Champions Round cofounders Carter Russ and Chase Payne sit at an outdoor table.
Carter Russ and Chase Payne cofounded Champions Round, which closed $7 million in Series A funding in 2023.
  • The evolution of tech and media is creating opportunities for innovation in sports.
  • Sports betting has also added new facets to the industry in the US.
  • Here are pitch decks 10 sports startups used to raise millions in Series A and Seed rounds.

The sports industry has exploded in recent years as technology and consumer habits change.

The expansion of legal sports betting in the US ushered in one of the biggest transformations. It's opened up a new market not only for sportsbooks like DraftKings, but for the ancillary businesses that support betting — be it platform providers, data companies, media partners, geolocation and compliance suppliers, or others.