Written by DrakeStar | Mar 20, 2023 11:23:52 AM
DrakeStar Sector Insights: We are pleased to publish our Sports Tech 2022 report outlining a record year for the industry. Download the report to gain access to key data including:
🔵 Global Sports Tech industry saw record year with 1,000+ deals & $90B in disclosed deal value
🔵 Over $78B in M&A deal value with some of the largest ever Sports Tech M&A deals this year and top buyers included strategics such as Entain, Sony, Light and Wonder and PE platforms in TGI/Bruin, Kore/Serent and Hudl/Bain
🔵 More than $9B was raised in 740+ financing rounds of private companies
🔵 Over $5B of new funds were raised by financial investors / buyers
🔵 2023 will be another year where we expect strong consolidation and significant flow of investment into sports tech companies
🔵 2023 will see greater developments in Fan engagement, AI, ticketing and venue management categories