.ConnectProvide resources and network connections to help startups meet fundraising goals and investors find atractive dealflow.GLOBAL SPORTSTECH VC
30、REPORT 2023#GSTVCR03Key Insights-Global SportsTech 2023Numbers excluding undisclosed Deals/AcquisitionsData Date:Oct 31 2023*end of year projectionIcons made by Freepik,juicy_fish&berkahicon from .GLOBAL FUNDINGTOP COMPANIESTOP TRENDS$2b*in Global Funding$13.8b*in SportsTech Dealflow$11.6b*in Global
31、 M&A34 New Funds in SportsTech28%Funding for Fitness Hardware$265m biggest round for VSPO6 new Unicorns,32 in totalGLOBAL SPORTSTECH VC REPORT 2023#GSTVCR04DATA SOURCE:SPORTSTECHX.COM/SPORTSTECHDBThe SportsTech Framework-A systematic approach to the industrySportsTech FrameworkNov 2023sportstechx|Ab
32、out the frameworkWe introduced the framework in 2017 in order to provide a common understanding and structure for the SportsTech ecosystem.Since then we have constantly enhanced it,to ensure that its the best and most up-to-date tool to identify,compare and assess all things SportsTech on a global l
33、evel.In this latest update,the three main sectors remain the same as before and are organised based on their target audience:The Athlete,The Sports Executive and The Fan.However we have made some updates to the next level of classification-sub sectors and sub-sub sectors-which provide additional lev
34、els of detail and a deeper understanding.Youll find a detailed explanation of the updated framework on the following page.This framework forms the core of all our intelligence,e.g.the reports and the database.Even though the framework is proven-in-practice,there will always be situations in which st
35、artups can be assigned to two or even more sub or sub-sub sectors,which simply cannot be avoided.We invite everyone to share their feedback as were always looking to further optimize our work.Read the full articleFor AthletesActivity&PerformanceFor FansFans&ContentFor ExecutivesManagement&Organisati
36、onOrganisations&VenuesTeam&Club ManagementLeague&Event ManagementStadium&Facility ManagementMedia&SponsorsMedia ProductionSponsorshipFor Activity-HardwareWearablesEquipment&InfrastructureFor Activity-SofwareTracking&AnalyticsClasses&TutorialsBefore/Afer ActivityBooking&DiscoveryRecovery&Injury Preve
37、ntionCoaching&RecruitmentContent PlatformsNews&ContentStreaming PlatformsFan ExperiencesFan EngagementTicketing&MerchandiseFantasy Sports&BetingFantasy SportsBetingEnablementGLOBAL SPORTSTECH VC REPORT 2023#GSTVCR05GLOBAL SPORTSTECH VC REPORT 2023The most important investment numbers in Global Sport
38、sTech over the last five years.Looked at from a geographical and sector perspective.A look at the top companies in SportsTech,covering most funded ones as well as M&As,IPOs and unicorns,and the investors behind the deals.Three deep dives into innovation trends at the forefront of the SportsTech indu
39、stry.Also includes expert interviews and an investor ecosystem overview.Dashboards for the global SportsTech industry and its main sectors,showcasing the most important facts&figures to provide a holistic overview.GLOBAL FUNDING1TRENDS&ECOSYSTEMTOP COMPANIESINDUSTRY SNAPSHOT234CONTENTS08201533#GSTVC
40、R0601FACTS&FIGURES5 year Funding DevelopmentLeading Countries&CitiesLeading Sectors080911GLOBAL SPORTSTECH VC REPORT 2023#GSTVCR07Funding+Mergers&Acquisitions Activity 2019-2023 in Global SportsTechGLOBAL SPORTSTECH VC REPORT 2023DATA SOURCE:SPORTSTECHX.COM/SPORTSTECHDB15.010.05.00.020022
41、2023M&A RoundsFunding RoundsM&A$bFunding$b2.99Avg($m)Median($m)Ticket Size7.81.0360.712.6801.4660.010.31.121.11.8298.4140.120.13.1798.7849.412.32.5650.061.0 *As of 31 Oct 2023 *End of year estimate#GSTVCR082023 Year of Consolidation,M&A activity surgesFunding dries up but M&A surgesLooking at the 20
42、23 funding number,set to top out at around$2 billion,words like abject,dismal and disappointing come to mind.Across sectors,there has been a clear slowdown in investment activity post the post-pandemic boom.Without going into the well documented reasons,we wondered how we talk about a year where not
43、 much really happened.But then we asked ourselves,what really happened?The numbers delivered the answer.2023 will be the year with the lowest funding since 2015.Conversely,2023 will be the highest year ever for Mergers&Acquisitions activity,crossing$11b by our year end estimate.That suggests it wasn
44、t that there was no money to go around,it was simply being routed differently.In fact,combining the Investment and M&A activity,2023 takes second place only to the record shatering 2021.Given that the 2 pillars are almost mirrors of each other,were christening 2023 as the much needed Year of Consoli
45、dation in SportsTech.Our data cut off for this report is Oct 31.Weve extrapolated the actual numbers to our end of year estimates,which incorporate a 25%reporting lag buffer for funding amounts and 15%for M&A.1.5*8.4*11.6*3.45.64.04.08.012.54.88.43.22.3*17.313.8*63*59*4966634682.2164*246*
46、11.6Countries by Funding 2019-2023 in Global SportsTechCountries by Funding in 2023 in Global SportsTechAmount ($m)16,259.83,209.02,650.71,241.41,164.51,106.5933.5893.6508.0211.7Rank by#of Startups12Share of top deal23.3%84.1%97.0%39.5%95.4%37.2%97.1%100.0%100.0%61.4%1234567891
47、0Amount ($m)557.9315.0231.9126.489.080.620.68.57.37.2+/-Rank change compared to previous year,NE-New Entry+/-Rank change compared to previous year,NE-New EntryCountryUSAIndiaChinaGermanyUKCanadaFranceBrazilIsraelSwedenCountryUSAChinaGermanyUKBrazilIndiaSwedenPhilippinesIsle of ManFranceGLOBAL SPORTS
48、TECH VC REPORT 2023+1+1-20000000+2+5-2+12NE+21+4000#GSTVCR09No change in top 3 overall,very little in top 10Low deal flow adds new namesHardly any changes in the top 10.In fact the only change we saw was Canada dropping a couple of spots,overtaken by Germany and the UK.This is mainly due to the fact
49、 that the investment numbers in 2023 have hardly had any impact on the overall ranks which are primarily made up of the high investment seen in the years 2021 and 2022.The US once again tops the list,both overall and in 2023.8 of the top 10 from the 5 year list also appear in the 2023 list,indicatin
50、g that major SportsTech markets broadly retained their status as hubs for innovation and investment activity.The two new names did make for interesting reading-Philippines and the Isle of Man.These welcome additions contribute to the growing list of SportsTech markets.Worth noting that five of the t
51、op 10 were included essentially on the back of one major deal,accounting for over 90%share of top deal.The most well balanced markets?The US(of course),followed by India and the UK.France just about made the top 10 but the wide gulf between them and the US,which holds the top spot,just goes to show
