The investment spurs the vision of bringing digital coaching education and innovative technology to everyone in football
Zurich, 15.08.2023: 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.”
Tech-Infused Football: Elevating the Game, Connecting Every Level
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.
Founded in October 2018 by Patrick Patzig, Simon Arpagaus, Stefan Steuble and Thomas Grimm, the startup Coachbetter currently has 24 team members in 8 different countries. In 2021, the company was able to complete its pre-seed financing round of around $1M led by the Swiss Founders Fund (SFF) and TVC (The VentureCity) as well as well-known investors from the sports industry. Users are thousands of professional and grassroots football clubs from all over the world including Borussia Dortmund, Sturm Graz, the Austrian and Welsh Football Federation, Weston FC, Miami Rush and the University of Oklahoma from the United States.
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.
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