August 29, 2017

SPORTLOGiQ Raises a $5M Series A

SPORTLOGiQ​ ​Raises​ ​$5.0M​ ​in​ ​Series​ ​A​ ​Funding​ ​to​ ​Fuel​ ​Growth​ ​of​ ​AI-Powered​ ​Player Tracking​ ​and​ ​Sports​ ​Analytics​ ​Platform

Montreal,​ ​August​ ​29,​ ​2017​ ​–​​ ​​SPORTLOGiQ​​ ​Inc.​ ​is​ ​pleased​ ​to​ ​announce​ ​that​ ​it​ ​has​ ​raised​ ​$5.0M​ ​in​ ​Series A​ ​funding.​ ​The​ ​round​ ​was​ ​lead​ ​by​ ​Rho​ ​Canada​ ​Ventures​ ​L.P.​ ​and​ ​Anges​ ​Quebec​ ​Capital​ ​S.E.C.,​ ​who​ ​joined early​ ​investors​ ​Mark​ ​Cuban,​ ​TandemLaunch,​ ​and​ ​12​ ​prominent​ ​angel​ ​investors​ ​in​ ​the​ ​financing​ ​round.

SPORTLOGiQ’s​ ​proprietary​ ​computer​ ​vision​ ​technologies​ ​track​ ​and​ ​analyze​ ​in-game​ ​player​ ​movement using​ ​standard​ ​broadcast​ ​feeds.​ ​The​ ​company’s​ ​advanced​ ​analytics​ ​engine​ ​transforms​ ​these​ ​raw​ ​data streams​ ​into​ ​actionable​ ​insights​ ​for​ ​professional​ ​sports​ ​teams​ ​and​ ​automated​ ​stories​ ​for​ ​broadcast media​ ​partners.​ ​Funds​ ​raised​ ​in​ ​this​ ​round​ ​will​ ​be​ ​used​ ​to​ ​continue​ ​to​ ​commercialize​ ​the​ ​technology,​ ​as well​ ​as​ ​ramp​ ​up​ ​its​ ​real-time​ ​player​ ​tracking​ ​system.

“SPORTLOGiQ​ ​has​ ​very​ ​quickly​ ​developed​ ​a​ ​leadership​ ​position​ ​in​ ​the​ ​fast-growing​ ​market​ ​for AI-powered​ ​sports​ ​analytics,”​ ​said​ ​Sean​ ​Brownlee,​ ​partner​ ​at​ ​Rho​ ​Canada​ ​Ventures.​ ​”What​ ​Craig, Mehrsan​ ​and​ ​the​ ​team​ ​have​ ​developed​ ​over​ ​the​ ​last​ ​two​ ​years​ ​is​ ​impressive​ ​and​ ​we’re​ ​thrilled​ ​to​ ​be working​ ​together.”

 

A​ ​prominent​ ​investment​ ​group​ ​from​ ​Stockholm,​ ​Sweden​ ​has​ ​also​ ​participated​ ​in​ ​the​ ​round​ ​and​ ​will assist​ ​with​ ​business​ ​development​ ​in​ ​Europe.​

“We​ ​are​ ​very​ ​excited​ ​to​ ​be​ ​part​ ​of​ ​the​ ​SPORTLOGiQ​ ​family. In​ ​particular,​ ​we​ ​are​ ​looking​ ​forward​ ​to​ ​working​ ​with​ ​their​ ​talented​ ​team​ ​given​ ​their​ ​machine​ ​learning competencies​ ​and​ ​cutting-edge​ ​digitized​ ​sports​ ​data​ ​collection.​ ​SPORTLOGiQ​ ​is​ ​the​ ​disruptive​ ​game changer​ ​the​ ​market​ ​has​ ​been​ ​waiting​ ​for,”​ ​said​ ​Peter​ ​Wallén​ ​of​ ​the​ ​investment​ ​group.​ ​“We​ ​hope​ ​to contribute​ ​with​ ​deep​ ​knowledge​ ​of​ ​the​ ​European​ ​market​ ​and​ ​support​ ​in​ ​bringing​ ​the​ ​product​ ​to​ ​soccer, the​ ​largest​ ​sport​ ​in​ ​the​ ​world.”

 

“This​ ​is​ ​a​ ​tremendously​ ​exciting​ ​time​ ​for​ ​AI,​ ​computer​ ​vision​ ​and​ ​machine​ ​learning.​ ​We​ ​are​ ​fortunate​ ​to be​ ​working​ ​with​ ​some​ ​of​ ​the​ ​top​ ​researchers​ ​globally,​ ​ensuring​ ​that​ ​our​ ​technology​ ​remains​ ​ahead​ ​of the​ ​curve​ ​in​ ​a​ ​rapidly​ ​developing​ ​environment.”​ ​said​ ​Craig​ ​Buntin,​ ​former​ ​Olympic​ ​athlete,​ ​co-founder and​ ​CEO​ ​of​ ​SPORTLOGiQ.​ ​“The​ ​response​ ​from​ ​our​ ​customers​ ​over​ ​the​ ​past​ ​two​ ​years​ ​has​ ​been incredible,​ ​and​ ​seeing​ ​that​ ​same​ ​response​ ​from​ ​our​ ​investors​ ​has​ ​been​ ​truly​ ​amazing.​ ​We​ ​are​ ​happy​ ​to welcome​ ​this​ ​new​ ​group​ ​of​ ​investors​ ​and​ ​look​ ​forward​ ​to​ ​the​ ​next​ ​phase​ ​of​ ​our​ ​team’s​ ​development.”

