Foresight Group has announced a £2.15m growth capital investment into Sportlabs Technology, trading as ClubSpark.
Founded in 2012 by CEO Dave Ward and CTO Nathan Flood, ClubSpark says it provides a software platform giving easy access to sports and events for participants, simple to use tools for sports providers, whilst giving National Governing Bodies and International Federations insight into participation and activity levels.
The software platform allows sports providers to manage all operational activities, including resource booking, membership, CRM, competitions/tournaments, courses, holiday camps, coaching, reporting, compliance, safeguarding and website development.
It has served three of the four Grand Slam nations, as well as the International Tennis Federation; ClubSpark has also secured flagship clients in other sports, including the ECB, England Athletics, British Triathlon and Table Tennis England. Foresight’s investment will primarily help extend the company’s international operations, consolidate its position as the de facto standard within tennis and explore new avenues for growth.
Matthew Evans-Young, investment manager, Foresight Group, said: “The value and insights that ClubSpark’s platform brings are proven, and we have been impressed by the company’s achievements to date.
“ClubSpark has the opportunity to become a truly global organisation, and we are looking forward to working with Dave, Nathan and the rest of the team over the coming years.”
Dave Vibert-Ward, CEO, ClubSpark, said: “We have found in Foresight a team that showed a great understanding of our market and immediately understood our business, our values and our mission to get more people active through the use of technology.
“Their experience, track record and investment is a vote of confidence in our business model and marks an important milestone as we expand into new markets and geographies.”