Veo announced a $6M series A round backed by Ventech and CourtsideVC.

Denmark Investments 12 September 2019
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Veo, a Copenhagen, Denmark-based sporttech company providing access to football video and stream matches for clubs via an "AI camera", announced the completion of a $6M capital investment round.

The money was provided by Danish and international investors, including CourtsideVC, Ventech Capital and Seed Capital. The funding will be used to expanding the business in the USA and to make the technology available for other sports.

Veo, founded in 2015 as Sportcaster by Henrik Teisbæk (CEO), Jesper Taxbøl and Keld Reinicke, built an affordable camera wearable that can be used for creating automatic broadcasts of football matches and practices with minimum human overheads.

The wearable consists of a 4K lens, 180° camera that records the entire pitch (mounted on a special tripod for optimal view), backed by software that recognises all the action and processes the resulting video.

Veo is aimed to be used by clubs, players, coaches, scouts, families and fans interested in an easy-to-record videos and the pricing starts from €1200 euro for a piece of Veo Cam plus a subscription model per time per team.

The company has some 35 employees and recorded 25000 games from 1000 clubs in 50 countries.

Prior to this round, Veo raised about $2.3M from external investors.