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Announced

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Guggenheim Investment completed a $52m investment in Kitman Labs.

Synopsis

Guggenheim Investment, a global asset management and investment advisory firm, completed a $52m investment in Kitman Labs, a developer of an athlete management platform. “We are empowering teams to move quickly into the new paradigm for sports performance and talent strategy, characterized by bringing together data, people and processes. Our fully-scalable operating system for sport bridges the gap between legacy software, trackers and wearables, consolidating them into one centralized platform that creates real-time insights that improve performance on and off the field. With the support of Guggenheim Investments, we can scale the company faster to create the industry standard solution and accelerate ongoing innovation to stay ahead of the rapidly changing market requirements in sport," Stephen Smith, Kitman Labs Founder and CEO.

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