St. Louis-based venture capital firm Stadia Ventures has added to its portfolio with investments in five startups.
It has made the investments as part of the Spring 2023 cohort of its accelerator program, backing companies with products that range from a device to track exercise recovery to a new platform for placing bets. Through its accelerator program, Stadia invests up to $100,000 in each company and the startup’s participate in a 14-week business development program.
Founded in 2015, Stadia invests in startups with technology and products geared toward the sports industry. It has invested in 72 companies, with those firms raising $360 million in follow-on capital.
Companies selected for the Spring 2023 cohort in January participated in a pitch day event at Enterprise Center, home of the St. Louis Blues. Companies in the cohort include:
- Innerlogic (Halifax, Nova Scotia): The company’s software uses artificial intelligence and data analytics to provide insights to help sports organizations and businesses manage and improve their organization’s culture.
- Blerp (Salt Lake City): The startup says it has developed a “search engine for sound bites” that’s designed to allow users to create and find shareable sound bites. It is currently focused on being in the video gaming and live streaming markets.
- Impact Biosystems (Boston): It is developing hardware and software products geared toward health and fitness. It has created a product designed to scan muscles to measure their stiffness after exercise.
- RookMotion (Miami): Its software culls data from an individual’s wearable fitness devices to generate insights.
- Sparket (Los Angeles): Sparket has developed a wagering app it says is designed to attract “casual betters” by facilitating “friendly wagers for fun or cash.”
