Dublin-based sports technology start-up Output Sports has announced that it's closed an impressive €1.3 Million seed investment funding round.
Sports performance has become increasingly data led in the past several years, with firms such as STATSports raising significant investment and securing major contracts to analyse the performance of the world's top athletes. Everyone from football stars and rugby players to runners and swimmers now routinely use wearable sensors to track vital statistics and movement during training, and then analyse it later to up their game.
Sports tech start-up Output Sports was founded in 2018 and has already seen significant global success. Its "Output // Capture" sensor systems are already being used by several premier league football teams, professional rugby groups, and Olympic athletes across the UK, Ireland, and the US.
The firm has now announced that it's secured an impressive €1.3 Million seed investment funding round to take the company further. The funding was led by the Atlantic Bridge University Fund, with Elkstone Partners, Enterprise Ireland, and several angel investors coming on board. They include Curám Software co-founder John Hearne and Leinster Rugby players Adam Byrne and Dan Leavy.
Output Sports spun out from University College Dublin and is headquartered at NovaUCD, the university's incubation hub for supporting high-growth tech startups. It's targeting the growing market for sports wearables and sports analytics, and is using signal processing and machine learning techniques in its analytics system.
Dr Martin O’Reilly, CEO and co-founder, Output Sports said: "As a company we believe greatly in the importance of interdisciplinary collaboration. This funding will enable us to build our team who have skills and expertise in business development, sports science, engineering, data science, strength and conditioning and physiotherapy. In the coming months the company will grow to a team of 9 based at NovaUCD."
Source: Written based on press release
