1、SPORTS TECHNEW YORK | LONDON | PARIS | MUNICH | SAN FRANCISCO | LOS ANGELESJANUARY 20222021 YEAR IN REVIEW & 2022 PREDICTIONSLANDMARK 2021 DEAL ACTIVITY2WITH $20B DISCLOSED IN M&A TRANSACTIONS AND $9B DISCLOSED FUNDRAISINGS IN 2021 YTDM&A Activity in the Sports Tech sector has experienced sizeable g

2、rowth since 2018 and landmark dealmaking in 2021 as the sector continues to show resilience through the global economic shocks of the pandemic, reaching record high transaction value ($19.68B) and deal count (141) in 2021. The high number of undisclosed transactions mean an entirely accurate view of

3、 total deal size is difficult to ascertain. That said, it is clear the sector is beginning to mature with landmark deals such as CVCs $2.90B acquisition of Razer. 2021 also marked an outstanding year for fundraising activity, reaching an all-time high transaction value ($8.75B) and deal count (342).

4、 Underpinned by large fundraises such as Epic Games ($1B), Dream11 ($840M) and Sorare ($680M).The anticipated growth in the value of media rights and sponsorship deals will drive M&A activity in the sector, and we expect esports and betting to be the highest growth subsector in terms of deal volume.

5、 Growth equity providers will increasingly fund esports and betting businesses that have proven business models and clear paths to profitability, but require capital to scale.The year saw multiple IPOs and SPACs such as Draft kings, Genius Sports and Sports Radar. We predict this activity to continu

6、e into 2022 with established market players such as Eleven Sports, Fanatics and Deltatre and as the Sports Tech market continues to mature more players will consider the IPO route.Sources: Pitchbook, Drake Star Analysis(1) Sports Tech criteria includes; Esports, Fantasy Gaming, Wearables, Performanc