Sportside secures £15 million Series A investment led by Fortunis Capital
Summary
Bob Frost, Director, Fortunis Capital.Sportstech innovator Sportside has secured backing to the value of \xa315million from impact investors Fortunis Capital Group, it was announced today.The connect and play social app, scheduled to be launched in autumn, is a one-stop platform that lets people find their perfect sporting match, by age, ability or geography and gives clubs and coaches the resource to manage their business and attract new clients. The pandemic lockdown saw millions disconnected and isolated from their daily personal sporting interactions and we see Sportside as key to helping people reconnect.Sportside is a perfect fit for our investment criteria tech-driven, sustainable and with global potential. Critically, by connecting more people through sport it tackles todays mental and physical health challenges.In May, Fortunis announced a \xa315million funding package for fintech Karma, an app that aims to disrupt the payday loan market by offering interest-free advances. Mr Frost said: We believe in supporting innovation to provide a higher multiple of returns to our investors than what was achievable before, while also making a real positive impact on our society and the world we live in.In the current Covid-19 climate, consumer demands are rapidly evolving and they see value in ethical investment in companies with purpose and salience. greentech, bio and medtech and wellness.Potential Investors and investees can contact Fortunis Capital on: Sportside is the app that brings like-minded people together to do the sports they love.