OurCrowd will be inviting investors to join us for a lunch, in partnership with Herrick, Feinstein LLP, featuring ADvantage Sports Tech Fund. ADvantage is inspired by one of the founding fathers of the modern sports industry – Adi Dassler – and is led by ADvantage Partners Jeremy Pressman, Christoph Sonnen, and Principal Alex Bente. LeAD (legacy is Adi Dassler.) This is an initiative of his grandchildren and a marquee shareholder group to build on his legacy of constant sports innovation.
The global sports market is estimated at over $1T annually (1-2% of global GDP), and in recent years has become an intriguing target for technological disruption. Spurred by major advances in areas like computer vision, wearables and data analytics, the sector has more than doubled in size, quickly growing to over 6,000 companies worldwide. These advances, coupled with increasingly tech-oriented consumers and shifts in media distribution and consumption, have helped fuel a budding ecosystem at the intersection of sports and technology.
With over $1.75B invested in H1 2018, and ~$10B of investment over the last 5 years, the sports tech sector is rapidly evolving from an “old school” industry to a compelling frontier for innovation