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On Wed, 12 Feb, 8:16 AM UTC
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AI-powered sports media company raises $13 million, led by Alexis Ohanian and Giannis Antetokounmpo
Giannis Antetokounmpo of the Milwaukee Bucks dunks the ball during the game against the Atlanta Hawks in 2024.Gary Dineen / NBAE via Getty Images file ScorePlay, an artificial intelligence service for sports clips, has raised $13 million in series A funding, the company announced Tuesday. The sports storytelling platform's investors include 20VC venture capital fund founder Harry Stebbings, Reddit co-founder Alexis Ohanian's Seven Seven Six VC firm, NBA star Giannis Antetokounmpo, former Formula 1 champion Nico Rosberg, and soccer star and former captain of the U.S. women's national team Alex Morgan. ScorePlay's technology is used by more than 200 sports organizations around the world and helps teams streamline their highlights and clips using AI. The company's clients include NBA and NHL franchises and leagues such as Major League Soccer and the National Women's Soccer League. Ohanian told CNBC that he's not just an investor, but that he uses the technology through his ownership of NWSL soccer and TGL golf teams, in addition to his new track league, Athlos. "So many people ask how we've been able to have so much success in emerging sports across so many different leagues and ScorePlay is the heart of one of the reasons why," Ohanian said. "The last two years, they've just continued to execute above expectations and ScorePlay has just done such a heck of a job growing here in the States. "I've been very happy to keep putting now millions of dollars at work every single round since," he added. Venture capitalist Stebbings said as teams and players move toward producing more of their own media and storytelling content, this tool will allow them to engage fans in new ways. "Speed is crucial in sports media, with the ability to share highlights within an hour and keep up with [the] fast-paced news cycle," he said. ScorePlay's service, created in 2021 by Victorien Tixier and Xavier Green, automatically tags and organizes content, allowing teams to speed up the delivery to everyone from broadcasters and sponsors to the athletes themselves. "The idea is to maximize the distribution, both on your own social channel, but also distributing the content to your athletes, who are your best storytellers," Tixier said. He added that with so many different channels from social to broadcast and digital, it's important that users are distributing the best content for each platform. ScorePlay touts threefold year-over-year growth, and the company said it is profitable, with total funding at $20 million. Previous investors include Kevin Durant and Rich Kleiman's 35V family office and Eli Manning.
[2]
AI-powered sports media company raises $13 million, led by Alexis Ohanian and Giannis Antetokounmpo
The service helps teams and leagues gather and distribute clips faster. ScorePlay, an artificial intelligence service for sports clips, has raised $13 million in series A funding, the company announced Tuesday. The sports storytelling platform's investors include 20VC venture capital fund founder Harry Stebbings, Reddit co-founder Alexis Ohanian's Seven Seven Six VC firm, NBA star Giannis Antetokounmpo, former Formula 1 champion Nico Rosberg, and soccer star and former captain of the U.S. women's national team Alex Morgan. ScorePlay's technology is used by more than 200 sports organizations around the world and helps teams streamline their highlights and clips using AI. The company's clients include NBA and NHL franchises and leagues such as Major League Soccer and the National Women's Soccer League. Ohanian told CNBC that he's not just an investor, but that he uses the technology through his ownership of NWSL soccer and TGL golf teams, in addition to his new track league, Athlos. "So many people ask how we've been able to have so much success in emerging sports across so many different leagues and ScorePlay is the heart of one of the reasons why," Ohanian said. "The last two years, they've just continued to execute above expectations and ScorePlay has just done such a heck of a job growing here in the States. "I've been very happy to keep putting now millions of dollars at work every single round since," he added. Venture capitalist Stebbings said as teams and players move toward producing more of their own media and storytelling content, this tool will allow them to engage fans in new ways. "Speed is crucial in sports media, with the ability to share highlights within an hour and keep up with [the] fast-paced news cycle," he said. ScorePlay's service, created in 2021 by Victorien Tixier and Xavier Green, automatically tags and organizes content, allowing teams to speed up the delivery to everyone from broadcasters and sponsors to the athletes themselves. "The idea is to maximize the distribution, both on your own social channel, but also distributing the content to your athletes, who are your best storytellers," Tixier said. He added that with so many different channels from social to broadcast and digital, it's important that users are distributing the best content for each platform. ScorePlay touts threefold year-over-year growth, and the company said it is profitable, with total funding at $20 million. Previous investors include Kevin Durant and Rich Kleiman's 35V family office and Eli Manning.
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ScorePlay, an AI-driven sports content management platform, has raised $13 million in a Series A funding round led by prominent investors including Alexis Ohanian and NBA star Giannis Antetokounmpo. The company's innovative AI technology is revolutionizing how sports organizations manage and distribute media content.
ScorePlay, an artificial intelligence service for sports clips, has successfully raised $13 million in a Series A funding round, marking a significant milestone for the company 12. This investment highlights the growing interest in AI-powered solutions within the sports media industry.
The funding round attracted a diverse group of high-profile investors, demonstrating confidence in ScorePlay's potential. Key investors include:
Founded in 2021 by Victorien Tixier and Xavier Green, ScorePlay has quickly established itself as a leader in sports content management. The company's AI-powered platform is currently utilized by over 200 sports organizations worldwide, including NBA and NHL franchises, as well as Major League Soccer and the National Women's Soccer League 12.
ScorePlay's technology offers several advantages to sports organizations:
Alexis Ohanian, who uses ScorePlay's technology through his ownership of various sports teams, emphasized the platform's role in their success: "ScorePlay is the heart of one of the reasons why [we've been successful in emerging sports]" 12.
Venture capitalist Harry Stebbings highlighted the importance of speed in sports media, stating, "Speed is crucial in sports media, with the ability to share highlights within an hour and keep up with [the] fast-paced news cycle" 12.
The company has reported impressive growth metrics:
As teams and players increasingly produce their own media content, ScorePlay's AI-driven platform is positioned to play a crucial role in fan engagement and content distribution. The company's focus on maximizing distribution across various channels, from social media to broadcast and digital platforms, aligns with the evolving landscape of sports media consumption 12.
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