Global Sports Tech Update | March 2022

LONDON | NEW YORK | LOS ANGELES | April 20th, 2022 – Drake Star is pleased to release the February 2022 edition of its Global Sports Tech Industry Update. M&A activity in March grew with 16 deals announced and $213m in disclosed deal activity.

• Team Finest acquired esports club Monaco eSports for $10m
• Sportizon acquired online esports and gaming platform Kayzr for an undisclosed amount
• rSchoolToday acquired high school sports platform VNN for an undisclosed amount

Fundraising activity in March reached a total of 48 deals and $2.2bn in disclosed funding

• FanCraze raised $100m in a Series A round led by B Capital Group and Insight Partners
• Mojo raised $75m in a Series A round led by Thrive Capital
• Lucra Sports raised $10m in a Series A round led by Raptor Group

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