Malmö, Sweden –(Business Wire)–deWiz AB has completed its current Series B financing, providing a new investment of more than SEK 43 million (nearly $4 million) for its deWiz golf business. The oversubscribed investment will support further growth through additional marketing, further global expansion, continued product development and increased staffing, demonstrating deWiz’s wearable swing modification technology. With funding from the golf vertical, deWiz AB can continue to grow in new verticals, including sports such as basketball and tennis, as well as broader applications in gaming and healthcare. The Series B round was backed by a group of original investors, including new investors such as Bygghemma founder Patrick Rees, as well as global deWiz ambassadors Vijay Singh and Annika Sörenstam.
“As deWiz continues to push the boundaries of technology and learning, this latest round of investment will fuel the continued global growth of our golf swing modifier, which has seen tremendous gains at all levels of the golf industry over the past year. traction, including coaches, pro tour players and club golfers. This round of investment will strengthen our future deWiz golf business, and we will next focus on raising additional investments to further develop new innovative technologies based on our patented, exciting technology application,” says Jesper Kärrbrink, Chairman of the Board of Directors of deWiz AB.
“Matched with our Series A funding round last year, this demonstrates deWiz’s potential in fundraising efforts to counter global economic and geopolitical headwinds and expand the reach of our investor base. As we continue to grow, we are building a U.S. Investing in entities and opening up new markets for our golf technology globally and our patented approach in wearable technology to provide new technology solutions to other sports and industries,” deWiz AB co-founder and CEO Christian Bergh.
“Part of the basis for deWiz’s latest investment round is the golf industry’s enthusiasm 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 heal them. We’ve added a A new layer of easily accessible swing data that helps golfers better understand exactly what they’re doing with every swing, eliminating guesswork and giving them tangible data points to hit the ball farther and farther Straight, closer,” said Marcus Westerberg, co-founder and chief product officer, deWiz Golf AB.
DEWIZ GOLF, HOW IT WORKS: Developed over five years, deWiz tracks a golfer’s exact position throughout the swing, providing 3D analysis and providing data through a user-friendly app that helps golfers hit the ball farther, straighter, and more consistently. Closer because and learn faster with deWiz’s patented Learning Stimuli™. To access all of deWiz’s groundbreaking features, instructional webinars, and ambassador-recommended videos, visit deWiz’s YouTube channel.
DEWIZ Coaching Program: The deWiz Coaching Program offers teaching professionals an innovative approach to coaching, providing students with actionable, real-time data that they can apply into their own practice and seamlessly monitor their progress between sessions. Benefits of the deWiz Instructor Program include a membership revshare program, access to premium data and dedicated onboarding services for certified golf instructors. To learn more, visit the deWiz Coaching Program or email coach@dewizgolf.com. Currently, the deWiz coaching program has partnerships with LPGA professionals, the Swedish PGA, the German PGA, and the US Southern California PGA section.
Developed by experts, tested by professionals: The roster of deWiz Global Ambassadors currently includes 10-time Grand Slam champion Annika Sörenstam; Vijay Singh, 3-time Grand Slam champion; 2020 US Open champion Bryson DeChambeau; 2016 Open champion Henrik Stenson ; 2021 U.S. Women’s Open champion Sasaka Yuka; 2019 Houston Open champion Lanto Griffin; 2-time long-drive world champion Tim Burke and former PGA of America Teacher of the Year, Martin Hall.
BUZZZWORTHY Technology: Debuting last summer, the introduction of deWiz created a “buzz” and it was described as Forbes Hoping to bring “shock” to the golf training aid market; featured in Sweden’s leading financial media, Duggans Industries; Featured on the On the Mark Podcast with Mark Immelman; and Featured by the Editors of Global Golf Post, Golf Monthly and Business Insider. also, golf net Describes how Vijay Singh uses deWiz to extend his backswing time, Annika Sörenstam uses deWiz to monitor her tempo, and Yuka Saso uses deWiz to regulate her wedge game.
About DEWIZ AB: As the world leader in stimulus-based motor learning, deWiz empowers people to unlock their potential and achieve their goals through breakthrough data and technology. Developed and produced in Sweden, deWiz Golf AB is focused on its mission to help golfers around the world increase their enjoyment of the game through innovative technologies that increase the speed of learning. Developed in Malmö by co-founders Markus Westerberg (PGA Professional, Ljunghusen Golfklubb) and Christian Bergh, deWiz is available in the US, Canada, Europe, Australia, Japan, South Africa and South Korea (more markets open regularly – visit the latest update website). For more information on deWiz AB, please visit dewiz.com for investor relations and company information. For e-commerce and more information on deWiz’s patented golf swing adjuster, visit dewizgolf.com and learn more about how to consistently hit the ball farther, straighter and closer. Download the free deWiz Golf demo app and explore its groundbreaking swing data via the Apple App Store or Google Play.