Golf technology startup Tagmarshal will further its expansion into the US markets.
This comes after the company received an undisclosed second round of funding, lead by Germany investor Christian Vollmann and joined by five EU and SA-based investors.
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“We have a proven product and a growing list of customers that are not only getting results and significant ROI, but are happy to recommend and refer their networks,” says CEO and co-founder of Tagmarshal, Bodo Sieber, in a press release to Ventureburn.
“This speaks volumes for the effort our team has put into working closely with some of the industry’s best courses, focusing on advancing the technology to help achieve their business goals.
“We are obviously delighted to work with a strong group of investors to back us in this growth phase. Personally, I believe this funding round also supports our decision to run operations from Cape Town, which has recently been voted as a stand out destination for foreign direct investment.”
Tagmarshal’s SaaS solution uses GPS tags to transmit player movement data to course management. It was first introduced during the 2015 PGA Golf Merchandise Show in Orlando, Florida.
The startup was initially bootstrapped by its four founders. During the first quarter of 2016, it received its first undisclosed financial round from Angel investors based in Europe.
