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Corsair, a gaming gear and technology company, agreed to acquire Fanatec, a sim racing brand from Endor AG, a German electronics company. Financial terms were not disclosed. “We have been a fan of the Fanatec brand for years, and I am thrilled that we were finally chosen to be the next home for Fanatec products. We intend to use our extensive supply chain and logistics network to reduce operating costs, enhance users’ customer service experience, increase sales opportunities, and help the business return to profitability,” Andy Paul, Corsair CEO. CORSAIR (led by Andy Paul) is advised by Jones Day (led by Martin Schulz, Alexander Ballmann and Dr. Olaf Benning). Link to the article in the comments. #MergersAcquisitionsDivestitures #Gaming #Technology

Latest in the world of #SportsTech 💪🏽 ⛳ Topgolf launched an immersive experience on Fortnite's UEFN platform. 👕PUMA Group is going to tap into generative AI for its branding and online sales efforts, as part of an expanded partnership with Google Cloud. 🏈 Genius Sports partnered with Reddit, Inc. to power the new live sports scores feature with official NFL data. 💰 EGYM closed a Series G round of $200 million at a post-money valuation of more than $1.2 billion, from L Catterton and Meritech. 💰 OxeFit raised $17.5 million in funding. 💰 CUDIS raised $5 million in a funding round led by Draper Associates, to challenge Oura Ring in the wearables market. 💰 Liveday raised €350k in a new funding round. 💰 Golf GameBook raised €2.5 million ($2.7 m) in a funding round. 💰 exakt health raised €2.2 million ($2.4 m) in Seed funding. 💰 Mapo Tapo raised €1.15 million ($1.28 m) in a Seed funding round, orchestrated with the support of the Argo acceleration program. 💰 VALD received an undisclosed growth equity investment from FTV Capital. 🤝 Fastbreak.ai acquired Tourney Pro LLC for an undisclosed amount. 

3/5: 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆 & 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 – 𝗧𝗵𝗲 𝗙𝘂𝘁𝘂𝗿𝗲 𝗼𝗳 𝗥𝗮𝗰𝗶𝗻𝗴 𝗶𝘀 𝗛𝗲𝗿𝗲 💻 At this year’s #ARF2024 in #Sapporo, one of the standout themes was the pivotal role that technology and innovation will play in revolutionising the horse racing industry. 💡 𝗞𝗲𝘆 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝗶𝗰𝗮𝗹 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻𝘀 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝗲𝗱 𝗮𝘁 𝗔𝗥𝗙 2024: 🔹 𝗔𝗜 𝗜𝗻𝘁𝗲𝗴𝗿𝗮𝘁𝗶𝗼𝗻: The Hong Kong Jockey Club presented plans to use AI for generating more dynamic race cards, offering real-time insights and predictions for fans and bettors. 👉 https://lnkd.in/g5_f8Zgu 🔹 𝗔𝘂𝗴𝗺𝗲𝗻𝘁𝗲𝗱 𝗥𝗲𝗮𝗹𝗶𝘁𝘆 (𝗔𝗥): AR tools are being developed to provide fans with live data on horse performance, creating an immersive and engaging race day experience. 🔹 𝗕𝗹𝗼𝗰𝗸𝗰𝗵𝗮𝗶𝗻 𝗳𝗼𝗿 𝗜𝗻𝘁𝗲𝗴𝗿𝗶𝘁𝘆: Discussions focused on using blockchain technology to enhance transparency and traceability in betting systems and racehorse ownership, addressing critical integrity concerns. 🎯 𝗪𝗵𝘆 𝗜𝘁 𝗠𝗮𝘁𝘁𝗲𝗿𝘀 Adopting these technologies isn’t just about innovation for innovation’s sake—it’s about ensuring that horse racing stays relevant in an increasingly digital world. AI and Blockchain aren’t just buzzwords anymore; when used effectively, they can transform the industry. Key benefits include: 1️⃣ Transforming racing into a 𝗺𝗼𝗱𝗲𝗿𝗻, 𝗲𝗻𝗴𝗮𝗴𝗶𝗻𝗴, 𝗮𝗻𝗱 𝘁𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝘁 sport. Helping the industry connect with younger, tech-savvy audiences. 2️⃣ 𝗢𝗽𝘁𝗶𝗺𝗶𝘇𝗶𝗻𝗴 𝗿𝗮𝗰𝗲 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗲𝘀 with advanced data and insights, while 𝗹𝗼𝘄𝗲𝗿𝗶𝗻𝗴 𝗯𝗮𝗿𝗿𝗶𝗲𝗿𝘀 𝘁𝗼 𝗲𝗻𝘁𝗿𝘆, making it easier for newcomers to understand and engage with the sport. 3️⃣ Improving 𝗵𝗼𝗿𝘀𝗲 𝘄𝗲𝗹𝗳𝗮𝗿𝗲 through enhanced tracking and monitoring systems.

