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Tag Archive Venture Capital

Suburban Chicago VC Firm Raises $40M to Invest in Sports Tech

Chicago is undeniably a sports town. But it’s also a sports-tech town, as it’s home to major sports technology companies like STATS, Zebra Technologies and Vivid Seats. Chicago is also home to Sportvision, a graphics company best known for inventing the yellow first down marker in football broadcasts.

To invest in the burgeoning sports-tech scene in Chicago and around the country, VC fund KB Partners announced Monday that it raised a $40 million fund to invest in early-stage startups.

The Highland Park-based firm, calling its new fund the KB Partners Myriad Opportunity Fund, will invest in connected fitness, health and wellness tech, as well as e-sports, fantasy sports and sports betting, a sector that is expected to grow considerably now that sports betting is legal in Illinois. KB Partners said it plans to lead or co-lead Seed and Series A rounds for sports tech startups through the new fund.

The firm, founded in 1996, is led by Keith Bank, Steve Ahern and Lance Dietz. The Myriad Opportunity is the firm’s latest fund. Previously, KB Partners has invested in successfully exited startups, such as Club Champion, Buddy Media and Exacq.

So far, KB Partners has invested in the following sports-tech companies from around the country:

  • ANGLR: A Pittsburgh-based company that has developed a hardware- and-software powered fishing intelligence network to help avid anglers optimize their time on the water
  • Asensei: A San Francisco-based company focused on disrupting how people train and practice via a virtual AI- enabled “connected coaching” platform
  • Hammerhead: A New York City-based company focused on revolutionizing how cyclists navigate, train, and connect via a revolutionary hardware and software platform
  • StreamLayer: A Chicago-based software company that seeks to change how video content is consumed and monetized
  • Upcomer: An LA-based company that provides an e-sports community and content platform to keep fans and participants updated and engaged
  • Workforce Athletics: A San Francisco-based corporate wellness and culture company that is building a highly curated and centralized platform for team sports participation and engagement in the workplace
  • XY Gaming: A San Francisco-based e-sports infrastructure company utilizing its proprietary technology platform to redefine how gamers compete

SOURCE: AmericanINNO – Chicaco
LINK: https://www.americaninno.com/chicago/inno-news-chicago/suburban-vc-firm-raises-40m-to-invest-in-sports-tech/

Athletic Venture Advisors – Portfolio Partners

Athletic Venture Advisors is growing and adding new Investors to our portfolio.


Toronto, Ontario, Canada – April 1, 2019: Athletic Venture Advisors has seen a significant growth in the interest of Funds seeking our assistance, guidance and expertise in the fields of Sports, Sport Technology, Health & Wellness, Consumer Electronics, Fitness and more. AVA are proud to work with some of the biggest players in these spaces, and are seeking to add to our network.

“We are pleasantly surprised at the willingness, openness and collaboration that happens in this industry. I think it’s exciting for everyone involved, and I believe that everyone we have met is here for the same reason; We love seeing new ideas come to life”


Marc Wilson, Founder of Athletic Venture Advisors

As the company develops new services, partnerships and clients there is a need for partners who operate at various levels of investment in the industry as well as advisors to grow the network of funds and opportunities.

If you are interested in joining the Athletic Venture Advisors network of investors, partners and clients please fill out the following form so that services and opportunities are a valuable fit for your business.

About Athletic Venture Advisors:

Founded in 2018, AVA was created by entrepreneurs who navigated the sports industry, that wanted to make sure that opportunities that further the growth of the industry are seen and supported. AVA boasts a network of Entrepreneurs, Advisors, Funds, Investors, Athletes and Industry Experts who have the resources and networks so cultivate investment and strategic partnership opportunities in sports and sports technology.

For more information:
MEDIA CONTACT:
Marc Wilson
519-870-1817
info@athleticventureadvisors.com

Athletic-Minded Businesses seek like-minded investors.

Entrepreneurial-Athletes seek like-minded Businesses.

Fund Directors seek opportunities in this lucrative market.

GUARDLAB ANNOUNCES NEW HOCKEY AMBASSADOR, NHL FORWARD, JAMES VAN RIEMSDYK

NEW YORK, Feb 14, 2019 — GuardLab® a New York – based custom mouthguard company specializing in 3D technology and 3D printing announces today a new Hockey Brand Ambassador, NHL forward James van Riemsdyk of the Philadelphia Flyers. Van Riemsdyk joins a diverse and talented spec trum of passionate and dedicated athletes, who believe in the quality of GuardLab products and our modern technology to improve the way athletes protect their teeth.

GuardLab uses 3D technology, powered by 3Shape, to make the most accurate fitting mouth guards, coupled with a proprietary Alignment Repositioning Cushion (ARC™Technology) that can help to increase oxygenation, reduce TMJ tension and stabilize the head, neck and jaw muscles during training and competition.