52、how a litle bit of activity went a long way this year.DATA SOURCE:SPORTSTECHX.COM/SPORTSTECHDBCities by Funding 2019-2023 in Global SportsTechCities by Funding in 2023 in Global SportsTechAmount ($m)3,545.12,590.22,335.41,833.91,063.81,032.5953.1892.9837.8752.5Amount ($m)265.0229.4152.5124.889.085.2
53、65.054.553.950.0CountryJacksonvilleNew York CitySan FranciscoMumbaiLondonBangaloreLos AngelesSao PauloParisSanta MonicaCountryShanghaiMunichSan FranciscoLondonSao PauloNew York CityDurhamMiamiLos AngelesHong Kong SARRank by#of Startups225232219412532Share of top deal100.0%98.1%85.3%40.1%95.5%45.1%10
54、0.0%64.3%55.7%100.0%GLOBAL SPORTSTECH VC REPORT 2023-1+1-10+1-1NE+1-1+1+3+24-4+20+8-6-6NE+12+9#GSTVCR10Jacksonville goes top,London enters top 5Indian cities drop out in 2023Jacksonville has finally dethroned New York as the biggest city for SportsTech.However,its in that posit
55、ion only because of one company(Fanatics)and more importantly Jacksonville didnt see a single funding round in 2023,making it hardly worthy of the title of Global SportsTech capital.The reason for the jump is the elimination of a good year(2018)from the analysis,replacing it with a not-so-good one(2
56、023).In fact,New York,despite ranking 6th,has the lowest share of top deal percentage for the top 10 cities in 2023.Both lists are dominated by American cities,taking up 5 of the 10 spots in each.No Indian cities in the top 10 is a surprise,given that India held on to 6th in the country list.The hig
57、hest ranked Indian city is Delhi NCR coming in at 11th with Bangalore closely following in 13th.An indicator that multiple markets in India are growing simultaneously.China made a bit of a comeback,with Being taking top spot in the 2023 list,albeit with just one deal for Esports platform VSPO.So Pao
58、lo also deserves a shoutout for coming back into the list.+/-Rank change compared to previous year,NE-New Entry+/-Rank change compared to previous year,NE-New EntryDATA SOURCE:SPORTSTECHX.COM/SPORTSTECHDBFans&Content top overall,Athlete solutions top in 2023For Activity-Hardware leads in 2023Overall
59、 Fan focused solutions drive the SportsTech market,accounting for 51%of the total$30 billion invested since 2019.With 26%of that total,Fan Experience is the leading sub-sector,fueled by previously made investments into Fantasy sports,Web3 based engagement,or content platforms.However,the sector saw
60、reduced interest in 2023,accounting for only 42%of the total investment.The top sector for the year was Solutions for Athletes,the Activity&Performance sector which which accounted for 45%of total investment.Granted the sample size was much smaller this year,but it is still interesting to see how th
61、e FitnessTech trend doesnt go away.Weve been talking about this every year since 2020,even dedicating an entire FitnessTech Report to the topic.People continue to invest in their own bodies and,as a result,solutions and investors follow.Solutions for Executives,Management&Organisation,continued at i
62、ts steady pace of around 10-12%of overall funding.In fact in 2023 it almost hit the dizzying heights of 13%!We might need a minute for the excitement to setle down.GLOBAL SPORTSTECH VC REPORT 2023Funding per Sector 2019-2023 in Global SportsTech /Funding per Sub-Sector 2023 in Global SportsTech15,00
63、0.020,000.010,000.05,000.0800.0600.0400.0300.0100.00.011,266.9For Athletes:Activity&PerformanceFor Activity-HardwareFor Activity-SofwareBefore/Afer ActivityFor Fans:Fans&ContentContent PlatformsFan ExperiencesFor Executives:Management&OrganisationOrganisations&VenuesMedia&SponsorsFantasy Sports&Beti
64、ng4,163.63,671.73,430.7662.6414.075.7172.9628.2291.297.9239.0185.6124.461.,256.22,008.81,247.415,102.53,055.47,603.44,443.6#GSTVCR11DATA SOURCE:SPORTSTECHX.COM/SPORTSTECHDB38%51%11%45%42%13%Get the Pro Version of the report-More data,deeper insightsGLOBAL SPORTSTECH VC REPORT 2023PRIC
65、E:999AVAILABLE HERE#GSTVCR12Top 5 funded companies by sub-sectorCompany details and funding amount for the top 5 funded companies by each sub-sector for 2019-231Investment overview by region:North America 5 year funding breakdown,Top 5 Most Funded Countries,Top 5 Most Funded Companies,Funding per Se
66、ctor&B2B vs.B2C Funding for 2019-23 in North America2Investment overview by region:Asia Pacific5 year funding breakdown,Top 5 Most Funded Countries,Top 5 Most Funded Companies,Funding per Sector&B2B vs.B2C Funding for 2019-23 in Asia Pacific3Investment overview by region:Europe5 year funding breakdo
67、wn,Top 5 Most Funded Countries,Top 5 Most Funded Companies,Funding per Sector&B2B vs.B2C Funding for 2019-23 in Europe4Investment overview by region:Rest of World5 year funding breakdown,Top 5 Most Funded Countries,Top 5 Most Funded Companies,Funding per Sector&B2B vs.B2C Funding for 2019-23 in Rest
68、 of World5DATA SOURCE:SPORTSTECHX.COM/SPORTSTECHDBSPORTSTECH DBGlobal database to find the best startups in the SportsTech ecosystem with real time analyticsSign up at for a 7-day free trial of the PRO DB.GLOBAL SPORTSTECH VC REPORT 2023#GSTVCR1302TOP COMPANIESMost Funded CompaniesM&AsUnicorns and I
69、POs151617GLOBAL SPORTSTECH VC REPORT 2023#GSTVCR14Healthy mix in 2023,FitnessTech and Fan Experiences leadTop Companies by Funding in Global SportsTech All-TimeWeve alternated between presenting this list in two ways:either genuinely All-Time or over the last 5 year period.This year,weve gone genuin
70、ely All-Time.Fanatics retains top spot by a long way,valued at$31 billion during their last$700m funding round in Dec 2022.The whole market is eagerly awaiting that IPO.Gaming streamers,FitnessTech,and Web3 based fan solutions fill out the list of biggest SportsTech companies.For AthletesFor FansFor
71、 ExecutivesTop Companies by Funding in Global SportsTech 20232023s list is more diverse.VSPO showcased Chinas continued investment in Esports/Gaming,while a few FitnessTech plays-eGym,Tonal(at a much lower valuation than before)and Gympass-make up the top 4.The last 4 are all focused on Fan Experien
72、ces,either using Web3 or enhancing IRL experiences.Sandwiched in-between those are some B2B heavy hiters in TeamWorks,who have been on an acquisition spree in 2023,and Veloce Media.For AthletesFor FansFor ExecutivesFanaticsSports ecommerce,beting&digital collectiblesJacksonville$4,845.0m1HuyaEsports
73、 streaming platform5Guangzhou$863.0mZwiftAt home training for running,cycling&fitnessLong Beach$614.5m9Douyu TVEsports streaming platformWuhan$1,128.0m4PelotonSmart fitness equipment with community$,1869.7m2New York CityCureFitOnline&offline fitness,nutrition,and mental well-beingBangalore$624.6m8VS
74、POEsports content&tournaments platformShanghai$265.0m1CandyBlockchain based digital collectibles&gamesNew York City$38.4m8Animoca BrandsBlockchain based fan engagement solutionsHong Kong SAR$50.0m7Veloce Media GroupDecentralized gaming and sports media company London$50.0m6F1 ArcadeImmersive F1 raci
