Third round funding deal
£1.6m boost as Shot Scope targets US
Ken Lewandowski: sits on the board (photo by Terry Murden)
Golf performance tracking company Shot Scope Technologies has raised £1.6 million, bringing its total raised to date to £4.5m.
The Edinburgh-based firm, which has created performance tracking technology for golfers, received funds from wealthy individuals, the Scottish Investment Bank, Equity Gap and Old College Capital, the investment fund of Edinburgh University.
Founder and CEO David Hunter said: “This investment enables us to scale up manufacturing, scale up marketing and scale up sales.”
It is the third round of funding by the company. Shot Scope Technologies has also received £1m in government grants.
The Shot Scope board includes chairman Ken Lewandowski, Bill Buckie, Ian Ritchie and Rob Jones, co-founder of Fan Duel.
Speaking about the future, Mr Hunter said the US was being targeted.
“The product meets the needs of the golf market, the tech is revolutionary, the apps provide golfers with an amazing way to experience their golf game and we’re constantly improving the technology. This is an exciting time.”