Veo, a Copenhagen, Denmark-based AI sports camera startup that records sports matches without a camera operator, raised $80 million in Series C funding to support the global expansion of its automated cameras to sports teams.
The round was led by European private equity firm ATP, with participation from existing investors Ventech, Seed Capital, and Chr. Augustinus Fabrikker.
The fund will specifically support Veo's expansion in the United States, where its camera system is already used by more than a half-dozen Major League Soccer clubs.
Veo is the title sponsor of the KDB Cup, the youth soccer tournament formed by Manchester City star Kevin De Bruyne. Outside of soccer, the NBA distributed Veo’s cameras for scouting purposes prior to its 2020 draft.
Company: Veo Technologies ApS
Raised: $80.0M
Round: Series C
Funding Month: September 2022
Lead Investors: ATP
Additional Investors: Ventech, Seed Capital, and Chr. Augustinus Fabrikker
Company Website: https://www.veo.co/
Software Category: AI Sports camera
About the Company: Founded in 2015, Veo is an automated camera startup allowing coaches and players to watch and share their games. Veo lets you record your sports match without a camera operator and includes analytical and sharing tools that allow all users to access and use the content. Veo serves over 15,000 clubs in 80 countries, including Premier League, La Liga, Serie A, and Ligue 1 teams. Its vision is to democratize video broadcasting and analytics that today only are available for professional teams. Veo is offered for clubs, players, coaches, scouts, families, and fans to give access to a quality video. The company has offices in Copenhagen, Miami, and London and plans to make more than 200 hires over the next two years.
Source: https://www.sporttechie.com/automated-sports-camera-startup-veo-raises-80-million-in-series-c-funding/