SportTech startup Coachbetter reports the successful completion of their $2.9M Seed-Plus investment round. The round is led by Brighteye Ventures and ZEN11Holding, while a pool of experienced investors around DAZN Group Executive Vice Chairman John Gleasure also invested.
Prominent names from international football also participated in the financing round, including 2018 FIFA World Cup winner and former Premier League star Steven Nzonzi.
“We are very pleased and excited about the support and trust of our new strategic partners as well as the strong commitment of our existing investors like the Swiss Founders Fund (SFF) to further digitize football team-management and coaching education at all levels, always with a strong focus to the needs of our users”
says Patrick Patzig, Co-founder & CEO of Coachbetter.
Alex Spiro Latsis, Founding Partner at Brighteye, adds:
“Brighteye is delighted to support the Coachbetter team as they continue to grow. We were impressed not only by the team’s experience in the field and their passion, but by their significant traction and portfolio of existing customers and partners. We anticipate this new round of financing will help them to expand to exciting new football markets.”
Founded in October 2018 by Patrick Patzig, Simon Arpagaus, Stefan Steuble and Thomas Grimm, the startup Coachbetter currently has 24 employees in 8 countries. In 2021, the company was able to complete its seed financing round of over 1 million euros led by the Swiss Founders Fund (SFF) and TVC (The VentureCity) as well as well-known investors from the sports industry. Customers are coaches, clubs and associations from all over the world including Borussia Dortmund, the Austrian and Welsh Football Federation and Weston FC and the University of Oklahoma from the United States.