 

About​ ​SPORTLOGiQ​ ​Inc.​ ​(​www.SPORTLOGiQ.com​)
SPORTLOGiQ​ ​is​ ​a​ ​Montreal-based​ ​AI​ ​startup​ ​comprised​ ​of​ ​some​ ​of​ ​the​ ​world’s​ ​leading​ ​researchers​ ​in computer​ ​vision​ ​and​ ​machine​ ​learning.​ ​The​ ​company’s​ ​advanced​ ​analytics​ ​platform​ ​tracks​ ​the​ ​location and​ ​actions​ ​of​ ​every​ ​player​ ​on​ ​the​ ​ice,​ ​court,​ ​or​ ​field,​ ​enabling​ ​teams​ ​and​ ​fans​ ​to​ ​see​ ​and​ ​understand​ ​the game​ ​in​ ​ways​ ​that​ ​were​ ​not​ ​previously​ ​imaginable.​ ​Since​ ​its​ ​inception​ ​in​ ​2015,​ ​SPORTLOGiQ​ ​has​ ​signed 22​ ​NHL​ ​teams​ ​and​ ​four​ ​major​ ​broadcast​ ​networks,​ ​in​ ​addition​ ​to​ ​filing​ ​six​ ​patents​ ​around​ ​the technology.​ ​The​ ​team’s​ ​co-founders,​ ​Craig​ ​Buntin,​ ​an​ ​Olympic​ ​athlete​ ​and​ ​Mehrsan​ ​Javan,​ ​a​ ​PhD​ ​in computer​ ​vision,​ ​are​ ​joined​ ​by​ ​18​ ​PhDs,​ ​software​ ​engineers​ ​and​ ​designers,​ ​and​ ​backed​ ​by​ ​Mark​ ​Cuban and​ ​a​ ​number​ ​of​ ​team​ ​owners​ ​and​ ​media​ ​executives.

Media​ ​Contact​ ​for​ ​SPORTLOGiQ​ ​Inc.
Cassandra​ ​Sera,​ ​Marketing​ ​Coordinator
[email protected]

 

About​ ​Rho​ ​Canada​ ​Ventures​ ​II​ ​L.P.​ ​(www.rhocanada.com)
Rho​ ​Canada​ ​Ventures​ ​is​ ​a​ ​division​ ​of​ ​Rho​ ​Capital​ ​Partners​ ​focusing​ ​on​ ​early-stage​ ​investing​ ​in​ ​Canada’s most​ ​innovative​ ​technology​ ​companies.​ ​The​ ​Rho​ ​Canada​ ​Ventures​ ​team​ ​comprises​ ​a​ ​unique combination​ ​of​ ​entrepreneurial,​ ​operational​ ​and​ ​venture​ ​investment​ ​experience​ ​in​ ​the​ ​United​ ​States and​ ​Canada.​ ​With​ ​a​ ​combined​ ​80​ ​years​ ​of​ ​experience,​ ​Rho​ ​offers​ ​entrepreneurs​ ​the​ ​expertise​ ​to​ ​turn Canadian​ ​innovators​ ​into​ ​global​ ​leaders.​ ​Rho​ ​Canada​ ​Ventures’​ ​portfolio​ ​companies​ ​are​ ​a​ ​diverse​ ​group of​ ​investments​ ​that​ ​span​ ​new​ ​media,​ ​mobile​ ​applications,​ ​wireless​ ​infrastructure,​ ​semiconductors​ ​& materials,​ ​and​ ​software​ ​(including​ ​SaaS).

Media​ ​Contact​ ​for​ ​Rho​ ​Canada​ ​Ventures​ ​II​ ​L.P.
Sean​ ​Brownlee,​ ​Partner
514-513-4699
[email protected]

 

About​ ​Anges​ ​Québec​ ​Capital​ ​(www.angesquebec.com)
Anges​ ​Québec​ ​Capital​ ​is​ ​an​ ​investment​ ​fund​ ​created​ ​to​ ​provide​ ​financial​ ​support​ ​to​ ​Anges​ ​Québec members.​ ​The​ ​fund​ ​is​ ​mainly​ ​sponsored​ ​by​ ​Investissement​ ​Québec,​ ​Caisse​ ​de​ ​dépôt​ ​et​ ​placement​ ​du Québec​ ​and​ ​Fonds​ ​de​ ​solidarité​ ​FTQ,​ ​to​ ​support​ ​angel​ ​investors​ ​who​ ​invest​ ​in​ ​innovative​ ​start-up companies​ ​in​ ​Quebec.​ ​This​ ​joint​ ​effort​ ​by​ ​the​ ​angels​ ​and​ ​Investissement​ ​Québec​ ​has​ ​made​ ​$85.8​ ​million available​ ​to​ ​entrepreneurs,​ ​allowing​ ​them​ ​to​ ​benefit​ ​from​ ​more​ ​substantial​ ​financial​ ​leverage​ ​in​ ​order​ ​to considerably​ ​increase​ ​development​ ​of​ ​their​ ​business.

 

About​ ​TandemLaunch​ ​(www.tandemlaunch.com)
TandemLaunch​ ​is​ ​a​ ​seed​ ​investor​ ​and​ ​incubator​ ​focused​ ​on​ ​creating​ ​early-stage​ ​technology​ ​start-ups​ ​in collaboration​ ​with​ ​global​ ​universities​ ​and​ ​world-class​ ​entrepreneurs.