Member Article

Sports tech brand giving pro-level electronic scoring to amateurs launches £1m crowdfund

London’s VPAR, the golf technology platform, has launched a £1m fundraise on equity investment platform Seedrs.

The brand has developed a range of technology and platforms for golfers, including an app which gives amateurs the same level of real-time information and analysis as the pros.

Growing from its live-scoring technology which provided amateur golfers a live leaderboard on the course and in the club house, the company now provides live scoring services for major pro and corporate events, including for the PGA Tour and companies such as HSBC and PWC.

This was soon followed by VPAR’s app which provides golfers with on-going statistics, a GPS course planner and other features targeted at users wanting a digital scorecard or golf trip companion.

Now the firm is looking to the crowdfunding platform as it looks to continue the roll out of its technology to more global golf clubs and professional bodies.

Commenting on the company’s growth, Jason Stoop, who is Chief Executive Officer at VPAR, said: “This year we’ll continue to connect golfers, and provide the best experience on and off the course possible, motivating them to compete day in, day out.

“We believe the VPAR app will have been downloaded more than 3 million times and will provide club technology to 1,350 clubs and generate over £11 million of annual revenue by the end of 2020.”

Jonathan Barnett of BNP Investment Partners hailed the breadth of VPAR’s app and said the firm’s crowdfunding campaign provided a great opportunity for investors.

He said: “It is a really exciting investment opportunity, not just for golf and tech lovers, but because the global golf market has mammoth proportions and this is just the beginning for VPAR which makes them an exciting prospect.”