(London: 10th October 2013): PlaySight Interactive, the leading sports analytics provider, has issued a $600,000 Convertible Loan Note to help accelerate the company’s expansion in the club and college tennis market globally. Members of the Enterprise 5 Investor Club (advised by D5 Capital) participated in the funding round alongside Family Office investors based in New York. D5 Capital previously advised the Company on its $1.5m Series A funding round in Q4 2012.
PlaySight is receiving growing volumes of orders for its unique SMART COURT analytics system which captures all data and video from a game of tennis, enabling players to enjoy line-calling, on court & remote video replays, ‘grand slam’ style statistics and 3D game tactics analysis. The SMART COURT is being widely acclaimed as the ultimate solution to coaching, umpiring, performance monitoring and social networking in amateur tennis.
SMART COURTS are now installed in Israel, Sweden, UK & USA; earlier this month, twice Wimbledon-winner Stefan Edberg commissioned the installation of the first SMART COURT at the Ready Play Tennis centre in Vaxjo, Sweden. The Company is also in discussions to sign distributorships in USA, UK, Russia and Sweden and is receiving sales orders from around the globe. D5 Capital estimates that there are over 100 million tennis players worldwide and over one million courts that could benefit from a SMART COURT installation.
Rupert Ashe, CEO, D5 Capital
M: +44 7775 781803