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

Oct 06, 2022•about 3 years ago

Round Type

series b

MalmöSportsInformation Technology

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.

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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