Fundz

Dewiz Ab Closes Out Series-B Funding To Fuel Golf Wearable Technology Business

PRIVATEOct 06, 2022

Round Type

Series B

MalmöInformation TechnologySports

Description

deWiz AB has closed out its current Series-B funding round with more than 43 million SEK (nearly 4M USD) in new investment dedicated to its deWiz Golf business. The oversubscribed investment will showcase deWiz’s wearable swing modifying technology through additional marketing, further global expansion, continued product development, and added staffing to support further growth. And with financial backing secured for the golf vertical, deWiz AB can continue development on new verticals, including sports like basketball and tennis, as well as broader applications across gaming and healthcare. The Series-B funding round was backed by the original investors group, and includes new investors like Patrick Rees, founder of Bygghemma, and global deWiz ambassadors Vijay Singh and Annika Sörenstam.

Quick answer

Dewiz Ab raised an undisclosed amount in a Series B round, dated October 6, 2022. Dewiz Ab is based in Malmö, Skåne County, Sweden.

How much did Dewiz Ab raise?
Dewiz Ab raised an undisclosed amount in a Series B round on October 6, 2022.
What does Dewiz Ab do?
As a world leader in stimuli-based motor learning, deWiz enables people to unlock their potential and achieve their goals through groundbreaking data and technology.
Where is Dewiz Ab based and how big is it?
Dewiz Ab is based in Malmö, Skåne County, Sweden.

Source: Fundz verified event record.

Who else raised in Sports around the same time

Companies in the same sectors as Dewiz Ab that raised within 45 days of this round, from Fundz verified event records.

  • Curevo raised $26M (Series A) on November 16, 2022.
  • Charlotte's Web raised $57M on November 15, 2022.
  • Curevo raised $22M on November 10, 2022.
  • Theia Studios raised $2.4M (Seed) on November 9, 2022.
  • Gear Up Sports raised $3.1M (Seed) on November 8, 2022.
  • SponsorUnited raised $38M on November 4, 2022.

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Company Information

Company

Dewiz Ab

Location

Malmö, Skåne County, Sweden

About

As a world leader in stimuli-based motor learning, deWiz enables people to unlock their potential and achieve their goals through groundbreaking data and technology. As a Swedish developed and produced product, deWiz Golf AB is focused on its mission to help golfers around the world increase their enjoyment of the game through innovative technology that increases their pace of learning. Developed in Malmö by co-founders Markus Westerberg (PGA Professional, Ljunghusen Golfklubb) and Christian Bergh, deWiz is available in the U.S., Canada, Europe, Australia, Japan, South Africa, and South Korea (more markets are opening regularly - visit the site for the latest updates). For more information on deWiz AB, visit dewiz.com for investor relations and corporate information.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Dewiz Ab raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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