75、ng simulatorsLondon$37.9m9JumpFan experience platform for live eventsLos Angeles$30.0m10TonalSmart fitness equipmentSan Francisco$130.0m3GympassFitness facilities discovery platformSao Paulo$85.0m4TeamworksTeam and Athlete management solutionDurham$65.0m5Animoca BrandsBlockchain based fan engagement
76、 solutionsHong Kong SAR$772.5m6eGymSmart equipment&sofware for fitness facilitiesMunich$225.0m2Dream 11Fantasy sports platformMumbai$1,625.0m3SorareBlockchain based fantasy sports platformParis$739.0m5MindbodySofware for fitness and wellness businessesSan Luis$614.5m1GLOBAL SPORTSTECH VC REPORT 2023
77、#GSTVCR15DATA SOURCE:SPORTSTECHX.COM/SPORTSTECHDBGLOBAL SPORTSTECH VC REPORT 2023#AcquirerSavvy Gaming GroupLegends HospitalityPenn National GamingBeter CollectiveEntainShif4Vivid SeatsBeter CollectiveGameSquare EsportsGBarenaTop 10 Acquisitions 2023 by value in Global SportsTechNotable A
78、cquisitions 2023 in Global SportsTechDeal Value$m4,900.02,400.0550.0188.0160.0100.061.054.017.015.0Acquired CompanyScopelyASM GlobalBarstool SportsPlaymaker Capital365ScoresSpotOnWavedashPlaymaker HQFaZe ClanGalactech Studio#Acquired CompanyAirCourtsAta FootballEpiFatMapMatchdaySmartabase
79、SzuperChessTeamGeniusVindexWagrAcquirerPlaytomicDAZNFanaticsStravaGame TheoryTeamworksCheckmate LiveHuman Powered HealthESL Face ItYahoo#GSTVCR162023 the Year of Consolidation,highest number and volume of M&A dealsDeals spread across sectorsTill Oct 31,$8.4 billion worth of deals have been closed,pr
80、ojected to hit$11.7 billion by year end.That will be more than the previous four years combined!Given that the general market interest in SportsTech is at a really high level,the steep decline in investment was hard to understand,even amidst a global investment slowdown.However,looking at the M&A ac
81、tivity,its clear that capital was simply being used differently.And understandably so,considering the hyped up valuations seen in 2021,the market needed a correction.So which sectors saw the most activity?Traditionally,Sports Beting companies have been the most active when it comes to consolidation.
82、But in 2023 its been more varied.While there is a notable beting deal(Penn National Gaming&Barstool Sports),there are also significant deals from Esports and quite a few from the Sports Content space.Even a couple from ticketing and commerce.Among the deals with undisclosed deal sizes,a glance at on
83、ly the acquirers names underscores the variety of companies that were actively pursuing acquisitions in 2023-Fanatics,DAZN,Strava,Playtomic,Yahoo,Teamworks.These are all giants in their own sectors,looking to get even bigger.DATA SOURCE:SPORTSTECHX.COM/SPORTSTECHDBGLOBAL SPORTSTECH VC REPORT 2023Uni
84、corns in Global SportsTechIPOAcquiredNeithertheScoreToronto$2.0bZwiftLong Beach$1.0bFanaticsJacksonville$31.0bDapper LabsVancouver$7.6bWhoopBoston$3.6bDraftKingsBoston$17.1bGympassSao Paulo$2.4bSportradar AGSt.Gallen$3.0bCure FitBangalore$1.5bHupuShanghai$1.0bFitureChengdu$1.0bAli SportsShanghai$1.3
85、bVSPOShanghai$1.1bSorareParis$4.3bFitbitSan Francisco$1.9bStravaSan Francisco$1.5bDream 11Mumbai$8.0bGames 24x7Mumbai$2.5bMobile Premier LeagueBangalore$2.3bKeepBeing$2.1biQiyi SportsBeing$5.0bLe SportsBeing$3.3bGenius SportsLondon$1.2bClassPassNew York City$1.0bFanDuelNew York City$20.0bClearNew Yo
86、rk City$1.8bCandy DigitalNew York City$1.5bPelotonNew York City$2.0bSeatgeekNew York City$1.0bAnimoca BrandsHong Kong$5.9biFitLogan$2.6b#GSTVCR176 New Unicorns in SportsTech in 202332 companies across 9 countriesWe reported 38 unicorns in last years report.Were down to 32 a year later.9 companies ha
87、ve had to be excluded from this list for one reason or another.The likes of Twitch and Disney Streaming might have had their origins in Sports and Gaming but are now too broad to be included.Others have seen their valuations drop significantly.Listed companies such as SIGNA Sports,FuboTV&F45 Trainin
88、g have seen a big chunk of their Market Cap disappear.On the other hand,the likes of Tonal have seen their valuations marked down in recent investment rounds.More reasons for that cautious investor sentiment weve spoken about earlier.Providing reasons for optimism are the new names added to this lis
89、t.iFit,Clear,VSPO and SeatGeek have had their valuations marked up to join the Three Comma Club while Fluter Entertainment should have already been on this list last year.We also have a list of Soon-icorns to look out for:eGym,AllTrails,Pixellot and Overtime are just some of the names that we track
90、closely for news that might deserve a spot on our map.DATA SOURCE:SPORTSTECHX.COM/SPORTSTECHDBFlutter EntertainmentDublin$27.8bGet the Pro Version of the report-More data,deeper insightsGLOBAL SPORTSTECH VC REPORT 2023PRICE:999AVAILABLE HERE#GSTVCR18Most active investors in Global SportsTechMost act
91、ive seed($1m)and early stage($1m+)investors in Global SportsTech 2019-23 with deals completed in last 12 months and last 5 years1Investments by Deal SizeCount and Volume invested split by deal value:$1m,$1-10m,$10-25m,$25-50m,$50-100m,$100m+,Undisclosed2Summary of Mergers&Acquisitions 2019-20235 yea
92、r Acquisitions breakdown,Top 5 Acquiring Countries,Top 5 Disclosed Acquisitions,Acquisitions by Sector&B2B vs.B2C Acquisitions for 2019-233Summary of Unicorns&IPOs 2019-20235 year breakdown of new Unicorns per year,Countries by number of Unicorns,Top 5 Valued Non-Unicorn SportsTech Companies,Unicorn
93、s by Sector&B2B vs.B2C Unicorns for 2019-234DATA SOURCE:SPORTSTECHX.COM/SPORTSTECHDBGLOBAL SPORTSTECH VC REPORT 2023#GSTVCR19Listen to the SportsTech AllStars Podcast Conversations with startups,investors and leading initiatives from the world of Sports&TechThe most convenient way to know what is ha
94、ppening in the global SportsTech ecosystem.A weekly look at the top news from theworld of Sports&TechnologyAvailable on all popular podcast platforms or to the SportsTechX NewsletterTune in to STX WeeklyTRENDS&STARTUP FEATURESMore VCs in SportsTech:34 New Funds in 2023 with$4B+to deployM&A in Sports
95、:Soaring Valuations and Multi-Billion Dollar DealsFitness Hardware Still Hot:Investors Continue to Show Interest21242703GLOBAL SPORTSTECH VC REPORT 2023#GSTVCR20GLOBAL SPORTSTECH VC REPORT 2023#GSTVCR21More VCs in SportsTech:34 new funds with$4B+to deployAthlete(s)led/involved9 funds/$1.2 billion+9
96、funds/$1.4 billion+6 funds/$700 million+4 funds/$120 million+5 funds/$410 million+New FundsFollow On FundsGaming FundsWomens Sports focusedTeam/League ledDATA SOURCE:SPORTSTECHX.COM/SPORTSTECHDBCapital will reach the market,slowly but surelyWe wrote an article about this recently.Yes,2023 has been a
97、 rough year for startups looking for funding with the amount invested at a 5 year low.Earlier in this report we covered the increased M&A dealflow,which has been at an all-time high.So its not that theres no capital,its just being deployed in a different way.Whats been most interesting to see over t
