SportTech startup coachbetter reports the successful completion of their $2.9M Seed-Plus investment round. The round is led by Brighteye Ventures and ZEN11Holding, while a pool of experienced investors around DAZN Group Executive Vice Chairman John Gleasure also invested. Prominent names from international football also participated in the financing round, including 2018 FIFA World Cup winner and former Premier League star Steven Nzonzi.
"We are very pleased and excited about the support and trust of our new strategic partners as well as the strong commitment of our existing investors like the Swiss Founders Fund (SFF) to further digitize football team-management and coaching education at all levels, always with a strong focus to the needs of our users" says Patrick Patzig, Co-founder & CEO of coachbetter.
Alex Spiro Latsis, Founding Partner at Brighteye, adds: “Brighteye is delighted to support the coachbetter team as they continue to grow. We were impressed not only by the team’s experience in the field and their passion, but by their significant traction and portfolio of existing customers and partners. We anticipate this new round of financing will help them to expand to exciting new football markets."
Coachbetter has set itself the goal of revolutionizing traditional communication, team-management and coaching education through the use of fit for purpose and modern technologies with the most user-friendly platform that supports coaches, players, clubs and associations at all levels. Germany's renowned football journal, Kicker, describes the startup's platform as "Coaching 3.0". All day to day activities of coaches are simplified and unique in the football landscape. Coachbetter´s features range from session- and match-day planning to player development with key data and statistics and video analysis. At the same time, the app adds communication features that connect coaches, players and parents.
The start-up already supports thousands of football clubs in the USA, UK and German speaking markets with lighthouse customers such as Borussia Dortmund, Miami Rush and the Austrian Football Federation. With the new capital from the funding round, coachbetter aims to drive international growth and to further build innovative technology that is going to be available to everyone in the game.
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About Coachbetter:
Founded in October 2018 by Patrick Patzig, Simon Arpagaus, Stefan Steuble and Thomas Grimm, the startup coachbetter currently has 24 employees in 8 countries. In 2021, the company was able to complete its seed financing round of over 1 million euros led by the Swiss Founders Fund (SFF) and TVC (The VentureCity) as well as well-known investors from the sports industry. Customers are coaches, clubs and associations from all over the world including Borussia Dortmund, the Austrian and Welsh Football Federation and Weston FC and the University of Oklahoma from the United States.
About Brighteye:
Brighteye Ventures is the leading European Edtech early-stage venture capital fund, leveraging deep experience and relationships in tech, education, media, and VC. Looks for exciting startups at the intersection of learning, entertainment and creativity to empower and expand the frontiers of human potential. Investing at Seed and Series A stages, we help portfolio companies refine product, build partnerships and scale across geographies. Brighteye is looking for entrepreneurs that use technology and industry knowledge to build competitive businesses that can become global leaders.
The German Football Association (DFB) is taking a stake in Coachbetter and becoming a strategic shareholder. With this investment, the world's largest sports federation - more than 8 million members and over 24,000 clubs - is, together with Coachbetter, expanding the digital infrastructure for grassroots football.
Dear Customers, Dear Partners, Dear Shareholders. A short note before you see it on social. 👋
coachbetter secures USD ~$1M pre-seed funding to digitally revolutionize soccer planning and athlete management
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