Startup News: How SportAI Secured €2.6M Backing from Ruud and Carlsen with Lessons for Entrepreneurs

Discover how SportAI, backed by Casper Ruud & Magnus Carlsen, raised €2.6M to revolutionize sports coaching with AI-powered video analysis and performance insights.

F/MS BLOG - Startup News: How SportAI Secured €2.6M Backing from Ruud and Carlsen with Lessons for Entrepreneurs (F/MS Europe, Casper Ruud and Magnus Carlsen back SportAI as it secures €2.6 million for its AI performance insights)

In an impressive testament to the intersection of technology and sports, Norway’s SportAI recently secured €2.6 million in an oversubscribed funding round to scale its innovative AI-driven performance insights platform globally. Backed by world tennis star Casper Ruud and chess grandmaster Magnus Carlsen, this sports-tech darling is setting a new standard for coaching and analysis by democratizing access to elite-level performance tools. As a serial entrepreneur with extensive experience in AI, innovation, and startups, I, Violetta Bonenkamp, can’t help but take a closer look at what makes this venture so promising, and how it could inspire entrepreneurs looking to blend technology with real-world applications.


Why SportAI’s Success Resonates Beyond Sports

From an entrepreneurial lens, SportAI hits all the startup sweet spots: a clearly defined niche, scalable technology, and endorsements from world-class athletes. It’s a Norwegian-founded B2B sports technology company that uses AI to deliver performance insights through video analysis, initially targeted at racket sports such as tennis, pickleball, and badminton. By analyzing gameplay with computer vision and machine learning, the platform provides users with actionable data: think detailed technique breakdowns, match stats, and even tactical improvement suggestions.

Here’s where it gets interesting. Traditionally, video analysis in sports coaching has been a luxury for only the professionals because of the need for dedicated analysts, costly equipment, and time-intensive manual tagging of footage. SportAI flips the script. By integrating seamlessly with hardware like mounted cameras, mobile phones, and broadcast feeds, it transforms how athletes and coaches interact with data. This is the type of technology that I like to categorize as “aspirational yet accessible.”


Lessons for Entrepreneurs: The Ingredients for Securing High-Profile Backers

  1. Laser-Focused Niche:
    SportAI didn’t try to solve the broad category of sports technology. Instead, it started by perfecting solutions for racket sports, a niche with massive global interest but untapped technological potential. Entrepreneurs should take note: beginning within a well-defined niche can pave the way for broader future applications.

  2. Market Validation Through Partnerships:
    Sports-tech ventures often fail when they can’t bridge the gap between fancy tech and real-world usability. SportAI sidestepped this by building partnerships with existing platforms like MATCHi, a leading network for racket sports venues, and Save My Play, a U.S.-based court camera operator. If you’re a startup founder, strategic partnerships are more than just revenue streams, they validate your product and open up new distribution channels.

  3. High-Profile Endorsements:
    Securing backers like Casper Ruud and Magnus Carlsen isn’t just about funding; it’s about leveraging their credibility and industry reach. The right ambassador can unlock not just doors but entire markets. Entrepreneurs need to understand that and aim for value-aligned partnerships.


How to Build a Venture Like SportAI

SportAI's success isn't accidental, its foundation is firmly rooted in solid strategy, foresight, and execution. Here’s what aspiring entrepreneurs can borrow from their playbook:

  1. Use AI to Solve a Tangible Problem:
    SportAI’s AI solves a real challenge: translating complex game footage into actionable coaching insights. When building an AI startup, start with a narrowly scoped problem before scaling your solutions globally.

  2. Prioritize Democratization:
    Accessibility is key. Much like SportAI bringing data analytics to players at all skill levels, your venture should bridge existing gaps by making premium services affordable to non-traditional markets.

  3. Focus on User Experience:
    There’s no denying that superior technology is vital. But seamless integration into a user’s routine, whether through intuitive interfaces, camera-agnostic hardware, or mobile apps, is what truly drives adoption.

  4. Think Scalability Through Design:
    Invest in scalable systems from Day 1. SportAI’s camera-agnostic SaaS approach means they can integrate with thousands of venues and third-party partners. Entrepreneurs operating on tight budgets should brainstorm simpler ways to scale without over-engineering.

  5. Build Versatility Into the Tech:
    While tennis and pickleball are focus areas for SportAI, their AI capabilities could easily extend to other sports. Entrepreneurs can similarly build platforms with modular designs, allowing cross-industry adaptability.


Why AI Sports Analytics is a Market Worth Eyeing

Sports-tech is booming, and AI-powered sports analytics is poised for exponential growth. By 2030, the AI sports market is expected to be worth €24.4 billion, according to Precedence Research. SportAI’s rapidly adopted solutions, and its announcement of securing the €2.6 million, is no coincidence. As consumers grow accustomed to data-powered solutions in fitness, nutrition, and training, the demand for actionable sports insights is reaching new heights.

