Swedish stimuli-based motor learning startup deWiz has picked up SEK 43 million ($4 million) in a Series B funding round. The investment is dedicated to its deWiz Golf business. The oversubscribed financing round saw participation from the original investors’ group and includes new investors like Patrick Rees, founder of Bygghemma, and global deWiz ambassadors Vijay Singh and Annika Sörenstam.
Growth plans on cards
The investment will be used to showcase deWiz’s wearable swing modifying technology through additional marketing, further global expansion, continued product development, and added staffing to support further growth.
“As deWiz continues to push the boundaries of technology and learning, this latest investment round will fuel our continued global growth of our golf swing modifier, which has gained tremendous traction the past year at all levels of the golf industry, spanning instructors, professional tour players and club golfers. This investment round bolsters our deWiz golf business for the future and next we will focus on raising additional investment for further development of new applications of our patented, stimuli-based technology,” said Jesper Kärrbrink, Chairman of the Board, deWiz AB.
“Matching our Series-A funding round last year, it’s a testament of deWiz’s potential with this fundraising effort countering the global economic and geopolitical headwinds and expanding the scope of our investors group. As we continue to grow, we’re establishing a U.S.-based investment entity and opening up new markets, both for our golf technology globally, as well as new technology solutions for other sports and industries for our patented approaches within wearable tech,” said Christian Bergh, cofounder and CEO, deWiz AB.
“Part of the foundation of deWiz’s latest investment round has been the enthusiasm within the golf industry for deWiz Golf’s innovative swing data as we continue to introduce it to coaches and golfers, from the world’s elite to beginners trying to cure their slice. We’ve added a new layer of easily accessible swing data that helps golfers better understand precisely what they are doing in every swing, eliminating the guesswork and providing them tangible data points to hit the ball longer, straighter, and closer,” said Markus Westeberg, cofounder and Chief Product Officer, deWiz Golf AB.
Revolutionary wearable tech
Developed in Malmö by co-founders Markus Westerberg (PGA Professional, Ljunghusen Golfklubb) and Christian Bergh, deWiz is a pioneering wearable technology that combines high-precision data with exact measurements of golfers’ swing and real-time biometric feedback to increase their pace of learning via neuroscience.
Under development for over five years, the deWiz wearable tracks the exact position of a golfer’s hands throughout the swing, providing a 3D analysis and delivering data via a user-friendly app that helps golfers more consistently hit the ball longer, straighter, and closer, as well as learn faster with deWiz’s patented Learning Stimuli.
The deWiz Coaches Program provides teaching professionals an innovative new approach to coaching by providing students actionable, real-time data that they can apply to their own practice, seamlessly monitoring their progress between lessons. The deWiz Coaches Program benefits include affiliate revshare programs, access to advance data and dedicated onboarding services for certified golf instructors.
deWiz is available in the U.S., Canada, Europe, Australia, Japan, South Africa, and South Korea. deWiz enables people to unlock their potential and achieve their goals through groundbreaking data and technology.