Edinburgh-headquartered Shot Scope Technologies, which produces a GPS-based, performance-tracking golf watch, has raised $5m (£4.1m) capital to expand in the US, where it has already established relationships with retailers.
The funding round includes follow-on investment from the Scottish Investment Bank, Old College Capital – the in-house venture capital arm of the University of Edinburgh – and angel fund Equity Gap.
Shot Scope are excited to build upon our existing relationships in the US and deliver our market-leading technology to the US golfer...David Hunter, Chief executive, Shot Scope
Shot Scope currently records one million shots every ten days, and its V2 golfing watch has been used in 58 countries while accompanying apps are available in five languages.
The tech firm said its watch is a market-leader in Scotland and out-sold competitors in the UK market during the first half of the year.
The fresh cash injection takes Shot Scope’s total investment raised to more than $10.5m in four years.
Shot Scope claims the average user reduces their handicap by 2.7 shots over the first 30 rounds played with the V2 system...