For startups and freelancers eyeing opportunity-rich niches, this presents a golden opportunity. Whether venturing into sports, fitness, or adjacent fields like physiotherapy, wearable devices, or augmented diagnostics, adapting AI-driven solutions to solve precise problems will resonate strongly in today’s wellness-obsessed culture.


Top Mistakes Early-Stage Entrepreneurs Must Avoid

SportAI offers several lessons on what to do right, but let me also highlight the pitfalls entrepreneurs must dodge:

  1. Skipping Market Research: Assuming your AI tech solves a universal problem is a surefire way to fail. Dive into the numbers, surveys, or test groups to validate real-world demand.

  2. Overloading Features Before Refining the Core: Startups often try to do too much, offering features no one asked for. Follow SportAI’s lead by perfecting one deep niche before scaling horizontally.

  3. Ignoring Distribution Channels: A great product flounders without distribution. Think partnerships, channel marketing, and localized integrations to get your tech visible and adopted.

  4. Relying Solely on Tech Buzz: Technology sells only when it’s useful. Don’t build just because you can; build because your market needs it.


Conclusion: The Entrepreneurial Takeaway

SportAI is a quintessential example of how to launch, brand, and grow a startup in a competitive market. Backed by Ruud, Carlsen, and other major players, the company perfectly demonstrates the power of combining world-class technology with accessibility and real-world impact.

For entrepreneurs, whether you’re in sports-tech, edtech, or another AI-driven field, the lessons are clear: start small, validate early, and partner intelligently. Most importantly, never lose sight of your end-user, innovative technology is only truly valuable when it meets human needs directly.

Explore how SportAI is democratizing sports analysis and reflect: what is the one barrier in your niche that your startup could remove today? Maybe this is your time to “serve an ace” in your own entrepreneurial journey.

FAQ

1. What is SportAI?
SportAI is a Norwegian-founded B2B sports technology company that uses AI to provide professional-level performance insights through video analysis, catering specifically to racket sports like tennis, pickleball, and badminton. Learn more about SportAI

2. How much funding did SportAI secure recently?
SportAI secured €2.6 million in an oversubscribed funding round to scale its AI-driven performance insights platform globally. Explore details about SportAI’s funding

3. Who are the notable backers of SportAI?
Notable backers include tennis star Casper Ruud, chess grandmaster Magnus Carlsen, and Norwegian investment fund Altitude Capital. Discover why Casper Ruud and Magnus Carlsen support SportAI

4. What problem is SportAI addressing in sports coaching?
SportAI addresses the challenge of making elite-level video and performance analysis accessible and affordable for athletes of all skill levels by utilizing AI to automate coaching insights and analysis. Explore SportAI’s mission

5. How does SportAI integrate with existing sports infrastructure?
SportAI’s AI-powered platform integrates with mounted cameras, broadcast feeds, and mobile phone video, making it highly versatile and scalable for numerous sports venues.

6. What are some unique features of SportAI's technology?
SportAI offers detailed technique analysis, match statistics, tactical insights, and highlights through its camera-agnostic, cloud-based SaaS platform, powered by computer vision and machine learning.

7. Who are SportAI's strategic partners?
Strategic partners include MATCHi, a major racket sports platform, and Save My Play, a U.S.-based court camera operator.

8. What sectors does SportAI plan to expand into?
While currently focused on racket sports, SportAI’s modular and scalable technology allows it to be adapted for other sports sectors in the future.

9. What is the projected market size for AI in sports analytics?
The AI-powered sports analytics market is expected to reach €24.4 billion by 2030. Learn about the opportunities in AI sports analytics

10. Why is SportAI’s technology considered innovative?
SportAI transforms traditionally expensive and manual video analysis into a scalable, AI-driven system, democratizing access to data insights for players and coaches at various skill levels. Discover more about SportAI's innovative approach

About the Author

Violetta Bonenkamp, also known as MeanCEO, is an experienced startup founder with an impressive educational background including an MBA and four other higher education degrees. She has over 20 years of work experience across multiple countries, including 5 years as a solopreneur and serial entrepreneur. Throughout her startup experience she has applied for multiple startup grants at the EU level, in the Netherlands and Malta, and her startups received quite a few of those. She’s been living, studying and working in many countries around the globe and her extensive multicultural experience has influenced her immensely.

Violetta Bonenkamp's expertise in CAD sector, IP protection and blockchain

Violetta Bonenkamp is recognized as a multidisciplinary expert with significant achievements in the CAD sector, intellectual property (IP) protection, and blockchain technology.

