Shot Scope has raised £2.7m in a Series A funding round led by Guinness Ventures, which invested £2.1m.
The round also included investment from the Scottish Investment Bank, Old College Capital and Equity Gap.
The Edinburgh-based manufacturer of golf technology and improvement products has built up more than 100,000 users in 162 different countries.
Its team of 25 people produce a range includes GPS watches, laser rangefinders and shot tracking devices.
The investment and partnership with Guinness Ventures should allow Shot Scope to scale.
Founder and chief executive David Hunter commented: “Six years ago as a keen amateur golfer I realised that technology could enable players to make better decisions on the course.
“Since then, Shot Scope has grown from a start-up to an established market leader in GPS, laser rangefinder and digital on course tracking.
“Our team wants to scale up global expansion, so golfers around the world can experience the game-improving benefits of Shot Scope - the investment and partnership with Guinness Ventures will allow our team to focus on this growth and deliver our technology to golfers.”
Adam Barker, deal lead at Guinness Ventures, said: “We were impressed by the management team and board’s depth and breadth of experience as well as their passion for golf.
“We love the amazing range of great golf tech and are excited to be on the inside with a preview to the roadmap of products, software and features, that we can’t wait to see launched and change the game.”
Ed Reid, associate director at PwC, which advised Shot Scope, commented: “Despite more challenging market conditions, Shot Scope has secured investment from investors who understand their market and mission to change the game of golf.”
The team includes a retired professional golfer who played in the 2009 Walker Cup, a Scotland Ladies team player and a former PGA professional coach.
The company has mapped 36,000 golf courses around the world. It owns this data and can quickly make edits or changes to golf courses requested by users.
The Shot Scope app and dashboard provides more than 100 statistics on the golfer’s game, including club distances, approaches, short game, putting, scoring, handicap benchmarking and strokes gained.
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