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Sports Funding, M&A News- Chrono24, Hudle Scores Big, Thymia, Duesy(August 2023 Edition)

Updated: Feb 14

Welcome to ScoreCard, your monthly dose of the latest and greatest happenings in the dynamic world of sports and sports technology! In a rapidly evolving landscape, we understand the importance of staying informed and ahead of the curve. That's why we've created ScoreCard by SportsFirst to bring you a comprehensive roundup of the most exciting sports deals, startup funding alerts, mergers, acquisitions, and emerging technologies in the industry.

Every month, our dedicated team of experts curates the top stories and trends from the world of sports and sports tech, ensuring that you never miss a beat. From the latest mega-mergers to innovative startups shaking up the industry, we've got you covered. We dive deep into the world of sports to bring you exclusive insights, expert analysis, and thought-provoking commentary on the hottest topics.

ScoreCard is more than just a newsletter; it's a community of like-minded enthusiasts, professionals, and visionaries passionate about the future of sports and sports technology. Our mission is to keep you informed, inspired, and engaged as we explore the cutting-edge developments that are reshaping the way we play, compete, and experience the thrill of sports.

Welcome aboard, and let the games begin! 🏆

Cristiano Ronaldo Joins Luxury Watch Marketplace Chrono24 as Investor

Chrono24, a leading Germany-based luxury watch marketplace, has secured an investment from soccer superstar Cristiano Ronaldo through his personal investment vehicle, CR7 SA.

Ronaldo's investment in Chrono24 comes as a sign of the company's growing popularity, with over 530,000 watches listed on its platform and facilitating over €1 billion in transactions annually. Chrono24's CEO, Tim Stracke, expressed the company's honor to have Ronaldo as an investor, and the investment will undoubtedly help Chrono24 expand its reach, attract new users, and develop new features and services.

The amount of the investment remains undisclosed, but with Ronaldo's backing, Chrono24 is positioned for continued growth in the years to come.

Google Search Enhances Access to Women's Sports Information for All Fans

Google Search has introduced several exciting features to make finding relevant information on women's sports more accessible and comprehensive:

  • Gender-Neutral Search Results: Look up a women's sports team or athlete, and Google will display results for both men's and women's counterparts, ensuring a holistic view.

  • Enhanced Relevance: Utilizing machine learning, Google enhances search result relevance for women's sports, catering to your interests even without explicit searches.

  • Prominent Visibility: Women's sports now receive more prominence in search results. Specific sections dedicated to women's sports, such as "women's soccer," facilitate easy access to information.

Beyond these enhancements, Google is committed to increasing women's sports visibility across platforms like YouTube and Google News, providing more people with the chance to learn and appreciate women's sports.

Hudle Scores Big: Secures $1 Million in Funding for Sports Tech Innovation

Hudle, a dynamic sports technology startup enabling users to discover and book sports activities, has successfully secured $1 million in funding. This capital injection will fuel Hudle's expansion efforts within India and facilitate the introduction of innovative features on the platform. The company also has ambitious plans to extend its reach into untapped markets in Southeast Asia.

Vinay Bansal, co-founder, and CEO of Inflection Point Ventures, expressed enthusiasm about the partnership with Hudle, praising the startup's product-driven approach to address genuine pain points for users. The collaboration seeks to support and accelerate Hudle's growth in the sports tech landscape.

Thymia Secures €2.4 Million Seed Funding to Grow Mental Health AI for Video Game Enthusiasts

London-based mental health startup, thymia, has successfully secured €2.4 million in seed funding to propel the expansion of its pioneering AI platform inspired by video games. The platform harnesses the power of AI to gamify mental health assessments and interventions, offering users a unique and engaging approach to monitoring their mental well-being, recognizing patterns, and developing coping strategies. By analyzing users' gameplay data, thymia's AI engine provides personalized insights and recommendations, amplifying the platform's effectiveness. With a team well-versed in both mental health and AI, thymia's platform stands strong, backed by robust clinical evidence. The platform's accessible, engaging, and effective games hold the potential to make a significant impact on the global mental health crisis.

Digital Sandbox Alum Scores Big with Sports Tech Funding

Tony Caudill, the founder and CEO of sports tech startup Duesy, has successfully raised $1 million in seed funding. Duesy is an innovative platform designed to assist athletes and coaches in tracking their performance data effectively. Key features of the platform include real-time data feeds, a user-friendly dashboard for visualizing data, and a community forum to share valuable insights.

Currently available on iOS and Android platforms, Duesy has plans to launch a web app in the near future, further enhancing its accessibility and reach.

As the sports industry continues to grow and evolve, we can expect to see even more exciting funding and acquisition deals in the future. These deals will not only shape the landscape of the industry, but also provide opportunities for new players to enter the market and for existing players to expand their reach. Whether it's through new technologies, innovative partnerships, or strategic acquisitions, the sports industry is sure to remain a hotbed of activity for years to come. So stay tuned for more updates and insights on the latest developments in this fast-paced and exciting field.

ScoreCard is for every Sports enthusiast. So, whether you're an athlete, a fan, an investor, or an entrepreneur in the sports and sports tech realm, ScoreCard is the perfect companion for staying up-to-date and inspired. Gear up for an exciting journey, as we embark on this adventure to stay ahead in the game!

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