CAD Sector:

  • Violetta is the CEO and co-founder of CADChain, a deep tech startup focused on developing IP management software specifically for CAD (Computer-Aided Design) data. CADChain addresses the lack of industry standards for CAD data protection and sharing, using innovative technology to secure and manage design data.
  • She has led the company since its inception in 2018, overseeing R&D, PR, and business development, and driving the creation of products for platforms such as Autodesk Inventor, Blender, and SolidWorks.
  • Her leadership has been instrumental in scaling CADChain from a small team to a significant player in the deeptech space, with a diverse, international team.

IP Protection:

  • Violetta has built deep expertise in intellectual property, combining academic training with practical startup experience. She has taken specialized courses in IP from institutions like WIPO and the EU IPO.
  • She is known for sharing actionable strategies for startup IP protection, leveraging both legal and technological approaches, and has published guides and content on this topic for the entrepreneurial community.
  • Her work at CADChain directly addresses the need for robust IP protection in the engineering and design industries, integrating cybersecurity and compliance measures to safeguard digital assets.

Blockchain:

  • Violetta’s entry into the blockchain sector began with the founding of CADChain, which uses blockchain as a core technology for securing and managing CAD data.
  • She holds several certifications in blockchain and has participated in major hackathons and policy forums, such as the OECD Global Blockchain Policy Forum.
  • Her expertise extends to applying blockchain for IP management, ensuring data integrity, traceability, and secure sharing in the CAD industry.

Violetta is a true multiple specialist who has built expertise in Linguistics, Education, Business Management, Blockchain, Entrepreneurship, Intellectual Property, Game Design, AI, SEO, Digital Marketing, cyber security and zero code automations. Her extensive educational journey includes a Master of Arts in Linguistics and Education, an Advanced Master in Linguistics from Belgium (2006-2007), an MBA from Blekinge Institute of Technology in Sweden (2006-2008), and an Erasmus Mundus joint program European Master of Higher Education from universities in Norway, Finland, and Portugal (2009).

She is the founder of Fe/male Switch, a startup game that encourages women to enter STEM fields, and also leads CADChain, and multiple other projects like the Directory of 1,000 Startup Cities with a proprietary MeanCEO Index that ranks cities for female entrepreneurs. Violetta created the "gamepreneurship" methodology, which forms the scientific basis of her startup game. She also builds a lot of SEO tools for startups. Her achievements include being named one of the top 100 women in Europe by EU Startups in 2022 and being nominated for Impact Person of the year at the Dutch Blockchain Week. She is an author with Sifted and a speaker at different Universities. Recently she published a book on Startup Idea Validation the right way: from zero to first customers and beyond, launched a Directory of 1,500+ websites for startups to list themselves in order to gain traction and build backlinks and is building MELA AI to help local restaurants in Malta get more visibility online.

For the past several years Violetta has been living between the Netherlands and Malta, while also regularly traveling to different destinations around the globe, usually due to her entrepreneurial activities. This has led her to start writing about different locations and amenities from the POV of an entrepreneur. Here’s her recent article about the best hotels in Italy to work from.

About the Publication

Fe/male Switch is an innovative startup platform designed to empower women entrepreneurs through an immersive, game-like experience. Founded in 2020 during the pandemic "without any funding and without any code," this non-profit initiative has evolved into a comprehensive educational tool for aspiring female entrepreneurs.The platform was co-founded by Violetta Shishkina-Bonenkamp, who serves as CEO and one of the lead authors of the Startup News branch.

Mission and Purpose

Fe/male Switch Foundation was created to address the gender gap in the tech and entrepreneurship space. The platform aims to skill-up future female tech leaders and empower them to create resilient and innovative tech startups through what they call "gamepreneurship". By putting players in a virtual startup village where they must survive and thrive, the startup game allows women to test their entrepreneurial abilities without financial risk.

Key Features

The platform offers a unique blend of news, resources,learning, networking, and practical application within a supportive, female-focused environment:

  • Skill Lab: Micro-modules covering essential startup skills
  • Virtual Startup Building: Create or join startups and tackle real-world challenges
  • AI Co-founder (PlayPal): Guides users through the startup process
  • SANDBOX: A testing environment for idea validation before launch
  • Wellness Integration: Virtual activities to balance work and self-care
  • Marketplace: Buy or sell expert sessions and tutorials

Impact and Growth

Since its inception, Fe/male Switch has shown impressive growth:

  • 5,000+ female entrepreneurs in the community
  • 100+ startup tools built
  • 5,000+ pieces of articles and news written
  • 1,000 unique business ideas for women created

Partnerships

Fe/male Switch has formed strategic partnerships to enhance its offerings. In January 2022, it teamed up with global website builder Tilda to provide free access to website building tools and mentorship services for Fe/male Switch participants.

Recognition

Fe/male Switch has received media attention for its innovative approach to closing the gender gap in tech entrepreneurship. The platform has been featured in various publications highlighting its unique "play to learn and earn" model.