Sports Technology

CricHQ has announced that it has secured up to US$10 million funding from Singapore -based private equity firm Tembusu Partners to enhance its cricket digital platform and grow global operations.

With cricket the world's second most popular sport, with an estimated global following of over three billion, 41 of cricket’s 106 national governing bodies have partnered with Wellington -based CricHQ to better administer the game in their jurisdictions.

With cricket administration having previously consisted of paper-based, time-intensive methods of data collection, CricHQ aims to accomplish its mission of ‘Making Cricket Better’ by benefiting cricket stakeholders through its digital platform.

With Tembusu's investment, CricHQ will upgrade its platform to better serve clients and stakeholders, release exciting features for fans, expand geographically and attract talent.

CricHQ will grow its global operations through senior appointments in India, the United Kingdom, South Africa and Pakistan . It will also expand its operations in India, cricket's biggest market.

CricHQ's platform includes a cricket administration module that integrates with its real-time scoring app. CricHQ also offers performance insights for coaches and players, while also providing fans the latest essential cricket information.

CricHQ founder and Chief Executive Simon Baker stated “Tembusu's investment enables CricHQ to expand significantly and achieve our growth targets.

“An institutional investment of this significance, and the support of shareholders and clients such as New Zealand Cricket, validates our business strategy. CricHQ will benefit from Tembusu's experience and network in Asia, and is based in Singapore – the ideal gateway to our key markets."

Andy Lim, Chairman of Tembusu Partners, added "Tembusu believes that CricHQ's business model is highly scalable and it has a huge opportunity to become the world's leading online repository of cricket information.

“We are proud to partner CricHQ in its exciting growth journey."

Imran Khwaja, President of Singapore Cricket Association, who sits on the Asian Cricket Council and International Cricket Council Executive Boards concluded “CricHQ has identified a critical need within the world's second-largest sport, and has cleverly bridged the divide between technology and sports with its innovative platform.

“With this funding, I believe CricHQ will significantly influence how cricket is conducted and experienced today."

For more information go to www.crichq.com/about and www.tembusupartners.com

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