On August 30, 2017, SPORTLOGiQ secured $5 million in its Series A financing round. The round was led by Rho Canada Ventures L.P. ("Rho Canada") and Anges Quebec Capital S.E.C.
SPORTLOGiQ is an artificial intelligence powered sports analytics company based in Montreal and is comprised of leading researchers in computer vision and machine learning. The company's advanced analytics platform tracks the location and actions of every player on the ice, court, or field, enabling teams and fans to see and understand the game in ways that were not previously imaginable.
Funds raised in this round will be used to continue to commercialize the technology, as well as ramp up its real-time player tracking system.
Rho Canada is a division of Rho Capital Partners focusing on early-stage investing in Canada's most innovative technology companies.
Osler, Hoskin & Harcourt LLP represented Rho Canada with a team consisting of Chad Bayne, Kate Royer, David Jamieson and Trevor Kirsh (Corporate) and Steven Dickie (Employment & Labour).