Written by DrakeStar | Mar 20, 2023, 11:23:52āÆAM
DrakeStar Sector Insights: We are pleased to publish our Sports Tech 2022 report outlining a record year for the industry. Download the report to gain access to key data including:
šµ Global Sports Tech industry saw record year with 1,000+ deals & $90B in disclosed deal value
šµ Over $78B in M&A deal value with some of the largest ever Sports Tech M&A deals this year and top buyers included strategics such as Entain, Sony, Light and Wonder and PE platforms in TGI/Bruin, Kore/Serent and Hudl/Bain
šµ More than $9B was raised in 740+ financing rounds of private companies
šµ Over $5B of new funds were raised by financial investors / buyers
šµ 2023 will be another year where we expect strong consolidation and significant flow of investment into sports tech companies
šµ 2023 will see greater developments in Fan engagement, AI, ticketing and venue management categories