Hype Sports Innovation, an Israeli sports innovation platform, has launched a $75m sports tech venture capital fund.
Led by newly added Uli Becker, ex-president of Reebok, and Bernd Wahler, former president of VfB Stuttgart who also served as Adidas CMO, Hype Capital Fund is scouting for the next sports tech breakthrough focusing on:
– fan engagement monetization,
– VR, and
– performance analytics.
To this end, the fund is leveraging the already generated proprietary deal flow thanks to their twelve-fold global accelerator network which hosts more than 40,000 members (including major sports brands, clubs, federations, and academia), and over 10,000 sports startups
The fund has already raised warehouse funding and signed the first term sheet with a startup.
Led by Amir Raveh, President and Founder, and Ilan Hadar, Hype Sports Innovation is a global ecosystem for sports innovation with an at large community including:
– 2,900 Global Sports & Tech Brand Leaders
– 700 Investors & VCs
– 450 Clubs
– More than 11,000 Sports Startups
– Over 40,000 Members Globally