Shot Scope Technologies, an Edinburgh, Scotland, UK-based golf technology company, raised £6.6M in Debt and Series B funding.
The round was led by Guinness Ventures, which invested £3.1M, and included participation from Scottish Enterprise, Growthdeck, The SideBySide Partnership, and Edinburgh based Equity Gap. Virgin Money provided £1.5M in debt finance as part of the round.
The company intends to use the funds to expand operations and its development efforts.
Led by Founder and CEO David Hunter, Shot Scope Technologies offers a range of products that improve the way golfers access distances on the golf course, through both GPS wearables and laser rangefinders. Their shot tracking devices record over 100 statistics, enabling every golfer to analyse their round, know their game, and help shoot lower scores. Its products have collected over 350 million shots and been used by hundreds of thousands of golfers worldwide, who enjoy lifetime free updates and no subscription fees – helping them to save an average of 4.1 strokes. The team consists of technology experts, golfers, and a former Walker Cup player who are passionate about driving game improvement and enjoyment through the most expansive and accessible lineup of golf products on the market.
FinSMEs
05/08/2024