Sportradar receives 44m investment
European private equity firm EQT Expansion Capital invests in egaming data company.
Sportradar has received 44m investment from Swedish private equity firm EQT Expansion Capital, the sports betting live data provider has announced.
The deal sees EQT become a minority investor in the company, while EQT board member Werner Klatten will join the Sportradar board as chairman, although the data company’s CEO Carsten Koerl will remain in his role.
Klatten said: “With its investment in Sportradar, EQT Expansion Capital supports a highly innovative provider of live sports data that will strongly profit from the continuous growth of the sports betting market.”
Koerl revealed that the investment means Sportradar’s “Financial firepower has improved significantly,” adding: “The transaction supports our aggressive future growth strategy and will provide access to exciting new business opportunities.”
Sportradar recently entered into an exclusive deal with the International Tennis Federation, covering distribution rights to data from selected tournaments, while its subsidiary Betradar moved into retail via a partnership with Russian operator Liga Stavok.