Sportradar is the largest supplier of sports related live data, odds solutions and fraud detection services to bookmakers, media companies, sports federations and government agencies. In July 2012 EQT Expansion Capital II invested in the Company alongside the founder, CEO and majority owner Carsten Koerl.
During EQT Expansion Capital II’s investment period, Sportradar has grown significantly, both in terms of top-line and profitability. Organic growth of the Company was supplemented with selective add-on acquisitions, which allowed Sportradar to broaden its product portfolio and geographic reach. EQT Expansion Capital II also supported the strengthening of the internal organization by attracting new managers and improving internal processes.
Key events during EQT's ownership
- Continue Sportradar’s conversion from a data supplier to a service supplier
- Supported a number of add-on acquisitions extending Sportradar product offering and geographic reach
- Bolstered the Sportradar’s management structure through attracting the new key managers
- Strengthened the organizational backbone through continued investment in headcount especially in the IT space