Local sports tech firm Kairos has closed on a £1.5m seed investment round and will be expanding with a new office in the US.
Belfast-based sports technology company Kairos was launched a few years ago when retired Ireland and Ulster rugby star Andrew Trimble teamed up with Digital DNA founder Gareth Quinn. The company aimed to digitally transform athlete performance and training through the use of data analytics, and it's seen significant success.
The company's app allows sports clubs to manage everything from schedules and physio sessions to training times, while also collecting data on performance and health of atheletes to be analysed. The firm invested over £1m into R&D last December and was given R&D support by Invest NI.
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Kairos has now announced that it's closed a £1.5m seed round of investment to help the company's ongoing expansion across the UK and Ireland. The new investment will also see the company open a new office in the US, helping it reach US sports athletes and expand further internationally. The company already has customers in the US and Canada, in addition to supporting athletes in Australia and Singapore.
Andrew Trimble, CEO and co-founder of Kairos, commented: "Having had personal insight into the unique complexities of managing internal schedules and communication across team staff and players, I’ve seen ‘the good and the bad’ – including time wasted unnecessarily due to poor systems and the confusion caused by messy communications. To address this, at Kairos we’ve built a ‘single source of truth’ solution that is robust, reliable and flexible to fit the needs of elite sports."
Source: Written based on press release
