Golf Tech Platform Looks For Funding Boost

VPAR, a golf technology platform, has launched a £1m fundraiser on investment platform Seedrs.

The London-based company has developed a range of technology and platforms for golfers, which includes an app to give amateur golfers real-time information and analysis to the same level as the pros.

The company has grown from its live scoring services, which includes leader boards on the course and club house, for major pro and corporate events, including PGA Tour and companies such as HSBC and PWC.

Follwing this, VPAR released an app to provide golfers with on-going stats, a GPS course planner and other features for users wanting a digital scorecard or golf trip companion.

The company has now turned to crowdfunding platform, Seedrs, as it looks to continue the roll out of its technology.

Jason Stoop, chief executive officer, VPAR said: “This year we’ll continue to connect golfers, and provide the best experience on and off the course possible, motivating them to compete day in, day out.

“We believe the VPAR app will have been downloaded more than 3 million times and will provide club technology to 1,350 clubs and generate over £11m of annual revenue by the end of 2020.”

Jonathan Barnett of BNP Investment Partners said: “It is a really exciting investment opportunity, not just for golf and tech lovers, but because the global golf market has mammoth proportions and this is just the beginning for VPAR which makes them an exciting prospect.”