PHILADELPHIA, PA – SeventySix Capital, a venture capital company that invests in startup companies in the sports tech, e-sports and sports betting industries, announced today that they’ve participated in the latest round of funding into Diamond Kinetics, an emerging baseball and softball technology company.
Led by former Philadelphia Phillies first baseman and World Series Champion, Ryan Howard, along with Managing Partners Wayne Kimmel and Jon Powell, SeventySix Capital is uniquely positioned to support the growth of Diamond Kinetics. SeventySix Capital deepens the sports-industry expertise of investors in the company that already includes Pittsburgh Pirates Principal Owner and Chairman Bob Nutting, and former Pittsburgh Steeler Troy Polamalu.
“Because of my professional baseball career and transition to an investor in the latest and greatest sports tech – there’s definitely no shortage of sports tech startups that have come our way.” Howard said. “The more I got to know (Diamond Kinetics CEO ) C.J. Handron and the team, learn about their business and see the Diamond Kinetics products in action, the more excited I became to support what they’re building. From the lens of both a player and a parent, I’m confident that Diamond Kinetics is the future of baseball.”
Founded in 2013 by University of Pittsburgh Professor of Mechanical Engineering, Dr. William Clark, and C.J. Handron, Diamond Kinetics provides cutting-edge tools, technology, and training content to coaches, parents, and players, with the ultimate goal of helping players improve, develop their skills, and have more fun playing the game.
Diamond Kinetics’ tech-enabled products, including the SwingTracker Bat Sensors and PitchTracker Smart Baseballs, are used some of the biggest names in baseball. Industry partners include Perfect Game, Marucci, Ripken Baseball, Babe Ruth League and top collegiate baseball and softball teams from all over the U.S. Furthermore, the use of Diamond Kinetics products by professional organizations continues to grow significantly as the availability of smart-enabled bats rapidly expands. Diamond Kinetics now partners with 14 major bat manufacturers to enable the SwingTracker bat sensor to embed directly into their bats.
With the financial and operational support of SeventySix Capital, Diamond Kinetics will be able to continue to enhance and refine their cutting-edge sensors, smart balls and family of mobile apps, making each more robust, dynamic, interactive and ultimately, better for continued player development.
“We’re very pleased and truly optimistic about the investment from Ryan and his team. His expertise and relationships in the baseball industry, both as a major league player and father, will serve to make Diamond Kinetics the leader in the baseball and softball technology industry,” said Handron. “In addition, (SeventySix Capital Managing Partner) Wayne Kimmel’s knowledge and experience in the venture capital and sports tech industry will be extremely helpful as we continue to introduce new products, services and partnerships.
— Diamond Kinetics (@DiamondKinetics) February 20, 2019
About Diamond Kinetics
Founded in 2013, Diamond Kinetics enhances the games of baseball and softball by creating engaging experiences that help players improve and also have fun.
We are the market leader in mobile motion technology and information that enables player development, superior equipment fitting, objective scouting and recruiting, and engagement-driven entertainment.
We do this leveraging an exclusive license to issued patents from the University of Michigan and the University of Pittsburgh, deep technical expertise, key strategic partnerships and our love for the game.
About SeventySix Capital
SeventySix Capital is a sports tech venture capital company led by Wayne Kimmel, Jon Powell and former MLB superstar, Ryan Howard. The fund invests in passionate, smart and nice entrepreneurs who are launching game-changing tech startups. Founded in 1999, the fund has seen top exits to Fortune 500 companies including Aramark, Intel, IBM, Walgreens, and Yahoo.
SeventySix Capital’s Athlete Venture Group allows players to invest, learn, and work directly with top sports tech startups and entrepreneurs. Athlete Venture Group members, including Ryan Howard, DeMarco Murray, Ralph Sampson and Brian Westbrook, work hands-on with SeventySix Capital’s portfolio companies in the esports, sports betting, data collection, data analytics, broadcast and media industries.