98、his same period is the sheer number of funds entering the space-either new investors or existing investors with follow on funds.By our count,34 Funds with at least$4b+of announced capital over the last 12 months.Yes,some of that has already been deployed but most of it is yet to hit the market.Thats
99、 a fair bit of dry powder and were waiting for the boom.Beyond the funds,the wider interest in SportsTech is prety evident.Big Tech-Amazon,Apple&Google-have spent a fair bit of capital investing in sports rights acquisition.In the US alone these are set to reach$30b by 2025.And while Sovereign wealt
100、h funds are increasing their investment in sports,so are family offices.Sport has proven resilient in times of economic downturn and even through pandemics.Therefore its no surprise that more players want in on the action.2 funds/$80 million+Australian Govt.UK GovtSportsTechX Startup Spotlight:Mingl
101、e SportThis year we decided to run the first edition of our SportsTechX Startup Spotlight,focused on some of the best emerging startups in sports,fitness,or gaming.Nearly 100 applications from 20+countries were brought down to 3 and then eventually 1 winner.Helped by our own proprietary Startup Scor
102、ing algorithm.More on that to come.Congratulations to the 3 finalists,and especially to the winner:Mingle SportWhat does Mingle Sport do?Mingle Sport is an app for football teams who want to get more out of their game.Track player performance,share match content and manage their team.Teams only need
103、 a mobile phone to capture moments that mater.They use mobile technology+AI to create pro level stats and videos and integrate with tools that teams are already using.Key achievements you want to highlight?Globally launched free version in Sep 2370k+players,coaches and fans registeredFirst AI sport
104、test(shot quality)launched in betaBuild automatic AI video improvement(zoom,replay,slowmotion)Whats coming up for Mingle Sport?We know what users want more in terms of stats,content and team management.We are experimenting with premium products and will launch various AI features that will allow use
105、rs to get stats&content previously only available for pros.This will include the launch of Mingle Pro beta and introduction of more AI features for premium media and advanced performance statsWe are also eventually looking to add more sports(next up:field hockey).In terms of partnerships,we are open
106、 to working with brands and integrating with sportstech ecosystem partners(eg.leagues,wearables and/or camera providers)The Founding team that brought this idea to life are:Freek Bl-CEO(former role:Global Strategy Director at Valtech)Joost Bollen-CTO(former role:A.I.Lead Developer&Solution Architect
107、)Tim van Asch-CXO(former role:A.I.Digital Product&Design lead)Nicky Rog-CMO(former role:Digital consultant at Valtech)Currently fundraising?YES,we are currently raising a new seed round.Feel free to reach out to us to know more.GLOBAL SPORTSTECH VC REPORT 2023#GSTVCR22Utrecht,The Netherlandsmingle.s
108、portFlowstate:Automated video capture for surfers.Flowstate is the new platform to automate content capture,editing&delivery designed specifically for surfers.Leveraging AI computer vision models that have been trained to track and identify surfers.Flowstate is currently focusing on the new,and rapi
109、dly evolving wavepool market.Flowstate in 2024 will be available in Phoenix,Dallas&Waco Texas(US)&in Berlin(Europe)with more to be announced very soon.They recently won the Innovation Award at the 2023 Surf Park Summit-The Wavepool Industry Conference.FinalistsFanBlock:Own a square of your teams hom
110、e ground,own a piece of historyFanblock is a sports fan engagement platform using blockchain technology and web3 functionality to leverage a clubs global fan base and monetise this engagement.Fanblock has launched with AC Milan in Serie A and Totenham Hotspur in the English Premier League with many
111、more clubs in the pipeline and entering into other sports verticals in time(American College Football,NBA,IPL,NFL)flowstate.zoneCricHQ:Making Cricket Even BetterPlaymaker Labs New Zealand is a successful and innovative NZ business involved in Media,Sports and Technology.They integrate cuting-edge te
112、chnology,sports analytics,and engaging content to deliver authentic digital experiences to sports enthusiasts with their products,namely cricHQ for scoring and analytics,My Action Sport for streaming,and Cricket Allrounder for Coaching and Education to training sports persons.With a team of skilled
113、developers,analysts,and content specialists,Playmaker Labs is reshaping the digital sports landscape,promising an exciting future for sports fans worldwide.What does Jio,as a partner in India with Playmaker Labs,imply?Our collaboration with Jio via their JioStore distribution network will pioneer gr
114、oundbreaking sports,educational,gamification,fantasy sports,and rewards programs.While the initial focus revolves around cricket,the partnerships vision extends far beyond the boundaries of a single sport.Playmaker Labs envisions the introduction of multiple sports verticals,broadening its scope and
115、 captivating diverse sports enthusiasts.The companys product is currently used by more than 14 national governing bodies,around 1000+state cricket associations and 2000+clubs globally.The partnership with Jio will augment its products and offerings in India by opening the path for Jios user base.How
116、 will this deal shif sports viewing in India?The collaboration between Playmaker Labs and Jio Platforms marks a monumental leap in the digital sports industry.Their shared vision and innovative approach are poised to redefine how millions of fans globally experience sports.The collaboration presents
117、 an unprecedented opportunity for Playmaker Labs to become a leading revenue generator in Indias dynamic digital market.It will help the company transform from a cricket organization to a sporting organization by expanding its community outreach and bringing technology-assisted sporting products to
118、Jios customers.What are your immediate plans afer sealing this partnership?Playmaker Labs plans to reach players,clubs,sporting fans and communities to provide them with an array of digitally augmented products.The aim is to change the way sports is consumed in India.With cricHQ scoring technology a
119、nd My Action Sports video highlights,upcoming stars can bring their stats to scouts atention.The partnership provides Playmaker Labs with a ready customer base of 10 million plus Jio set-top box users and 180 million plus Jio phone users.What are your future expansion plans?Playmaker Labs wants to d
120、iversify from cricket into other sports and games with their dynamic product offerings.The company is already working around Football and Hockey training using technology.The company aims to reach grassroots-level players and assist them with skill development around sports by promoting sports inclu
121、sion.It is working to provide tech services and engaging closely with unserved segments.The company also aims to make significant headway into the fantasy gaming sector,quickly growing in India and globally.Apart from India,it plans to expand into the Middle East,Europe,and the US.The objective is t
122、o position Playmaker Labs as a“play tech”company offering super-sports applications.The company is raising capital and are seeking potential investor partners who can be a part of the successful sports story.Sreedhar VenkatramDirector&CEO-South Asia,Playmaker Labs NZWellington,New Zealand GLOBAL SPO
123、RTSTECH VC REPORT 2023#GSTVCR23GLOBAL SPORTSTECH VC REPORT 2023#GSTVCR24M&A in Sports:Soaring Valuations and Multi-Billion Dollar Deals*to be confirmedBuild synergies rather than competeWeve christened 2023 as the Year of Consolidation in SportsTech,looking at the heightened M&A activity through the
124、 year.Moreover it seems like this moniker can also be extended to the Sports industry in general.Weve noted a number of prominent deals over the course of the year where sports entities have joined forces for a variety of reasons:to eliminate competition between each other(PGA and LIV Golf),to creat
125、e crossover and cross-promotion synergies(WWE&UFC)or form a combined entity to compete with the big boys(PFA&Bellator).In each of those deals,akin to any M&A deal,the underlying belief seems to be prety clear:more can be achieved together than apart.And with good reason,few asset classes have apprec
126、iated as dramatically as sports franchises or assets have in recent years.Between 2018 and 2023,the combined value of Forbes analysis of the 50 most valuable sports franchises surged by a staggering 90%to$256 billion.Considering the increased private investments in sports,the prevailing belief is th
127、at there is further value to be unlocked.Another illustration of this trend is the emergence of Multi-Club Ownership models(MCOs)in Football.As sports entities continue to find new ways of teaming up together,a pertinent question arises:does the sports fan actually benefit from all this?Or will they
128、 just be asked to foot the bill through increasingly expensive streaming subscriptions?Only time will tell.DATA SOURCE:SPORTSTECHX.COM/SPORTSTECHDB 21.407.006.004.003.001.501.301.201.200.95UndisclosedUndisclosedDeal Value($b)USAUSAUSAUSAUSAUKUSAIsraelItalyUSAUSAUSAAcquiree CountryWWE&UFCCreative Art
129、ists AgencyWashington CommandersPhoenix Suns&Phoenix MercuryCharlote HornetsManchester United*IMG AcademyNeoGames TechnologiesAC MilanOtawa SenatorsBellatorPGA Tour*TKO GroupGroupe ArtmisDan Snyder and GroupMat IshbiaGabe Plotkin&Rick SchnallINEOS GroupNord Anglia EducationAristocrat TechnologiesRed
130、 Bird CapitalMichael Andlauer and GroupPFALiv GolfAcquiree Name Acquirer USAFranceUSAUSAUSAUKUKAustraliaUSAUSAUSAUSAAcquiree CountryFactoreal:Convert Every Casual Fan To A Die-hard Fan!The sports industry is experiencing transitional trends with significant tailwinds for growth and transformation.Bu
131、t,there is no sports business without fans.Having a super-engaged fanbase is fundamental for a teams long-term business success.The connected fan today expects their favourite teams to connect with them in ways similar to D2C brands like Amazon or Netflix.But sports fans are more than just customers
132、.They are passionate,loyal,and invested in the success of their team with a deep emotional connect.Sports marketers are challenged today with the generic cookie-cuter approach of the numerous Martech tools out there,which do not maximise engagement,insights,or monetization.A tailor-made solution for
133、 the industry that recognizes fans for who they are,while at the same time solving the issues of disjointed tools,data silos,and cost of ownership,is the need of the hour.Such a solution would enable:Unifying fan data across all touchpoints.Avoiding“Spray n Pray”-segmenting the fan base&personalizin
134、g all communication.Automating fan journeys&workflows to improve operational efficiencies.Meeting fans on the right channel at the right time with the right message.What is Factoreal?Is it the solution that Sports marketers need?Factoreal is a Sports&Entertainment focused solution,which simplifies t
135、he communication stack,unifies fan data,and delivers stupendous ROI.With Factoreal,sports marketers get a 360 view of the fan,can create highly targeted segments and personalized messaging.With pre-built eco-system integrations,Factoreal helps teams execute on their marketing strategies in double-qu
136、ick time.Here are some of the key capabilities that Factoreal offersTrue omnichannel support with Email,SMS Text,WhatsApp,Push Notifications and Social Media with inbuilt CDP.Out-of-box integrations with ticketing platforms,shopping platforms etc.for fan data unification.Industry-first AI-driven Fan
137、 Maturity ModelTM for the deepest insights on fans.Industry-first FANCONNECTTM is for creating 1:1 personalized engagement between artists/athletes and their fans.Pre-built automations with Journey Wizard and Gen-AI tools.How has Factoreal helped teams in Fan engagement?Teams across multiple sports
138、and leagues are trusting Factoreal today,to realize class-leading engagement rates,higher conversion,and drive incremental sales.The United Soccer League(USL)onboarded with Factoreal,and using its Fan Maturity ModelTM,grew their fanbase by 4X,along with a massive 40%YoY increase in their Die-hard Fa
139、ns.With consistent class-leading engagement rates,the USL has experienced the best ever outcomes in the leagues history.The worlds leading Music Company uses Factoreal to create a personalized 1:1 engagement between their top artists and their fanbase.Factoreals FANCONNECTTM feature has enabled this
140、 client to introduce a new channel of engagement for their fans with their favourite artists and deliver greater than 80%average engagement rates.Where can I learn more about Factoreal?You can visit the website OR book a quick discovery call with our experts here.Try Factoreal today and convert casu
141、al fans into die-hard fans!San Francisco,USAGLOBAL SPORTSTECH VC REPORT 2023#GSTVCR25Aditya DhruvaCo-founder&CEOHave you ever seen 50,000 fans cheering an advert?Piing creates games for crowds:50,000 fans playing an arcade-style game on the jumbo screen using their phone as a controller,and 50,000 m
142、ore joining in real-time from their homes anywhere around the world.No app to download,no complications,just scan a QR code and the game is on.This premium fan engagement creates new high-value inventory for rights holders,and digital activations with data capture at scale for commercial partners.Wh
