Malmö, Sweden-based deWiz, a startup that helps golfers enhance their game through technology, announced on Thursday that it has secured 43M SEK (approximately €3.9M) in an oversubscribed Series B round of funding.
The company’s original investors group backed the round, which also included new investors like Patrick Rees, founder of Bygghemma, and global deWiz ambassadors Vijay Singh and Annika Sörenstam.
Fund utilisation
The Swedish company says it will use the funds to showcase its wearable swing modifying technology through marketing, global expansion, continued product development, and hiring talent.
deWiz AB also plans to enter new verticals, including sports like basketball and tennis, as well as broader applications across gaming and healthcare.