Dutch Sport Tech Fund invests within the biking app co-founded by Tour De France stage winner Tom Pidcock

Dutch Sport Tech Fund, an funding agency based mostly in Amstelveen, The Netherlands, has invested in an app for the biking neighborhood co-founded by skilled bicycle owner Tom Pidcock, winner of a crucial stage of this 12 months’s Tour de France.

The fund goals to spend money on sports activities know-how corporations that function in athlete efficiency, information and analytics, in addition to fan engagement.

Hyperlink My Trip, based by Pidcock and former teammate Jacques Sauvagnargues, will enable riders, golf equipment and types to attach by way of a smartphone app and desktop platform.

An announcement from the Dutch Tech Sport Fund states that it’s the first fund to focus solely on this market. In 2019, the sports activities know-how market was value $ 11.0 billion, 6.4 p.c of the overall sports activities market, and is predicted to develop 23.1 p.c yearly to succeed in $ 31.1 billion by 2024, he says. a press release from the fund.

The Dutch Tech Sport Fund was based in 2020 by Mark Snijders, a former skilled footballer.

Hyperlink My Trip is within the ultimate levels of growth forward of launch later this 12 months. Pidcock gained the Alpe d’Huez stage of this 12 months’s Tour de France: this is likely one of the most iconic climbs in world biking.

Alexander Jannsen, CEO of the Dutch Sport Tech Fund, mentioned: “As a fund, we had been desirous to penetrate the biking market and neighborhood. Hyperlink my Trip stood out by ticking all of the containers; an excellent enterprise mannequin, founders, consultants and influencers; a charitable purpose, a younger and bold staff and an fascinating app “.

The fund’s different investments embrace participation in ZEST.GOLF, an exercise reserving website for golf programs, and Jogo, just lately acquired by soccer platform 433 and Horizm, whose purchasers embrace Liverpool, Chelsea, Actual Madrid, Dortmund and Juventus.

Leave a Comment

A note to our visitors

This website has updated its privacy policy in compliance with changes to European Union data protection law, for all members globally. We’ve also updated our Privacy Policy to give you more information about your rights and responsibilities with respect to your privacy and personal information. Please read this to review the updates about which cookies we use and what information we collect on our site. By continuing to use this site, you are agreeing to our updated privacy policy.