Tech

Statsports in talks with banks over multimillion euro fundraise

Newry-headquarted sports tech firm has developed wearable technology used by more than 800 elite athletes across multiple sports

Sean O’Connor (right), co-founder of Statsports, which has developed wearable performance-tracking technology used by more than 800 elite clients across multiple sports. Photo Colm Lenaghan/Pacemaker Press

Statsports, the Irish performance tracking sports tech company backed by Harry Kane and Raheem Sterling, is in discussions to secure a multimillion euro fundraise.

The Newry-headquartered firm is in discussions with a number of investment banks over what would constitute its first institutional raise.

Although now may not be an ideal time to seek capital, with Irish VC investment declining 57 per cent in the first quarter, the Business Post has learned that Statsports is ...