Relay Ventures will invest in sports startup Future of Sport Lab's network as a new foundational partner.
Future of Sport Lab is currently accepting applications for the 2024 cohort
Toronto, February 29, 2024–(Business Wire)–The future of sports labthe sports tech innovation hub created by Toronto Metropolitan University (TMU) with Maple Leaf Sports & Entertainment and supported by DMZ, is pleased to announce a new strategic partnership with . relay venturesis a leading Canadian venture capital firm specializing in early stage investments. This groundbreaking partnership combines Future of Sport Lab's expertise in sports technology research, innovation and entrepreneurship with Relay Ventures' extensive experience in early stage SportsTech investments.
As a cornerstone partner, Relay Ventures is committed to investing in and partnering with a select number of companies from each cohort, helping to forge entrepreneurial pathways in the evolving sports technology industry. Relay was involved in the $2 billion sale of theScore to PENN Entertainment, the largest deal ever for a Canadian sports tech company, and the $188 million sale of Playmaker to Better Collective.
The Future of Sport Lab has already made great strides in advancing the sports tech sector. To date, Future of Sport Lab has graduated 19 startups that have raised more than $75 million in new investment and secured several significant sports business partnerships. FSL alumni include his successful SportsTech companies such as Spark, Zone 7, BookSeats, and The Gist, all of which have paved the way for innovation in the sports industry. FSL is also supported by his impressive roster of over 20 senior industry advisors and executives representing a variety of major sports organizations and stakeholders.
Dr. Cheri Bradish, Founder and Managing Director of Future of Sport Lab, said: “This partnership will allow us to further accelerate the development of innovative sports technologies that will revolutionize the industry and create a much-needed pathway for Canadian startups to secure funding to drive their businesses forward.” It helps.”
said Simon Sokol, vice president of Relay Ventures. “We remain bullish on sports tech and are excited to partner with Future of Sport Lab startups to bring even more innovation to the world of sports. “The rapidly changing world of sports. Together with the Future of Sport Lab, we want to provide the capital and resources needed to disrupt the world.” We are committed to developing innovative solutions and supporting innovation that will shape the world.”
The Future of Sport Lab is currently accepting applications for the Class of 2024. Perspective startups can apply at https://www.futuresportlab.com/apply.
The Future of Sport Lab offers a custom incubator program for startups and innovators, including dedicated mentorship, agile curriculum programming, pilot projects, and academic support through the program and DMZ.
About the future of Sports Lab
The Future of Sport Lab (FSL) is the first collaborative sports innovation lab created by Toronto Metropolitan University and Maple Leaf Sports and Entertainment (MLSE) with support from DMZ. FSL is widely recognized as Canada's global leader in sports innovation, creating an ecosystem that connects sports facilities, industry partners, entrepreneurs, investors, thought leaders and academics. Supported by an unrivaled network of over 20 senior industry advisors from leading sports organizations and stakeholders, FSL cultivates a number of diverse and innovative sports solutions and technologies, as well as related insights and education. I've been doing it. And to date, through this program the startup has raised his $75 million in new funding and investments and secured numerous significant sports business partnerships.
relay ventures
Founded in 2008, Relay Ventures is one of Canada's leading independent VC fund managers. The firm is currently investing in its fifth fund, which will be launched in 2022. To date, he has invested in more than 130 companies and has successfully exited more than half of them through M&A or IPO. The firm includes his team of 20 professionals with offices in Toronto, Calgary, and San Francisco.
About DMZ
DMZ is a world-class startup incubator based at Toronto Metropolitan University that provides the next generation of technology entrepreneurs with the tools they need to build, launch, and scale highly impactful startups. By providing connections with customers, coaching, capital, and community, DMZ's customized approach helps innovators reach the next milestone in their entrepreneurial journey. Whatever it is. DMZ has helped more than 820 startups raise his $2.58 billion in funding and create more than 5,000 jobs through his award-winning programs. Headquartered in Toronto, Canada, with globally accessible programs, DMZ has offices in Vietnam, India, and the United States, and partnerships across North America, Latin America, Africa, and Asia, and a widely recognized We have an international presence. For more information, visit dmz.torontomu.ca.
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contact address
Greg McIsaac
The future of sports lab
greg@junctioncommunications.com
