Wingfield receives four million euros

In 2019, the startup launched its product. Now Wingfield is raising capital for its expansion.

In its Series A financing round, Wingfield has raised four million euros. BMP Ventures, IBG Fonds and Adesso Ventures have newly joined the startup. Existing investors IEAD Sports & Health Tech Partners and Hannover Beteiligungsfonds already participated in the round in advance last year.

Wingfield has existed since 2017 and has developed a box that tracks the activities of tennis players based on artificial intelligence and image processing technology. The system then analyzes the collected data and gives players direct feedback on their playing technique. This allows professional athletes, as well as recreational athletes, to measure their progress. The start-up now operates in 16 countries and has around 250 customers, including the Rafa Nadal Academy and London's Queens Club.

"Despite the impact Covid-19 had on our industry, the last two years have shown that there is a huge demand for our products," says Wingfield founder and CEO Maik Burlage. "We are finding that tennis clubs in particular are under increasing pressure to not only digitize their administrative needs, but also to rethink their offerings in line with changing customer demands." With the capital from the funding round, Wingfield aims to meet the increased demand. The startup wants to optimize its technology, further grow its business in Europe and expand into the US.