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96 - Sports Technology Investor Opportunities
Latest start-ups seeking funding
Bryan Roberts
August 22, 2023
Welcome sports innovators to the future of sport.
This is our new round-up of sports technology companies seeking investment (22nd August 2023)
This is information – not financial advice or recommendation. Please see Financial Disclaimer at the bottom of this email.
Sunday Golf
VIIT Health
Reel analytics
Fitjab
Would you like to ask us a question about the technologies on offer? Send us an email: [email protected]. No financial advice can or will be provided but we will respond to genuine questions regarding sports technology.
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1: SUNDAY GOLF
Golf bags & gear designed fore the weekend.
$5M revenue in 2022
Sold in all major retailers: Dicks Sporting Goods, Golf Galaxy, PGA Tour Superstore, Scheels.
100,000+ bags already sold.
$15M pre-money valuation
Funding Link: https://wefunder.com/sundaygolf/
Website Link: https://sundaygolf.com/
2: VIIT HEALTH
Non invasive technology that can measure blood glucose levels, oxygen saturation and heart rate accurately and affordably using light.
13 Clinical Trials, 93% accuracy for regular blood glucose levels
+$2.5M raised from leading private investors
Strategic alliances with Softeq Engineering, Atomic32, Iasotek & Mexico City's Technology Department
$20M valuation cap
Funding Link: https://wefunder.com/viithealth
Website Link: https://viit.health/
3: REEL ANALYTICS
AI-powered technology analyzes video to measure in-game athleticism. This provides coaches with more accurate player evaluations, and creates short-form video content for fan engagement.
Reel Analytics has emerged as a trusted authority in the player evaluations space by the NFL Players Association, NFL scouts, NFL agents and nationally ranked college football programs like the University of Georgia, University of Michigan and Texas Christian University (TCU)
~$12M valuation
Funding Link: https://netcapital.com/companies/reel-analytics
Website Link: https://reel-analytics.net/
4: FITJAB
FitJab aims to be the premier muslim-friendly fitness application for women.
Over 800 million muslim women face numerous obstacles in basic rights and societal obstacles from country to country, including:
Inability to train in gyms (according to Islamic tradition, women must train in separate gyms from men)
Inability to open a bank account without male permission or support
Lack of sports and nutrition products on the market meeting women’s needs
Minimal support for muslim female entrepreneurs
Limited access to higher education for women
Limited online resources for women in their native language
300,000+ downloads of the FitJab app
50,000+ paying users between B2C and B2B business lines
>370% compound annual growth rate (CAGR) of revenue from Q1 2020 through Q3 2022
~$19M valuation
Funding Link: https://netcapital.com/companies/fitjab
Website Link: https://fitjab.io/
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FINANCIAL DISCLAIMER
This is information – not financial advice or recommendation
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The information does not constitute financial advice or recommendation and should not be considered as such. Kit Radar Ltd is not regulated by the Financial Conduct Authority (FCA), it’s authors are not financial advisors and it is therefore not authorised to offer financial advice.
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