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Macdonald Henderson Advises Old College Capital on Shot Scope Funding – 15th January 2018 - Click for larger version Macdonald Henderson Advises Old College Capital on Shot Scope Funding – 15th January 2018

Macdonald Henderson is pleased to have advised Old College Capital, University of Edinburgh’s investment arm, in its investment (alongside Scottish Investment Bank, Equity Gap and high-net-worth individuals), in a £1.6 million funding round in Shot Scope Technologies, maker of the must-have performance-tracking watch for golfers.

The investment brings to £4.5 million the total raised by the company since its launch in December 2014.

The funding round is the company’s third, following a £1.6m fundraising in 2016 and a £400,000 round in 2015. The company has also received £1m in government grants.

Shot Scope is the only wearable golf device that both automatically tracks a player’s performance and provides live “yardage” distances on the golf course. It enables players of all standards to closely monitor, analyse and ultimately improve their game, and it is approved by global rule-setting bodies the R&A and the United States Golf Association.

The watch works with small tags placed in the grips of a player’s golf clubs, and performance tracking and live distance data is enabled through Shot Scope’s own mapping service and Smart GPS. Free, propriety smartphone apps or web interface enable detailed statistical analysis of every shot after the round.

Led by founder and CEO David Hunter, among the Shot Scope board are Chairman Ken Lewandowski, an experienced technology and manufacturing chief executive; Dr Bill Buckie, a respected figure in the Scottish start-up scene; successful technology entrepreneur Ian Ritchie; and Rob Jones, co-founder of Fan Duel, the billion-dollar fantasy sports game launched in Edinburgh, who joined Shot Scope’s board in September.

Old College Capital fund manager Andrea Young adds:

“Shotscope is an exciting high-growth business based in Edinburgh and we were delighted to invest in this round.

We were delighted by the professional service delivered by Fraser (Morrison) and the Macdonald Henderson team. Their commercial approach and experience in the investment market resulted in a well-run project which completed on schedule and in a collaborative spirit.”

Last updated: 11.48am, Friday 12th January 2018

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