SBC News Voice of the Sports Betting Industry
Sports data provider Sportradar has secured an all-star $44 million investment round led by Washington sports mogul Ted Leonsis investment firm Revolution Growth.
Revolution Growth’s funding round saw, NBA legend and Charlotte Hornets franchise owner Michael Jordan contribute to investment, with Dallas Mavericks (NBA) owner Mark Cuban also participated in the round.
Sportradar governance announced that Cuban and Jordan, would join Leonsis owner of the Washington Wizards (NBA) and Capitals (NHL) in forming its ‘Sportradar US Advisory Board’.
The data provider stated that its renowned advisory board would help raise its profile and aid corporate development in the highly competitive US sports market.
Looking to expand its market presence, Sportradar US has secured data partnerships with the NFL, NHL and NASCAR associations.
Ted Leonsis commented to the media on his investment
“The Sportradar team is ahead of the curve in understanding the crucial role data plays in creating innovative content and products that captures audiences,”
“With superior technology and development that is already providing the fastest, most accurate data feeds, Sportradar is well-poised to capitalize on the rapidly expanding, multi-billion dollar global sports market.”
Carsten Koerl, Founder and CEO of Sportradar welcomed the firm’s new US advisors
“We look forward to partnering with the Revolution Growth team, and some of the best and brightest minds in technology and sports as we look to diversify and expand our product offerings,”
“Their intimate knowledge of the US sports and media market will help us to develop cutting-edge real time data products that will change how sports are consumed in the future.”
