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Win Reality Triples Revenue And Announces $45 Million Growth Investment From Spectrum Equity

Jun 01, 2022•over 3 years ago

Amount Raised

$45 Million

Austin

Description

WIN Reality, a virtual reality training and assessment platform for elite athletes, today announced that it has received a $45 million growth equity investment from Spectrum Equity, a leading growth equity firm focused on internet and software companies. The investment comes on the heels of a year of tremendous growth for WIN. In 2021, the company more than tripled both revenue and customer count, gaining momentum among athletes of all levels. The investment will be used to accelerate WIN's product innovation and support the company's mission of broadening access to the premier performance training tools used by professional athletes.

Company Information

Company

Win

Location

Austin, Texas, United States

About

In 2021, the company more than tripled both revenue and customer count, gaining momentum among athletes of all levels. Delivered through the Meta Quest headset, the company provides users with a library of over 7,000 real-life pitchers they can face off against and nearly two million pitches, allowing them to train for every potential pitch they might see in play. "The company has achieved significant scale and cultivated an engaged customer base and community and did so on VR, a platform that is still early in its adoption curve. For over 25 years, the firm has partnered with exceptional entrepreneurs and management teams to build long-term value in market-leading internet-enabled software and data services companies. MLB players who used WIN as a game-prep tool exhibited 19% higher batting averages, 12% higher on-base percentages, and an 18% better plate-discipline ratio, according to a joint WIN-MLB study.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech