Mergers continue strong pace in our target sector. VC funding rushed to get into the sector before the year-end hiatus. NFL and NBA vets making moves with investments and their own project launches.
Top Stories
Mergers Remain The Story in Sports, Gaming, and Fitness
🤝🏻 Private equity firm Norwest buys sports equipment maker United Sports Brands. TeamSnap acquires Mojo Sports in youth athlete tie up.
Keyword Studios purchases The Multiplayer Group in metaverse gaming play for $97.1MM. Gaming platform MPL buys NFT marketplace Good Game Exchange. Publisher Hearst acquires online gaming platform Puzzmo. Crypto media site Decrypt merges with Rug Radio. Linktree grabs Koji in creator platform merger.
Technogym sells EUR 111MM stake to Saudi investment fund. SWEAT founders buy company back from iFit. Whoop acquires AI-chatbot AnyQuestion for coaching upgrades.
Tech news, capital raises, and more
⚽ European sports facility platform Sports Alliance gets $100MM funding here
😅 Employee wellness company Urban Sports Club snags EUR 95MM read
💬 GameOn sports chatbot closes $25MM funding and expands as On more
🧮 South African sports analytics startup Sportable gets $15MM details
🎮 Gaming engine W4 Games grows with $15MM injection here
🏋️♂️ Aussie connected strength platform Vitruvian adds $15MM read
🏉 Picklebet scores AUD$15MM for sports betting more
🏋🏻 Fitness coaching platform Ladder brings in $12MM details
⚽ Soccer fan platform FutConnect inks $12MM funding here
🎮 Allstar raises $12MM for video game content creation read
💸 Plug and Play launching Dallas sports tech accelerator details
📖 Download the Global SportsTechX VC report here
Athletes in the News
🚀 NFL vet Chubb launches Atlanta wellness studio here
🏫 Dak, Kelce, and more join Patricof in IMG Academy investment details
💰 Athletes including Avril, Smith, Quinn partner with new sports fund read
⚽ Ronaldo participates in $40MM funding round for UFL soccer video game more
⛵ Raven’s Smith joins SailGP team here
🏂 Snowboarder Shaun White invests in We Are Camp read
👟 Kyrie invests in sneaker platform Kicks Crew more
Portfolio Company Job Postings
Eight Sleep (Fitness): Engineer and Design roles here
Oura (Fitness): Engineer and Product roles here
Future (Fitness): Performance Coach role here