The American – born hockey player, a lso known as JVR , grew up in Middletown, NJ and experienced an orofacial injury early in his career while playing minor hockey. Since that time, and for several years since, Van Riemsdyk has been wearing a lime green dentist – made custom mouthguard to prote ct his teeth, trying out different custom guards from his dentists. Custom fit mouthguards offer the best in protection, however, the styles and thicknesses can vary from dentist to dentist and traditional putty impressions are required for every new guard .

After getting 3D scanned for an ARC – PRO Guard in 2018, van Riemsdyk was surprised by the ease, comfort, and accuracy of 3Shape TRIOS and the soft, thinner protective mouthguard made by GuardLab.

“I first got scanned for my GuardLab mouthpiece this past summer and the process couldn’t have been easier. It only took about ten minutes to do the 3D scan, so you don’t have to deal with the messy putty, clearly the technology is way better. I feel like that [process] allowed for a better fit, and now I find that my mouthguard is in my mouth more often than hanging out of the side of it. Not only was the process way easier, but the product is way better than what I’ve had in the past” said NHL forward, James van Riemsdyk .

Without major changes to his teeth, the same digital impression can be used to make as many mouthguards as JVR needs, sent directly to the athlete or organization in a matter of days. What was once a common site to see van Riemsdyk chewing his lime green mouthguard, may now become a thing of the past with GuardLab.​

Van Riemsdyk’s career includes over 650 NHL games played with the Philadelphia Flyers (2009 – 2012 and 2018 – to present) and the Toronto Maple Leafs (2012 – 2017). JVR is an exciting Hockey Brand Ambassador for GuardLab, as an active goal scorer with over 216 goals and 205 assists to – date, and counting.

About GuardLab, Inc.

GuardLab is a sports technology company changing the way you protect your teeth. We use 3D technology and 3D printing to create premium products that are accurate and comfortable, while being the most scientifically advanced – all at a fraction of what you would pay at the dentist, and available from the comfort of your home. GuardLab has partners and clients across all major professional and collegiate sports leagues including the NFL, NBA, MLB, NHL, UFC, MLL and NCAA – including the multi – time and current Super Bowl Champion New England Patriots, the NCAA National Champion UNC Men’s Basketball, as well as the Vancouver Giants, Syracuse Crunch, Philadelphia Eagles, Tennessee Titans, Toronto Blue Jays, Toronto Argonauts, Toronto Raptors, Denver Nuggets, AFL League and many more.

To learn more about GuardLab’s Dental Network or to find a 3D Scan Location near you, visit guardlab.com

Follow GuardLab on Facebook, Twitter and Instagram @guardlab

#guardlab #BrandAmbassador #JVR #vanRiemsdyk #NHL #hockey #PhiladelphiaFlyers

Canadian Blockchain Company Helping Further eSports Development

https://coinsquare.com/register/?r=80UMM

Nova Scotia-based technology startup Ubique Networks, Inc. partnered with Sri Lanka’s national telecommunications provider Sri Lanka Telecom (SLT) to use blockchain to power eSports for Sri Lankan gamers.

Originally reported by gaming new site Gaming Post, the two parties signed a formal agreement in November 2018 at the Sri Lankan-based Canadian High Commission.

Ubique Networks will provide it’s Swarmio technology, based on its “Q Network” blockchain protocol to provide a decentralized gaming platform for Sri Lanka. The Swarmio dApp, according to reports, is already used by around 25,000 eSports players.

Swarmio’s goal is to allow gamers or eSports players to compete against each other globally with zero lag or latency using its blockchain and intelligent technology.

The technology will be used to meet Sri-Lankan gaming demand from millenials. eSports players will be able to organize and play in competitions based on Ubique’s blockchain technology. There currently appear to be three games available on the platform.

The Q Network uses distributed ledger technology (DLT) and artificial intelligence (AI) to provide real time interactive services. As well as the Swarmio dApp technology, Ubique Network’s is exploring its blockchain protocol’s application for 5G mobile internet of things (IoT).

The Q Network blockchain also has a native dApp called Q Node which allows normal PC users to peer-to-peer share idle resources. Users can choose to allocate unused storage space or processing power when their systems are not in use. Decentralized resource sharing could eventually begin to replace massive centralized data centers by using a connected network of many smaller devices which share power and resources where needed.

Ubique Networks hopes to build a hyperconnected, yet decentralized, computer network using its Q Network blockchain.

The company was created in 2015 by CEO Vijai Karthigesu. The organization received funding from investment from Toronto-based venture capitalists Extreme Venture Partners (EVP) and Nova Scotia’s Innovacorp. The company also won an “Export Achievement Award” from Nova Scotia’s Sydney Chamber of Commerce in 2017.

On top of equity investments and prize winnings, the company received a repayable investment of $500,000 from the Atlantic Canada Opportunities Agency’s Business Development Program in June 2018. This last funding was to expand its team from 14 to 24 and help with commercializing the platform and upgrading data centres.

In December 2018 Ubique added a third Canadian office at Volta Labs in Halifax, Ontario.

Image credit: Ubique Networks logo

SOURCE: Coinsquare

URL: https://coinsquare.com/register/?r=80UMM

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