refbook identified as key SportsTech innovator of the Asia-Pacific region
refbook has been identified as one of 10 impressive startups in the Asia-Pacific SportsTech Startup Selection 2022. Released as part of SportsTechX's Asia-Pacific SportsTech Report 2022, the selection represents the sportstech innovation capabilities of the region.
refbook was identified by a panel of 11 SportsTech innovators renowned for collectively driving the growth and success of the ecosystem through their
engagement in new and leading initiatives. Refbook's nomination places the sports' officials management platform alongside other leading technology companies including Mr Yum (Australia), Netrin (India), Samsara (Australia) and Tomorrow (Singapore).
According to SportsTechX, there is lots to talk about when it comes to the Asia-Pacific market, especially given the vast geography covered by the yearly report. Here are some of the main highlights:
$3.1b invested in SportsTech in 2021, almost 5 times the figure in 2020. Average deal value of $47m makes it the highest in the world but median value of $1.7m is closer to the norm. Plenty more to come from the fastest growing region in SportsTech
After playing second fiddle to China for a while, India has emerged as the top SportsTech country across the region after topping the investment charts in 2020 and now in 2021 by a significant margin. Hong Kong is the big winner in 2021 as home to one of the world’s premier NFT service providers while there are encouraging signs in Australia and some Gulf countries, Saudi Arabia & Qatar are especially interesting given their growing importance in the sports world.
The Asia-Pacific region has seven recognised SportsTech VC organisations with five accelerator/incubator programs to help drive growth of the regional sector.
About SportsTechX
SportsTechX is the #1 source for data & insights about startups & innovation in Sports. Our mission is to promote and navigate the global SportsTech ecosystem. We frequently publish content in formats such as industry-leading reports, podcasts and newsletters, and appear as keynote speakers at events. Our insights are based on our SportsTech Framework which provides a systematic structure to find, compare and assess all things SportsTech on a global level. We work with investors and organisations in sports and adjacent industries helping them with market analysis and connecting them with startups. We also support select startups in business development and fundraising.