143、at problems in sports does Piing tackle?Were leading a revolution during downtime in events.These moments tend to be dull for spectators,who have nothing to do except scroll through their phones until play resumes or the racing restarts.Weve taken this habit and run with it,encouraging fans in the s
144、tadium to use their phones to play shared experience mass-participation games on the big screen.In return,we get to learn a bit about them.Piing is the absolute opposite of traditional stadia wallpaper media that is largely ignored and does nothing more than brand awareness.Piing takes the brand off
145、 the big screen puting it directly into the hands of the audience.A direct result of the positive engagement we create is up to 65%of fans opting in to marketing consent,and up to 83%of fans clicking our calls to action,plus we gain insights on every individual fans knowledge on the sport,commercial
146、 partners,and the sectors they work in.What have been some of your developments over the last 12 months?The past year has been stratospheric for the growth of Piing.Weve doubled last years sales and become a much-loved part of the fan experience in multiple sports.Football,motor racing,baseball,cric
147、ket,basketball,handball,mountain biking,kayaking,and eSports have all featured Piing games at their events.Our partners include leading global brands such as Adidas and Telefonica,and rights holders such as Man City,Atletico de Madrid,and the Tampa Bay Rays.Our multi-sport remit has made us an integ
148、ral element of events across the calendar and around the globe having engaged fans from the British and Vegas Grands Prix to Euroleague Basketball to the Womens World Cup,helping us lead the world in mass participation,fan engagement and brand activation.What can we expect from you in 2024?Were on a
149、 mission to engage fans at the greatest events on Earth.Weve proven that fans LOVE what we do,our tech scales and our clients will pay for our products.Now,were ready to scale our output both in terms of sales and marketing,and product development for more players,data and richer graphics and sound.
150、What are you looking for at the moment?Everything weve achieved to date has been bootstrapped with a minimal marketing budget.For our next phase,we are raising 1m Seed Investment to build Piing Platform V3 and bolster our sales and marketing budget for global sales.Piing is on the launchpad-we just
151、require some rocket fuel.If youd like to jump onboard as a partner,investor or client,please get in touch.GLOBAL SPORTSTECH VC REPORT 2023#GSTVCR26Gareth LangleyCEO&Co-FounderManchester,UKpiing.eventsPiing:A New Advertising Channel Disrupting Sports and Live Events GloballyGLOBAL SPORTSTECH VC REPOR
152、T 2023WearablesEquipment&Infrastructure67.9%32.1%#GSTVCR27Fitness Hardware Still Hot:Investors Continue to Show InterestLarge touch screen format the most popularFact:FitnessTech isnt going anywhere.The consumer appetite for expensive smart fitness equipment may have significantly diminished afer th
153、e pandemic induced boom but investors are still quite keen on the Peloton for X trend.Valuations for the companies themselves may have fallen prety dramatically(see Peloton and Tonal who had a significant down round in 2023),but other companies continue to emerge.Its almost as if investors are brute
154、 forcing the segment into finding mass-market acceptance.The For Activity Hardware sub-sector was the biggest contributor to investment in 2023,accounting for 28%of the overall funding raised.7 of the top 10 funded companies for the year in the sub-sector were Fitness related.The large touch screen
155、display format still seems popular with companies like Forme,Speediance and Magic raising significant rounds in the year.This despite the fact that the company which originally made the form factor popular,Mirror,was finally closed down by LuluLemon earlier this year.eGym tops the funding for this l
156、ist,an indicator that perhaps B2B might be the key to this segment.iFit,another B2B smart equipment supplier,was added to our unicorns list this year.They raised$355 million in February 2022,a year in which their revenue was reported as$1 billion.Whichever the format of delivery,direct-to-consumer o
157、r via B2B sales,it is clear that smart fitness equipment is here to stay.A segment which will continue to grow steadily,without hardly breaking a sweat.DATA SOURCE:SPORTSTECHX.COM/SPORTSTECHDB225.0130.020.011.010.0Amount ($m)MunichSan FranciscoStamfordLondonLos AngelesCity12345eGymTonalArccos GolfHu
158、upeReeplayerCompanyAmount in$bFunding Rounds200222023300.1978.31,560.9910.2414.0*496.8*2,000.01,500.01000.0500.00.08161756030*25*As of Oct 31 2023 *End of year estimate 28%Percentage of Total SportsTech Funding in 2023Total amount:$4.2b*/$4.3b*Top 5 Funded companies 2023Funding Amounts&Nu
159、mber of Rounds 2019-2023Funding Per Sub Sub Sector 19-23Ive always wondered why sports entertainment isnt more immersive,why I have to watch it through a specific,pre-selected lens.Thats why we created an engine that recreates real games in 3D&lets fans see the goal through the strikers eyes.Make th
160、em feel like theyre in the game.”What should we know about ReSpo.Vision?ReSpo.Vision is a DeepTech startup at the forefront of the sports analytics and entertainment revolution.Weve developed a groundbreaking 3D optical tracking system that captures detailed 3D player and ball position data from any
161、 single-camera game footage.Our system delivers practical,actionable insights and stunning visualizations,providing our clients-from teams and leagues to data and media companies-with unparalleled depth of knowledge and next-gen,immersive entertainment.What have been some of your developments over t
162、he last 12 months?Weve developed a system to recreate real-life sports matches in a realistic,immersive virtual 3D environment,where fans will be able to see the key moments of the game from literally any camera angle,including the players POV.Here is a demo.We want to provide sports media companies
163、&rightsholders with a product that increases fan engagement and time spent with sports content,thereby increasing monetization potential and media rights value.In the future,this technology can even create a whole new layer of media rights to be sold separately,increasing the size of the pie for the
164、 sports industry.Who would have thought a decade ago that data rights would be auctioned as a separate thing?What inspired the use of analytical data for entertainment?In todays competitive entertainment landscape,sport has to fight for fans atention against a tough lineup of competitors:streaming,v
