SwingU Raises Growth Equity Round
HARTFORD – SwingU, the sports technology and media company focused on golf game improvement, announced today that it has closed a $1.5 million growth equity round.
Headquartered in Hartford, Connecticut, SwingU owns and operates top-rated smartphone apps across GPS, scorecard, stats, instruction, social & ball tracing. The SwingU GPS & Scorecard app has been 2019’s most downloaded golf GPS & scorecard app in the world (according to app research firm, Sensor Tower) and is projected to pass the milestone of 5 million registered users in January 2020. During the summer of 2019, SwingU was ranked as high as #19 in the world within the Sports category of Apple’s App Store.
SwingU Clubhouse publishes a golf email newsletter reaching hundreds of thousands of golfers every weekday. In addition to covering tour news, equipment, rules and travel, SwingU has partnered with some of the world’s top instructors like Stan Utley, Gary Gilchrist, Jim Hardy, Chris O’Connell, Mark Blackburn, Shawn Cox, Jason Sutton and Joe Hallett to offer new golf instruction drills & lessons daily.
Launched in January 2019 at the PGA Merchandise Show, SwingU Academies develops personalized, branded instruction & training apps for clubs, teachers and/or academies. Having signed over 50 third-party app development clients, management expects tremendous growth for this world-class instruction & training SaaS platform. The company also has signed clients in both tennis and fitness, giving its sales team the ability to offer any private club or resort an instruction & training SaaS solution for its golf, tennis and/or fitness teams.
Since its reorganization in 2015-16, SwingU has grown revenue at a nearly 50% CAGR, and management expects that growth to continue in 2020 and beyond. “This has been a great story, and I feel extremely fortunate,” said Charles Cox, Chief Executive Officer at SwingU. “We’ve got an incredibly hard-working team, a supportive group of private equity investors and a strong partnership with the State of Connecticut.”
Headquartered in Hartford, Connecticut, SwingU is a sports technology and media company focused on golf game improvement. The company owns and operates top-rated smartphone apps across GPS, scorecard, statistics, instruction, social & ball tracing. SwingU Clubhouse publishes an email newsletter reaching hundreds of thousands of golfers daily. Lastly, SwingU Academies develops personalized, branded instruction & training apps for clubs, teachers and academies. For more company information, please visit www.swingu.com.