Sportside secures £15m Series A funding from Fortunis Capital to expand its sportstech platform
Fortunis Capital led the £15m phased investment round to support talent, technology and marketing ahead of the platform launch.
Sportside operates a social application designed to connect individuals for sporting activities while providing management resources for clubs and coaches.
Sportside has secured a £15m Series A investment from Fortunis Capital to support its upcoming consumer launch in autumn. The funding will arrive in phased instalments, beginning with an initial £2m, as the platform prepares to roll out its social sporting app in the UK.
The capital will be directed towards talent acquisition, technological development and marketing initiatives. Sportside aims to build a large community of players and clubs, providing tools for sporting engagement and commercial partnerships.
Fortunis Capital led the investment as part of its ongoing strategy to back sustainable, tech-driven businesses that address societal challenges. The backing follows recent investments by the firm in the fintech sector.
From the founder
"The investment by Fortunis Capital will support our programme of investment in talent, tech and marketing as we accelerate towards a consumer launch in autumn."
Jeremy Bourke
CEO at Sportside
Investor perspective
"The pandemic lockdown saw millions disconnected and isolated from their daily personal sporting interactions and we see Sportside as key to helping people reconnect."
Bob Frost
Director, Fortunis Capital
Use of funds
- 01Grow the team
- 02Continue product development
- 03Invest in sales and marketing