SportIQ raises $6.2m in Series A funding to expand international reach and develop new sports applications
The financing round was led by KB Partners alongside Koppenberg Management, Match Ventures, and private syndicates.
≈ £4.6M at $1 = £0.7429 on 19 Feb 2026
SportIQ develops smart sports equipment using patented sensor technology and artificial intelligence. The firm embeds tracking hardware directly into ball valves to monitor athletic performance.
SportIQ has secured $6.2m in a Series A financing round split across two tranches, concluding with a $3.2m infusion led by KB Partners. The round also saw participation from Koppenberg Management, Match Ventures, and several family offices and high-net-worth individuals.
The Finnish sports technology firm will direct the capital towards scaling its international presence, enhancing its proprietary technology platform, and developing new applications for professional leagues and sports beyond basketball. The funding follows a period of rapid growth, marked by a 150% year-on-year rise in revenue driven by a partnership with Spalding.
Founded in 2008, the company integrates patented sensors into the valves of basketballs to track shooting mechanics, arcs, and power in real time. The hardware syncs with a mobile application to deliver immediate feedback to players ranging from amateurs to professionals.
From the founder
"This round allows us to scale what we know already works. We have strong consumer demand, proven technology, and growing adoption among professionals. These fresh funds will help us expand into new international markets, business models, and sports beyond basketball. Our new investors share our vision and understand how big the demand for our technology is, and we are ready to scale at speed,"
Erik Anderson
CEO at SportIQ
Investor perspective
"What SportIQ has built goes far beyond a ‘smart ball.’ It’s a full-stack platform that combines hardware, software, and analytics to make both training and play more engaging and effective. We’re proud to continue supporting the team and to double down as the company scales,"
Steve Ahern
Partner, KB Partners
Use of funds
- 01Expand into international markets
- 02Fund research and development
- 03Continue product development