1、GLOBAL SPORTSTECH VCREPORTDEC 2023POWERED BYLITE EditionAbout this reportGLOBAL SPORTSTECH VC REPORT 2023Rohn MalhotraManaging D#GSTVCR23The last quarter of the year is usually a busy time here at SportsTechX.Geting on the road is a big part of that,as events come thick and fast.But the main reason

2、is our flagship publication,the latest edition of the Global SportsTech VC Report.This year marks the 5th edition of this report,a fact that were quite proud of.In some ways,this has been a tough report to write.A good report needs good data,which for a VC report means investment activity.And unfort

3、unately there wasnt much of that this year.2023 was the lowest year for SportsTech investment that weve seen since 2015,thats a while ago.Australia had won the Cricket World Cup.Novak Djokovic finished as the world#1 afer winning the ATP Finals.New Zealand made another Rugby World Cup Final and Manc

4、hester United were quite rubbish.Wait,all of those things were true for 2023 as well.I guess some things dont change.What did change was the funding landscape for SportsTech,and prety significantly too.While 2023 was the lowest year for funding,it was also the highest year for Mergers&Acquisitions t

5、hat weve ever seen.It also saw major M&A deals in the wider world of sports-the PGA tour and LIV Golf,the WWE and UFC,the PFA and Bellator.Teaming up was clearly the way to go.2023 was also a year for some landmark exits in the world of sports.Michael Jordan lef the NBA once again,this time as the o

6、wner of the Charlote Hornets,in a$3 billion deal,which effectively made him a nify$2.25 billion profit.Not to be lef behind,a couple of months later,it was reported that Mark Cuban has entered into an agreement to sell a majority stake in the Dallas Mavericks,valuing the franchise at$3.5 billion.All