Online Sports Betting Sportradar Gets 44m Euro Investment Boost

Published Monday, July 09, 2012 -

Sportradar was founded by Carsten Koerl together with two co-founders in 2003. The Company operates 7 offices across Europe and is headquartered in St. Gallen, Switzerland. With over 450 employees and 1,500 scouts worldwide, Sportradar covers the entire value chain of collecting, processing, marketing and monitoring of sports related live data as well as providing betting related services to bookmakers. In addition to its bookmaker services, Sportradar provides data to media agencies and works closely together with sports federations and law enforcement agencies in order to detect fraudulent movements in the worldwide betting market. Sportradar’s strong growth since 2003 mainly results from its quality data, its broad product offering as well as constant innovation.

A recent announcement by the firm revealed that EQT Expansion Capital II has agreed to invest as much as 44 million Euros in Sportradar AG. As part of the transaction EQT Expansion Capital will become a minority investor and provide growth capital to finance Sportradar’s current business strategy. Sportradar has a value of 127.5 million Euro, before EQT Expansion Capital’s investment.

Carsten Koerl, CEO of Sportradar commented, “We are delighted about the partnership with EQT Expansion Capital. It is the right moment for this strategic co-operation as there are huge opportunities for Sportradar in the marketplace. Combining with EQT Expansion Capital, with its great experience of backing successful companies, and EQT’s network of industry contacts means we are confident of continuing Sportradar’s success story in the future. With our new investor, our financial firepower has improved significantly. The transaction supports our aggressive future growth strategy and will provide access to exciting new business opportunities.”

Sportradar’s new Chairman of the Board, Werner Klatten, also commented on the investment, “Over the last few years, sports betting has gained an increasing importance within the sports industry. 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”.

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