165、ideo games,or social media-all engaging,interactive,and on-demand.There is a burning need for a more immersive sports viewing experience,particularly among younger audiences with shorter atention spans,who crave a sense of being in the game.We want to help the sports entertainment industry fight bac
166、k&win this batle.By engaging fans,we increase time spent on watching and interacting with content,directly boosting the value of the core product.With domestic media rights for major sports ranging from hundreds of millions of dollars to well over a billion,even a few percent increase in time spent
167、with the content translates into millions of dollars in a given country/league.What are the planned product features and how will they fulfil these younger fans desires,while also benefiting the rightsholders?The main features are:Immersive in-game replays:Fans watching the game LIVE can see the goa
168、l replay from any perspective-such as the goalscorers POV.Studio highlights:Pundits discussing the game in the studio can show&comment on the key moments up close,just as they happened on the field.Personalized highlights:Fans can create their own highlights of favorite players best plays seen from
169、any angle,and share them on social media-keeping them engaged long afer the game is over.Virtual stadium:A sports fan equipped with a headset can watch the game as if they were in the stadium or even on the field itself,opening up monetization opportunities for millions of supporters abroad.What do
170、you need to make it happen?With a working proof of concept,we are now ready to scale.Weve already closed a$4 million R&D grant to build this product,and were currently finalizing seed funding to supplement the grant.GLOBAL SPORTSTECH VC REPORT 2023#GSTVCR28ReSpo.Vision:Reinventing Sport with 3D Visi
171、onWarsaw,Polandrespo.visionPawel OsterreicherCEO&Co-FounderDid you know that over 85%of people globally have smartphones today?This is close to 7 billion people!Yet we still rely on outdated and expensive methods to capture and share information in sport.Have you ever dreamt of a world where the ent
172、ire sporting community,from grassroots enthusiasts to professional teams,could access top-notch tools in one seamless platform?Enter SportCentrAll a disrupter in sportstech,bridging the gap and democratizing access to professional-quality resources.What makes SportCentrAll so unique?SportCentrAll is
173、 not just an app;its a visionary platform that unites players,coaches,managers,tournament organizers,schools,clubs,parents,and fans in a connected ecosystem.Its about breaking down the walls of fragmentation and puting effective,powerful and professional-grade tools into the hands of every sports en
174、thusiast at an affordable price.You already have the hardware(in your hand),we just built the sofware!Every start-up promises the world,so how is SportCentrAll any different?Weve spent four years with sporting professionals(coaches,players,etc.)to understand their needs and problems.We realised that
175、 everyones problems are connected in one way or another.So we built one platform to serve them all.What were some of your successes this year?One standout accomplishment is the partnership with Netball South Africa for their national netball league.This collaboration has provided a tool for coaches
176、that offers real-time,detailed stats and video analysis a game-changer for strategic planning and player feedback.Commentators and selectors benefit from comprehensive player stats,while managers enjoy drag-and-drop substitution features.Fans are not lef behind,enjoying live streaming videos,scores,
177、results,ladders,team line-ups,and player profiles,creating an immersive experience.What is your current focus?SportCentrAll is on the lookout for strategic partners to catalyze its expansion.The goal is clear:to accelerate the reach and impact of this revolutionary platform,bringing its comprehensiv
178、e sports ecosystem to a global audience,at all levels.What is in store for 2024?Looking ahead to 2024,SportCentrAll is gearing up for a player-centric approach.The spotlight is on the individual athlete with the introduction of the Player Profile a centralized hub offering access to calendars,game s
179、chedules,stats,videos,notes,documents,achievements,training materials,workouts,and more.Its about empowering players with a digital home for their entire sporting world.It sounds like a Central Hub for All Things Sports?Exactly!Whether youre a player striving for excellence,a coach sculpting future
180、champions,a sporting body steering the course,or a dedicated fan cheering from the sidelines,SportCentrAll is your one-stop solution.Its more than an app;its a community,a comprehensive platform that unifies the diverse facets of the sports world into one cohesive and accessible space.In a world whe
181、re sports technology meets inclusivity,SportCentrAll stands as a beacon,reshaping the landscape and making professional-quality sports tools a reality for all.Say goodbye to fragmentation and intermediaries SportCentrAll is here to redefine how we experience and engage with sports.GLOBAL SPORTSTECH
182、VC REPORT 2023#GSTVCR29Philip SteynCEO&Co-FounderPerth,ASportCentrAll:Goodbye to Fragmentation&Intermediaries your smartphone can do it allGlobal SportsTech Investor Ecosystem 2023GLOBAL SPORTSTECH VC REPORT 2023#GSTVCR30DATA SOURCE:SPORTSTECHX.COM/SPORTSTECHDBFundsNetworksRoTWBossanovaSao PauloGo4i
183、tRio de JaneiroAsia PacificNorth AmericaEuropeDyansty EquityNew York CityBeyond the Game NetworkAtlanta Ludis CapitalLos AngelesThe Players ImpactBostonOregon Sports AngelsPortlandAsics VenturesKobeAthletic VenturesSydneyDream Sports InvestmentsMumbaiWildcard VenturesMelbourneXT VenturesSydneyFitnes
184、s VenturesHong KongLumikai VenturesNew DelhiSwing CapitalDubaiIndigo Capital PartnersLimassolHiro CapitalLondonBITKRAFT Esport VenturesBerlinDa One Global VenturesAbu DubaiADvantage SportsTech FundJerusalemApex CapitalCascaisB4 SportsBerlinVenturerockAmsterdamKosmos HoldingBarcelonaSeventureParisTru
185、st Esport VenturesBordeauxSports Investment PartnersLondonXarxa CapitalBarcelonaAser VenturesLondonElysian Park VenturesLos AngelesFitt InsiderPitsburghFitlabNewport BeachMark Cuban CompaniesDallasMindspring CapitalNewport BeachMaple Leaf Sport&EntertainmentTorontoLivWell VenturesAustinLRMR Ventures
186、AkronMSP CapitalNew York CityNext Play CapitalRedwood CityNext VenturesAustinPlaymaker CapitalTorontoPlus CapitalLos AngelesRabil VenturesSan FranciscoRSE VenturesNew York CitySapphire SportPalo AltoMonarch CollectiveLos AngelesPlay Time HoldCoSan FranciscoEP Golf VenturesLos AngelesSC30Bay AreaScru
187、m VenturesSan FranciscoSerena VenturesSan FranciscoSeventySix CapitalConshohockenSGIFLas VegasStadia VenturesSt LouisThirty 5 VenturesNew York CitySharp Capital AdvisorsNew York CitySixers Innovation GroupPhiladelphiaSapphire Sport VenturesPalo AltoJAZZ Venture PartnersSan FranciscoKB PartnersHighla
