Fantasy Sports app
Scorito has 1.2 million users
and wants to conquer Europe.
Scorito, Dutch market leader in football pools, receives investment from Dutch Sport Tech Fund
This is the only fund in the Netherlands that focuses exclusively on startups and scale-ups active in sports technology. The investment will be used to develop new business models and increase market share outside the Netherlands. The Dutch app now has 1.2 million users.
Fantasy Sports app is the market leader in the Netherlands
Friends, family, and colleagues use Scorito to create pools for sporting events such as the Tour de France or the FIFA World Cup. In the sports tech world, this is known as Fantasy Sports. Scorito now has 1.2 million users, more than half of whom were active during the last European Football Championship. The company is active in several European countries, including Belgium, Germany, Spain, and England.
“We quickly saw a clear added value in this partnership with Dutch Sport Tech Fund. Our platform has proven itself over the past years and is easily scalable. This investment gives us the means to scale up further and achieve international growth. Our goal is to become the market leader in the European countries where we are active.”
Synergy benefits
“We are proud to add Scorito to our portfolio. The company has become the market leader in the Fantasy Sports sector for good reason. We see a lot of growth potential and hope to realize this together. In addition, there are clear synergy benefits with other companies in our fund, from which both Scorito and our other holdings will benefit. In this case, one plus one equals three.”
Dutch Sport Tech Fund previously invested in Horizm, which helps clubs such as Real Madrid and Chelsea get more out of their digital channels. It also acquired a stake in Jogo.AI, which was recently sold to football platform 433. Other investments include Zest.Golf, a platform for booking golf courses, and International Sports Group, whose software is used by more than 500 football clubs and associations.
About Dutch Sport Tech Fund
Dutch Sport Tech Fund aims to make a positive contribution to sports and vitality by investing in the right sports, technology, and data-driven companies. The sports technology market will be worth 50 billion dollars by 2030. Dutch Sport Tech Fund is the first fund to focus exclusively on this market.
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