Drake Star Sector Insights: We are pleased to publish our Global Sports Tech Report Q2 2023 outlining the record M&A deal making and healthy fundraising climate, and we expect the trend to continue for the rest of the year. Download the report to gain access to key data including:
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- With over $14.5B in disclosed M&A deal value, the sports tech sector saw its highest quarterly M&A activity with 105 announced deals.
- Endeavor led the acquirers list with the WWE deal, while several of the other top active buyers included Aristocrat, Entain, Fanatics and Light & Wonder.
- $1.6B was raised in 199 financing rounds of private companies, with over 75% being early stage
- $6B of new funds were raised within the first half of the year, further evidencing the strong investor interest in the sports tech ecosystem.
- With a highly active sports tech market, we expect the 2nd half of the year to see continued strong consolidation and a significant flow of investment into sports tech companies.
- H2 2023 will see acceleration of financing activities with fan engagement, AI, ticketing and venue management being some of the hot segments.
In addition to our analysis of Q2 2023, we also provided our take on the outlook for the rest of 2023 including top buyers to watch. Gain access to our exclusive interview with Anirudh Kumar, Chief Strategy Officer at Absolute Sports where he shares insights on the company's differentiation and strategy, the increasing investor interest in media businesses and growth areas he sees for the business - among many other topics.
Download the report below to access the full PDF.
Drake Star Global Sports Tech Team:
Gregory Bedrosian, Eric Ward, Michael Metzger, Mohit Pareek
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