#158 💸 November Deal Flow Roundup: Small Month in a Big Year

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November was a quiet month with just over $110M in funding, but 2025 has been a strong year for sports tech deal flow. Here's the monthly breakdown. For the full year’s picture, download our latest VC Report.

💡 GLOBAL SPORTS TECH VC REPORT

November 2025: Monthly Investment Roundup

November 2025 was a quieter month for deals, with a total $110.3M in funding across 12 rounds and all M&A deal values undisclosed. Still, some solid strategic bets kept coming, particularly in sports operations and data analytics.

Here’s a quick summary:

• Geography: Funding was led by North America (53.1%), followed closely by Asia (44.2%), while Europe contributed just 2.7% of total investment.
  M&A activity was also concentrated in North America (66.7%), with the remaining 33.3% occurring in Europe.

• Sectors: Funding was dominated by the ‘Management & Organisation’ segment, which captured 70.2% ($77.4M) of total capital raised. ‘Activity & Performance’ followed with 29.8% ($32.9M), while ‘Fans & Content’ saw no new funding activity this month.
  M&A activity leaned similarly toward the ‘Activity & Performance’ sector (66.7% of deals), with ‘Management & Organisation’ accounting for the rest (33.3%).

• Top Deals: Fastbreak AI raised $40M in a Series A round from investors including TMRW Sports, Patrick Cantlay, NBA, NHL, and Greycroft, leading November’s funding activity.

The rest of 2025 told a different story though. January kicked things off with nearly $4B, thanks to massive rounds from Napster, DAZN, Oura, and Teamworks that set the tone for the year. After steady activity through mid-year, things heated up again from July to October as 4 out of 5 months crossed the $1B mark. Meanwhile, M&A saw major consolidation moves: Flutter went to 100% ownership of FanDuel, Disney took full control of Hulu, and Allwyn scooped up PrizePicks.

Download our latest Global Sports Tech VC Report which includes:

• A full breakdown of five-year funding and M&A cycles

• A sector-level and geographical view of where capital is moving, including which categories are contracting and which are expanding

• The top funded companies, along with the investors most active across stages

• Deep dives on key trends: the rising popularity of debt financing, new funds targeting the sector in big numbers, and emerging trends transforming the sports media landscape

• A mapped view of the global innovation ecosystem: accelerators, labs, challenges, and industry-led programs

Upgrade to the PRO Report (Intelligence Hub Yearly)

This free version provides the full dataset at a high level. The GSTVCR25 PRO Report goes further with:

• Regional funding breakdowns 2021-25 (NA, Europe, APAC, ROW)

• Five-year investor activity and top funded companies

• Full M&A summary 2021-25 (values, volumes, top acquirers)

• Unicorn overview (by sector, region and valuation)

• Deal size vs funding round analysis

• Sub-sector funding snapshots

If you need the complete picture for investment, strategy, partnerships or planning, the PRO report and Intelligence Hub provides the granularity needed for decision making.

📰 THE LATEST

Top News From The World Of Sports Tech & Biz

📺 Yahoo Sports launched Game Breakdowns, an AI-powered feature that automatically generated real-time summaries, key plays and contextual analysis for NFL games.

🏀 Genius Sports partnered with FanDuel Sports Network to launch an Intelligent Content Platform delivering automated real-time storytelling across the NBA and WNBA.

🏀 NBA Africa named ten startups from five countries as finalists for the second Triple-Double Accelerator to support Africa’s sports-tech and entrepreneurship ecosystem.

⚽ Federation of Sport, co owned by Real Madrid goalkeeper Thibaut Courtois, launched a £1.6 million immersive tech and hospitality venue in Hull featuring golf simulators, virtual reality escape and team combat experiences, interactive darts, PC gaming and esports as it made its global debut this weekend.

📱 The MLS Cup broadcast used four iPhone 17 Pro units alongside professional cameras in a first-of-its-kind integration for live sports production.

🏃 Feldspar passed third-party testing by SportsLabs EU for its smart athletics track system, validating accuracy and safety for athlete use.

🤝 PMY Group launched Tahreez Sport and Entertainment in Saudi Arabia through a joint venture designed to strengthen the live sports and entertainment ecosystem with new infrastructure and technology solutions.

🏋️ Technogym opened a new headquarters and boutique in Riyadh to expand its presence and offer the full Technogym Experience in Saudi Arabia.

⚽ FIFA agreed to a $1 billion partnership with a Saudi government agency to fund global football-infrastructure projects through discounted stadium-construction loans prioritizing developing nations.

📺 LaLiga secured €5.25 billion in new five-year domestic broadcast deals with Telefónica and DAZN from 2027 to 2032.

🏃 Ahemdabad in India was confirmed as the host city for the 2030 Commonwealth Games, marking India’s first time securing the event.

💰 Mexico’s 8 team American Football league, La Liga de Fútbol Americano Profesional (LFA), received $100 million in private equity investment to expand teams and attract top talent across the league.

💰 Outlier closed a $10.7 million Series A round, including $5.7 million in equity led by Discerning Capital and $5 million in user-acquisition financing to accelerate subscriber growth.

💰 Sports for Life raised $2.6 million (₹21.57 crore) in a Series A round to expand its sports-focused programs and operations.

💰 FITR secured $2 million (£1.5 million) from Maven Capital Partners to scale its platform for coaches and fitness professionals globally.

💸 Puma became the subject of acquisition interest from Anta Sports and other firms, a speculative development that drove an 18 percent share-price jump, for an undisclosed amount.

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