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According to Grand View Research, the global sports betting market is expected to grow to $182.12 So we are seeing a number of startups throng around this market. Thus, HotStreak , a web3 platform for daily fantasy sports (DFS) contests, is betting that a decentralizing payments is an ideal solution for DFS platforms.
Sports have been among some of the most popular and lucrative media plays in the world, luring broadcasters, advertisers and consumers to fork out huge sums to secure the chance to watch (and sponsor) their favorite teams and athletes. Even with the slowdown in a lot of sporting activity this year due to COVID — in the U.K.
Youth sports are an integral part of our communities, bringing families together and helping kids all over gain confidence and skills. Today, LeagueApps , which aims to be the operating system for youth sports organizations, announced it has raised $15 million in a Series B round of funding. It’s a lot. Image Credits: LeagueApps.
For this week’s deep dive, Alex and Natasha dug into the burgeoning sports media, sports gaming and fantasy sports world through the lens of some early-stage startups. Naturally, the Equity team is what comes to mind when you consider the correct and right people to discuss sports. We are here to back up your priors.
While he didn’t necessarily make it to the “big leagues” playing the sport, his new company Draftea aims to win over the 350 million sports fans in Latin America, Jaime Misrahi told TechCrunch in an interview. Draftea’s app charges sports fans a fee to draft a lineup of players and compete to win daily cash prizes.
In the world of sports betting, instant payments and reliable custody are key to the user experience. HotStreak , a web3 platform for daily fantasy sports (DFS) contests, is wagering that the decentralized nature of the blockchain makes it an ideal solution for DFS platforms. It doubled in size in 2021 with over $52.7
Hiro Capital has gradually been making a name for itself as an investor in the area know as “Digital Sports” or DSports for short. based PlayerData uses wearable technology and software tracking to give grass-roots and professional sports teams feedback on their training. It’s now led a $2.3 Edinburgh, U.K.-based
We determined that event marketing is kind of this massive team-wide sport,” Reynolds told TechCrunch. “It It involves executives, the sales team, all the different marketing teams, operations and procurement, but there’s no platform or system of record to help with that collaboration, accountability and visibility.”.
Champions Round , a fantasy league startup that caters to Gen Z sports fans, announced today that it raised $7 million in new Series A funding. Users, particularly Gen Z users, are moving away from traditional fantasy sports, where leagues are tied to entire seasons. participate in DFS, up 12% from 2019.
The big news at this year’s show is a number of partnerships with brands across the sports spectrum, including: Adidas Running, Trailforks (cycling/hiking), Wearable X (yoga), Slopes (skiing) and 18Birdies (golf). The company also announced today a $45 million Series B-1, following last April’s $51 million raise.
A fantasy sports exchange founded by Irish betting veteran Paddy Power is bringing NFT-enabled live trading to rugby fans in a bid to expand globally. ASX Sports launched in May 2021 and took its exchange live on the Apple and Android app stores earlier this month. million active rugby fans, per sports analytics firm Gemba.
The Exchange explores startups, markets and money. A mix of business units that it breaks down into four categories: Physical Sports and Entertainment (trading cards), Digital Sports and Entertainment (digital collectibles, apps and games), Gift Cards (gift cards for external brands), and Confections (candy). Why do we care?
How Klaviyo used data and no-code to transform owned marketing (3,000 words/12 minutes). Marketing in 2021 is emotional and not just transactional (2,200 words/9 minutes). Drama and quirk aren’t necessary for startup success (1,900 words/8 minutes). Image Credits: Nigel Sussman.
Ant would have sported a possible market valuation of more than $300 billion at its IPO price. Ant’s delay has cost its former parent company around $60 billion in market capitalization in a single day. That the IPO was called off is financial news on a scale that is hard to comprehend.
Football or soccer, the latter commonly used in the US, is the most popular and watched sport globally with over five billion football fans according to its apex governing body , FIFA. “So we did some research and realised there was a massive market gap for this kind of game [fantasy football] in the Middle East and Africa.”
But before we do, we wanted to note that Anna and I are looking into the AI startup market tomorrow morning. The Exchange explores startups, markets and money. . The company will sport a lower, $3.6 Today it’s Babylon Health, a British healthtech company that is pursuing a U.S. listing via a blank-check company, or SPAC.
“Our biggest advantage and differentiator is that we are strictly focused on the sports world and fan engagement,” he tells TechCrunch. “We love Cameo , but we’re really different and focused on sports.” “We love Cameo , but we’re really different and focused on sports.”
There’s no question that we are in the middle of a long-running and accelerating venture bull market. It is more like playing an entirely different sport. First, the extremely lucrative exit market has created the economics to support mega late-stage rounds and venture rounds of $100 million or more.
Mobile Premier League (MPL) has raised $95 million in a new financing round, just five months after it secured $90 million as the two-and-a-half-year-old Bangalore-based esports and gaming platform looks to grow in international markets. Indian fantasy sports app Dream11’s parent firm raises $225M at over $2.5B
Rugby in Japan is supported by three main organizations: the JRFU, the general incorporated association Japan Rugby League One (JRLO), and Japan Rugby Marketing, which handles fan engagement. At that time, the decision was made to produce the official match footage themselves rather than by the broadcasting station J Sports.
DraftKings is charging into the NFT game, announcing a marketplace aimed at curating sports and entertainment-themed digital collectibles for its audience of enthusiasts. The platform is “debuting later this summer,” and showcases another potentially lucrative expansion for the fantasy sports betting company.