🚀FOLLOW Emotional Ideas, Inc. as they introduce Battle Racing – the revolutionary hybrid Combat Motorsport designed with drivers and gamers in mind! 🏎️🏎️💨💨 🏁 Imagine the thrill of real-life battles on the track, powered by cutting-edge gaming technology. As vehicle health decreases, so does speed, adding a strategic layer to racing, as you Battle Race for First Place! Are you up for the challenge? What If Mario Kart Inspired a New Motorsport? Dive into the world of Battle Racing – where every lap is a gaming masterpiece on the asphalt! 🏆 Head to our website and sign up for the newsletter to stay in the loop on all the high-octane updates! 🌟 Learn More & Support at www.BattleRacing.com If you see synergy reach out! Interested in Investing? DM ME‼️ 💰 ✅ 3 Granted US Patents on Tech ✅Working Prototype Vehicles ✅Credible Team ✅Resilient Founder ✅Billion Dollar Global Market #BattleRacing #Esports #Gaming #Startups #Innovation #Venturecapitalist #angelinvestor #Entreprenuership

Dive into the action as football meets technology! 🚀 At ARION, it's all about testing and pushing boundaries. Our newest innovation isn't just about kicking goals; it's about optimizing performance both on and off the field. ⚽️ Seeing how our cutting-edge technology seamlessly integrates into the training, empowering clubs to conduct precise measurements and elevate their players' performance to new heights. 📊 From practice drills to matchday strategies, our innovation is designed to enhance every aspect of the game. #sportsinnovation #sportstech #gamechanger 🚀

🏁 A Milestone in Technological Innovation 🏁 The A2RL project showcases our group's leadership in experiential marketing, blending advanced technology with our team's expertise. This joint effort from Branch, SpaceTo, and Stream Works did more than just develop an app—it brought real-time race data from the actual tracks into an engaging racing game, creating unmatched realism and excitement. 🎮 📊🏎 Thanks to the expertise of SpaceTo and Branch, the game not only entertained but also deeply immersed users in the racing experience by seamlessly integrating live data from physical races. Meanwhile, Stream Works ensured fans stayed connected with high-quality live streams, elevating viewer interaction with dynamic features. 📹 This project challenged what's possible in gaming and live events, establishing new standards for engaging and retaining audiences. 👉 Interested in using this technology for your projects? Reach out to learn how we can help: www.eventagrate.com. #A2RL #InnovativeGaming #ExperientialMarketing #HybridEvent #eventagrate

Flowing into Q2 and things are finally picking up in #SportsTech! 💰 Investment dealflow in April alone ($435m) nearly matched the total for Q1 ($465m). Good to see some momentum building in the ecosystem. 🗺️ Geography: North America has been the most active region throughout the year now, month after month. With only some minor M&A activity in Europe. 🎯 Sectors: The Activity & Performance Sector which includes Solutions ‘For Athletes’ has been on the rise for the past few months, seeing 90% of all dealflow. However, M&A still has an equal split between solutions for athletes and for fans. 🚀 Top Deals: $400 million in funding for Riddell, Inc., an industry leader in football helmet technology. $250 million acquisition of Drone Racing League by Infinite Reality. Historically Q2 has been a strong quarter for SportsTech. We’re off to a good start so expect plenty more to follow. For the full summary from April: https://lnkd.in/eMT-G8Dy

If you are interested in learning more about Composable Commerce at Dreamforce there will be no better session to than this one which includes some of my favorite people talking about our success together on ASICS journey with Composable Commerce. #DF24 #ComposableCommerce #SalesforceCommerceCloud #GetTheFutureYouWant

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Corsair announced its definitive agreement with Endor AG to acquire the Fanatec Sim Racing product line. This acquisition includes all existing employees. Is this good or bad? Honestly, Fanatec makes fantastic products, but nurturing a community wasn’t their game. Fans have always complained about Fanatec’s lack of communication and transparency, while Corsair has generally done a good job in this department. The company (Corsair) recently held an Open Q&A on Reddit to showcase that they’re listening. A quote from Andy Paul, Founder and CEO at Corsair, about the acquisition: “We have long admired the Fanatec brand and are excited to bring these incredible products to an even wider audience. We are fully committed to further develop and expand Fanatec’s product lines, improving customer service, and embracing the needs of the Sim Racing community. Racing enthusiasts can look forward to an even more intense and realistic Sim Racing experience.“ Link: https://lnkd.in/gtN5zZjt #technology #tech #hardware #simracing #fanatec #Corsair #gaming #racing #technologynews