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Global Sports Tech Update | April 2022

LONDON | NEW YORK | LOS ANGELES | May 20th, 2022 – Drake Star is pleased to release the April 2022 edition of its Global Sports Tech Industry Update. Sector valuations were down across the board vs March.

  • PSG-backed BackLight acquired video and hyper distribution platform Wildmoka for an undisclosed amount
  • Infinite Reality acquired esports company RektGlobal for $470m
  • Better Collective acquired FIFA community platform FUTBIN for $115m

Fundraising activity in April reached a total of 41 deals and $3.0bn in disclosed funding

  • Onefootball raised $300m in a Series D round led by Liberty City Ventures
  • Oxygen Esports raised $20m in a Series A round led by Banner Ventures
  • OpenSponsorship raised an undisclosed venture round from Serena Ventures and David Blizter (angel investor)


Drake Star Global Sports Tech Team:
Gregory Bedrosian, Eric Ward, Michael Metzger, Mathilde Deschamps, Edward Page, Michael Heilweil

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Gregory Bedrosian
Managing Partner & CEO, Member of the Executive Committee Consumer & Retail Tech Digital Media Digital Services
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Eric Ward
Managing Partner Consumer & Retail Tech Digital Media Software/SaaS

London

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Michael Metzger
Partner Digital Media FinTech

Los Angeles

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