The Sports Playmaker: Investment Roundup (28th July)
The Sports Playmaker
A full service agency focused on supercharging the growth of startup and early stage sports tech & media companies
FaZe Clan Weighs Acquisition Offers from GameSquare Esports
North American esports giant FaZe Clan is reportedly evaluating acquisition offers from GameSquare Esports and Enthusiast Gaming, While discussions are still ongoing, the potential deal may involve an equity swap or a cash injection.
In response to the report, both FaZe Clan and GameSquare have declined to comment, leaving the situation shrouded in mystery. However, a recent SEC filing by FaZe Clan stated that the company's board of directors is actively assessing various options to reshape its capital structure, hinting at a potential partnership with a strategic or financial entity.
Microsoft and Green Bay Packers Secure $70M for TitletownTech VC Fund
TitletownTech, the venture capital fund established with the backing of Microsoft and the National Football League's (NFL) Green Bay Packers, has successfully concluded its second fund, raising an impressive $70 million to invest in technology startups.
A total of 27 investors, both new and existing, contributed to this funding round, marking a significant surge in the capital under TitletownTech's control. Since its launch in 2019, the fund has amassed a total of $95 million in capital, focusing on early-stage companies that are driving innovation in sports or addressing challenges in industries crucial to the US Midwest.
Formula 1 Nears $1 Billion Settlement for Expansion Ahead of U.S. Races
The expansion plans within the world of Formula 1 have been a constant subject of discussion throughout this year, and it appears that a resolution may be on the horizon as the series gears up for the U.S. Grand Prix in October and the inaugural Las Vegas GP the following month.
Notable American racing figure, Michael Andretti, has expressed keen interest in forming an F1 team in collaboration with Cadillac, signalling a potential new addition to the grid. Simultaneously, the U.K. racing group Hitech is also in the spotlight as a significant player in the expansion talks.
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ScorePlay Secures $5 Million in Seed Funding
ScorePlay, a digital asset management company utilising artificial intelligence, has successfully raised $5 million in Seed funding. Based in both New York and Lisbon, Portugal, the company aims to revolutionise the sports media landscape by automating the indexing, management, and distribution of digital assets for sports organisations.
The funding round, led by Seven Seven Six, Rich Kleiman and Kevin Durant's 35V, featured participation from prominent investors such as Alejandro Bedoya, Dominic Thiem, Rapha?l Varane, Mario G?tze, Renaud Visage, Alex Yazdi, Michael Philippe, Robin Sabban, Thibaud Elzière, Quentin Nickmans, and Amaury Sepulchre. With this latest investment, ScorePlay's total funding has reached $6.5 million.
Investment Opportunity
REPX is a fintech company that is revolutionising traditional banking by combining payment technology with the passion of fans around the world on social media. REPX has created new opportunities for sports teams, celebrities, influencers, brands and iconic cities to monetise their fanbase with prepaid cards, debit cards and digital payment products targeting their legions of loyal followers and fans.
Through affiliate agreements, REPX gains access to each brand's social media follower base. Unlike other payment providers, REPX products focus on the things that consumers are passionate about, such as the teams, athletes and performers they love. The Payfan card is REPX's flagship product. Designed for sports fans, it can be personalised with a jingle, including a team anthem. REPX has agreements with Italy’s AC Milan and Torino, and Scotland's Glasgow Rangers.
REPX is seeking EUR5m to finance the commercial development of its fintech through the acquisition of major new partnerships with sports clubs, brands and celebrities.
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