$306,005,000+
*Data updated daily at 18:00 EAT
Cape Town-headquartered Venture Capital (VC) firm HAVAÍC has announced its first investment in Sportable. The sole African institutional investor, HAVAÍC is contributing USD 1 M as part of a USD 15 M Series A investment round, also including renowned US-based sports investor Ryan Sports Ventures and Australian fund XV Capital led by Stirling Mortlock and James Godfrey.
Sportable deploys Micro-Tracking (MT) technology to enhance data collection and analysis in ball and contact sports, particularly rugby, soccer, and American football. MT modules fitted in balls and on players are plotted by Radio Frequency (RF) beacons around the field to accurately capture and process data. The wireless hardware and cloud-based platform can be set up and broadcast-ready within 90 minutes to analyse games with near-zero latency. Partners use the insights delivered via APIs and event streams to produce actionable real-time data.
The investment will allow Sportable to further expand its successful partnerships with leading international tournaments, including the Six Nations Rugby Championship, as well as global ball manufacturers, media companies, and sporting leagues.