Shot Scope raises funds to expand golf technology
Shot Scope has grown significantly
Golf technology company, Shot Scope, has received £1.5m to help the Edinburgh company scale internationally.
Usman Ali, senior director from Virgin Money’s Growth Finance team, led the latest investment into the company.
Shot Scope is a manufacturer of shot tracking devices, and has grown to a team of 20 based in the company’s Edinburgh head office.
It raised more than £7m investment through key shareholders since its formation in 2014.
Earlier investors include Old College Capital – the University of Edinburgh in-house venture investment fund – the former Scottish Investment Bank; and angel group Equity Gap.
Shot Scope has an ambitious plan to scale globally during 2022-23, initially targeting the US where the company has a retail presence.
In May it hit a landmark 100 million shots recorded, with 50 million coming in the last 10 months.
- A statement from the company initially stated the Scottish National Investment Bank was an investor, but this is not the case.