188、nd ParkLalotte VenturesMontrealKonvoy VenturesDenverLiquid 2 VenturesSan FranciscoNorth Castle PartnersGreenwichPhoenix Sports PartnerChicagoRaine Group New York CityRed Bird Capital PartnersNew York CityWhiteRockNew York CityTitletown TechGreen BayWill VenturesBostonVelocity Capital ManagementPalo
189、AltoTXV PartnersAustinMosaic General PartnershipSan FranciscoDRIVE by DraftkingsBostonDicks Sporting Goods Sports FundCoraopolisBruin Sports CapitalWhite PlainsCalvert Drive VenturesCupertinoBryant StibelLos AngelesCauseway Media PartnersCambridgeCerro CapitalNew York CityCourtside VenturesNew York
190、CityBluestone EquityNew York CityCartan CapitalSan FranciscoLangLevan GroupMontrealCardinal Sports CapitalTorontoRX3 Growth PartnersNewport BeachISOS WestportHawks VenturesAtlanta Remagine VenturesTel-AvivVarcis CapitalHong KongCentre Court CapitalMumbaiXV Capital SydneyION Crossover PartnersHerzliy
191、aPlay VenturesSingaporeRainmatterBangaloreSparring Sport CapitalParisVe2FundAmsterdamMercuriLondonMercury 13LondonAthletico VenturesLondonSkin In The GameLondonInspiring Sport CapitalParisShoraiValenciaCrowdsportBarcelonaSRG CapitalBarcelona24HayMarketLondonPlayers FundLondonImmutableSydneyNorthzone
192、LondonPulsar VCLisbonBelgradeCheckout theGlobal Sportstech MapEvery SportsTech Investor,Accelerator&Initiative.All in one SPORTSTECH VC REPORT 2023#GSTVCR31INDUSTRY SNAPSHOTSGlobal Snapshot3304Lorem ipsum dolor sit amet,consectetuer GLOBAL SPORTSTECH VC REPORT 2023#GSTVCR32Snapshot:Global SportsTech
193、 2019-2023GLOBAL SPORTSTECH VC REPORT 2023Amount in$mFunding RoundsFunding Amounts&Number of RoundsFunding Per SectorB2B vs.B2C FundingTotal amount:$29.7b*/$30.4b*3,375.63,978.612,456.28,365.31,477.4*2,216.0*12,500.010,000.07,500.05,000.02,500.00.06346*164*Fans&ContentManagement&Organisat
194、ionActivity&PerformanceB2CB2B200222023 *As of Oct 31 2023 *End of year estimate Data Date:Oct 31 2023Top 5 Most Funded CountriesAmount ($m)16,259.83,209.02,650.71,241.41,164.512345CountryUSAIndiaChinaCanadaGermanyTop 5 Funded CompaniesAmount ($m)3,545.01,525.0740.9739.0605.0Top CityJackso
195、nvilleMumbaiHong Kong SARParisSao Paulo12345CompanyFanaticsDream 11Animoca BrandsSorareGympass19.6%80.4%31.8%53.1%15.1%No of Rounds204#GSTVCR33DATA SOURCE:SPORTSTECHX.COM/SPORTSTECHDBGet the Pro Version of the report-More data,deeper insightsGLOBAL SPORTSTECH VC REPORT 2023PRICE:999AVAILA
196、BLE HERE#GSTVCR34Sub Sector Snapshot:For Activity Hardware Funding Amounts&Number of Rounds,Top 5 Most Funded Countries,Top 5 Most Funded Companies,Funding Per sub-sub-sector,B2B vs.B2C Funding for 2019-20231Sub Sector Snapshot:For Activity SoftwareFunding Amounts&Number of Rounds,Top 5 Most Funded
197、Countries,Top 5 Most Funded Companies,Funding Per sub-sub-sector,B2B vs.B2C Funding for 2019-20232Sub Sector Snapshot:Before/After ActivityFunding Amounts&Number of Rounds,Top 5 Most Funded Countries,Top 5 Most Funded Companies,Funding Per sub-sub-sector,B2B vs.B2C Funding for 2019-20233Sub Sector S
198、napshot:Content PlatformsFunding Amounts&Number of Rounds,Top 5 Most Funded Countries,Top 5 Most Funded Companies,Funding Per sub-sub-sector,B2B vs.B2C Funding for 2019-20234Sub Sector Snapshot:Fan ExperiencesFunding Amounts&Number of Rounds,Top 5 Most Funded Countries,Top 5 Most Funded Companies,Fu
199、nding Per sub-sub-sector,B2B vs.B2C Funding for 2019-20235Sub Sector Snapshot:Fantasy Sports&BettingFunding Amounts&Number of Rounds,Top 5 Most Funded Countries,Top 5 Most Funded Companies,Funding Per sub-sub-sector,B2B vs.B2C Funding for 2019-20236Sub Sector Snapshot:Organisations&VenuesFunding Amo
200、unts&Number of Rounds,Top 5 Most Funded Countries,Top 5 Most Funded Companies,Funding Per sub-sub-sector,B2B vs.B2C Funding for 2019-20237Sub Sector Snapshot:Media&SponsorsFunding Amounts&Number of Rounds,Top 5 Most Funded Countries,Top 5 Most Funded Companies,Funding Per sub-sub-sector,B2B vs.B2C F
201、unding for 2019-20238DATA SOURCE:SPORTSTECHX.COM/SPORTSTECHDBTHATS A WRAPMethodologyThe data from this report was obtained by reviewing over 6,000 startups and nearly 5,000 funding deals in Global SportsTech.Here are some key things to know about how this analysis was approached.While we always want
202、 to be as inclusive as possible,we have applied certain criteria to ensure that all data is representative of current trends.All companies founded before the year 2000 have been excluded unless otherwise stated,such as Fanatics.Only deals announced during the period of Jan 1,2019-Oct 31,2023 were co
203、nsidered,(excluding some deals announced in early November 2023,such as the acquisitions of ASM Global by Legends Hospitality).Deals completed in that period for companies that are not currently active have also been included.As in every year,we expect some amount of reporting lag as not all deals f
204、rom last year would have been announced.As a result,we have added 25%to the total funding value reported for 2023 and 15%to the total M&A value reported.All deals are reported in USD.For deals not in USD,the average conversion rate for the deal currency to USD in the deal year was utilised.As far as
205、 possible,we have sourced public domain information for all the deals that we report on.This includes funding announcements made on a variety of media channels.One last thing:As always,our team spends countless hours pouring over interviews and data around startups and funding rounds,but the nature
206、of the beast that we try to tackle is that some will inadvertently get missed,especially from the last year.Nonetheless,we are confident that the information we present paints a prety accurate picture of all that is happening in the industry,enabling us to draw strong inferences about where it is he
207、aded.#GSTVCR36GLOBAL SPORTSTECH VC REPORT 2023Thank you!We would like to thank our fantastic team for the work thats gone into this report.Without their initiative,innovation and hard work this wouldnt have been possible.A great team is greater than the sum of its parts.These are the people that mak
208、e us a great team.Graphic DesignThe report was designed by Ryan Hays.Thanks a lot for your continuous support!Check him out at Content NoteThe content in this report is for general information purposes only and can change at any time.SportsTechX can not guarantee the ultimate accuracy or completenes
209、s of the data.ImprintAuthors:Rohn MalhotraCompany:The Global SportsTech VC Report is a product of SportsTechX GmbHAddress:Rheinsberger Str.76/77,10115 Berlin,GermanyContact: SPORTSTECH VC REPORT 2023Kimberly FernandezBusiness Development&CommunicationsRohit LaddhaResearchVishnu DixitResearchAtiriya NarayanResearchSwapneel ChatterjeeMarketing&CommunicationsKhyati ChoudharyMarketing&Communications