The deal will accelerate PlayVS during its growth phase and help it expand into the Canadian market. GameSeta has a partnership with BC School Sports, the governing body for organized school sports in British Columbia, which will transfer to PlayVS. PlayVS has served more than 19,000 high schools across all 50 states.
Ishveen Anand grew up in England playing sports all of her life, including during her time at Oxford. She wanted to do something sporty for a career and “fell in love” with sponsorship marketing. The round is led by Philadelphia 76ers owner David Blitzer, who is joined by Eric Stern and executives from WWE and Excel Sports Management.
And in the market of sports memorabilia, authenticity (even if it includes sweat, blood and tears) is everything. “We Alston grew up surrounded by philanthropy and sports. After Mov had difficulty scaling its marketplace, he thought of new ways to define his market. We send it as is,” he said. “We
This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can follow the show on Twitter here and myself here. The deal is reported to be worth around $500 million.
But data on sponsorships, like who’s sponsoring who, can be tough to come by because of the various forms they take — and channels on which those sponsorships take place (think not only websites and social media posts but also physical signage and even sports team jerseys). based major league sports team.
Fast growth pushes an unprofitable no-code startup into the public markets: Inside Monday.com’s IPO filing. Fast growth pushes an unprofitable no-code startup into the public markets: Inside Monday.com’s IPO filing. By 2024, analysts predict cars with voice recognition will comprise 60% of the market.
” What interested parties should know not to expect are event contracts around sports outcomes (“that’s very much like gambling, and we don’t [facilitate] that,” says Lopes Lara.).
It was a famously successful investment, with Arm going public in 2023 and currently sporting a market cap around $124 billion. The fund regularly ranked among the most-active and highest-spending startup backers a few years ago, around the market peak. SoftBank has also been stepping up activity for its Vision Fund.
When we last checked in with Alt back in March, it had just raised $31 million for its alternative asset platform — a platform, thus far, used primarily by those looking to research, trade and securely store high-value sports cards. ” Sports trading card platform Alt launches with $31 million in funding and plenty of market hype.
Now the company is reaping the benefits of its trailblazing status with a new $305 million financing led by some of the biggest names in Hollywood, sports and investing. It’s like the one thing that cryptocurrency can do really well and it’s been embraced far beyond the world of sports collectibles.
The business publication’s news follows BuzzFeed’s journey to the public markets through a blank-check company. The Exchange explores startups, markets and money. Forbes reports that it will sport “an implied pro forma enterprise value of $630 million, net of tax benefits,” after its completion.
billion pre-packed oats market with his first product, a direct-to-consumer instant oatmeal called The PrOATagonist. To help Chernow tap into the industry, he brought on former RX Bar chief marketing officer Victor Lee to lead the brand’s go-to-market strategy. Chernow raised $2.2 Now he is targeting the $3.3
In the video category, WSC Sports, which uses AI to generate personally tailored video clips for sports fans, landed $100 million in Series D funding nearly a year ago. Crunchbase broke down some of the biggest winners in an early February dispatch.
Mojo , a seven-month-old, New York-based company, says it’s looking to build a new sports stock market that lets fans bet on athletes just like stocks. — it will likely know exactly who its customers are.
The media licensing business is a massive market, but much of the work involved is still handled manually through emails and spreadsheets. The new round was led by Sapphire Sport, the part of Sapphire Ventures that specializes in sports, media and lifestyle brands. A startup called Flowhaven is working to change that.
IROKO , a Nigerian-based media company, could file to go public in the next 12 months on the London Stock Exchange (LSE) Alternative Investment Market. But amid pandemic-induced lockdown fears, consumer discretionary spending reduced in Nigeria and other African markets. Africa can list more gazelles at home than unicorn IPOs abroad.
An intelligent and automated micro-savings feature where users can create personalized rules (such as transferring $15 into a rainy day fund every time their favorite sports team wins). In particular, it plans to next focus on the Brazilian market, and will scale in a few select countries in the Americas. . In the U.S.,
“The problem with ‘traditional’ D2C is that product-market fit is a huge unknown,” says Alessio Bruni. “Over the past decade, venture capital funds have invested billions of dollars into D2C businesses and only a very few of those have actually managed to hit product-market fit. . Meanwhile, on U.S.
It then added massage, beauty treatments, housekeeping, babysitting and sports coaching. Up next, Wecasa expects to launch its service in a couple of new European markets as soon as next year. And Wecasa now seems to be well positioned to build a strong brand and service across multiple markets.
Turning the page from the early-stage venture capital market to the super late-stage exit market, this morning we’re talking about endpoint security company SentinelOne’s IPO in the context of Sprinklr’s own. The Exchange explores startups, markets and money. This means we can do some unpacking and thinking.
But what if you’re a sports fan, and using your credit card could lead to a virtual conversation with a player on your favorite team? Cardless is attempting to shake up a massive market. Cardless is not restricted to working with sports brands. Many consumers use their credit cards to rack up rewards to be used toward travel. .
The startup also plans to expand its team in preparation for the commercialization of AXIS later this year to cater to the rapidly growing market of gamers, tech adopters, content creators and fitness enthusiasts. Refract will continue delivering immersive and engaging XR and VR experiences to a growing market of 2.9 ” .
I’ve been thinking about the NFT market quite a lot lately, mostly scratching my head at some of the prices folks are willing to pay for certain ownership signatures on particular blockchains. That’s a pretty darn slim market. The Exchange explores startups, markets and money. A famous sports moment, for example.
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