Catapult Sports (ASX: CAT) Raises $13.3M in Institutional Funding, Eyes $20M More in Growth Push

Key Highlights:

• Catapult completes $13.3 million Share Purchase Plan (SPP) at $6.39 per share.
   
• Total equity raised across placement and SPP reaches $143.3 million.
   
• Funds to strengthen balance sheet and fuel future strategic acquisitions.
   
• Stock down 2.36% at $5.995, but remains up 122% year-to-date.
   
• CEO Will Lopes thanks shareholders for strong institutional and retail support.
  
   

Catapult Sports Ltd (ASX: CAT), the Australian sports analytics leader powering performance insights for elite athletes and teams, has successfully completed its Share Purchase Plan (SPP), raising $13.3 million from shareholders as part of a wider $143.3 million equity raise.

The new funds, priced at $6.39 per share, will bolster Catapult’s balance sheet and provide capacity to pursue strategic mergers and acquisitions, following its recent purchase of IMPECT GmbH, a European sports data analytics company.

The SPP follows a $130 million institutional placement completed in October, which saw robust participation from both domestic and international investors.

Strengthening Growth and Global Expansion

Catapult said the fresh capital would support its ongoing global expansion strategy, particularly across North America, Europe, and Asia, where the company has established a strong presence with major leagues and professional teams.

The Melbourne-based firm, which provides wearable analytics and video performance platforms to elite sports teams, said the funds would also give it flexibility to pursue targeted acquisitions aimed at deepening its technology portfolio and global client base.

CEO and Managing Director Will Lopes thanked investors for their support and reaffirmed Catapult’s long-term commitment to innovation in performance data.

“We’re incredibly grateful for the continued trust from our shareholders,” Lopes said. “This capital raise positions Catapult to accelerate our growth initiatives, invest in emerging technologies, and expand our reach in key international markets.”

Strong Institutional Support Reflects Confidence in Sports Tech

The SPP, which closed on November 5, offered eligible shareholders an opportunity to invest at the same price as institutional investors.

All directors participated, each applying for the maximum $30,000 allocation, reflecting board confidence in the company’s strategic direction.

The SPP issue price of $6.39 per share represented a 2% discount to the five-day volume-weighted average price (VWAP), aligning with best practices in shareholder value preservation.

The success of the offering underscores growing investor appetite for data-driven performance technology — a fast-growing sector valued globally at more than US$6 billion in 2024, with forecasts to reach US$12.6 billion by 2030, according to Statista.

Tech Meets Turf: The Rise of Sports Analytics

Catapult’s technology sits at the intersection of sports science and machine learning, offering insights into athlete performance, workload, and injury prevention.

Its wearable devices track everything from acceleration and heart rate to collision impact and movement patterns, helping teams make real-time tactical and medical decisions.

With more than 4,600 teams in over 100 countries using its products — including the NFL, NBA, Premier League, and national Olympic teams — Catapult has become one of Australia’s most globally influential technology exports.

“Our mission is to unlock human performance through data,” Lopes said. “We’re helping athletes and teams make smarter decisions that directly impact their competitiveness, health, and longevity.”

Market Snapshot: Strong Year-to-Date Gains

Catapult shares traded 2.36% lower at $5.995 on Wednesday, with 666,961 shares changing hands. Despite the daily dip, the stock remains up 122% year-to-date, making it one of the standout performers on the ASX Technology Index.

With a market capitalisation of $1.82 billion, Catapult continues to outperform most of its mid-cap tech peers, driven by consistent revenue growth, strategic acquisitions, and surging demand for real-time performance analytics.

The company’s 52-week range of $2.63 to $7.72 reflects its recovery from pandemic-era lows, supported by a steady rebound in global sports participation and spending on data infrastructure.

Fueling the Next Phase of Growth

Analysts see the capital raise as a strategic move to consolidate Catapult’s leadership position in the sports analytics industry, particularly following its acquisition of IMPECT GmbH, a data intelligence firm specialising in European football.

The acquisition strengthens Catapult’s capabilities in automated data capture, video breakdown, and AI-powered game analysis, enhancing its product suite for professional teams.

Analysts at Morgan Stanley recently noted that “Catapult’s global footprint and diversification across sports and geographies provide a defensible growth platform”, highlighting the company’s ability to monetise both software and hardware offerings.

The new capital will help Catapult maintain that momentum, particularly as professional leagues increasingly adopt wearable AI technology and injury analytics as standard practice.

Australia’s Sports Tech Edge

Catapult’s rise is part of a broader Australian sports technology boom, with companies like VALD Health, GameFace.AI, and Sponserve exporting advanced analytics and digital engagement tools worldwide.

This wave of innovation has made Australia a global hub for performance technology, merging sports science with artificial intelligence, machine learning, and biomechanical research.

“Australia’s sports tech sector shows how local innovation can lead globally,” said an industry observer. “Catapult is not just selling sensors; it’s redefining the relationship between data and athletic performance.”

Investor Takeaways

Successful $13.3M Capital Raise:

Catapult completes first phase of SPP, bringing total equity raised to $143.3M for balance sheet strength and M&A capacity.

Strong Market Confidence:

Despite a 2.36% dip, shares remain up 122% YTD, highlighting investor belief in Catapult’s long-term growth potential.

Global Growth Focus:

Funds to drive expansion across elite sports markets in North America, Europe, and Asia, and accelerate product innovation.