Galway based sports performance and bio-analytics company Orreco raised €3 million in a recent investment round, and plans to create 30 jobs as it expands.
The new jobs will be created at Orreco’s offices in Galway, the UK, and United States, specifically its performance centre in Los Angeles.
“This investment will help is accelerate our growth and further develop our position in the EPL and NBA working with leading teams, athletes and their agents,” said Orreco CEO Dr. Brian Moore.
“We have ambitious growth and recruitment plans for talented teammates to join us. Our strategic investments over the past 10 years in applied data science and machine learning and our dedicated focus on women’s sport in particular, is now compounding in value. We look forward to exciting times ahead.”
Orreco provides sports science and data solutions for professional sports teams and athletes, using biomarkers, wearable technology and performance analytics to help cut down on player recovery time, optimize performance and help further reduce the number of training and games lost to illness/injury.
The company was founded in Galway in 2010 by sport scientist and now CEO Dr. Brian Moore and haematologist Dr. Andrew Hodgson.
The Orreco team currently includes 16 PhDs who have worked with 35 Olympic medallists since the 2000 Olympic Games in Sydney and published more than 300 peer-reviewed scientific papers.
Their clients include the Dallas Mavericks, Atlanta Hawks, USA Swimming, NBA Champion and All-Star Pascal Siakam, English WSL club Chelsea FC Women and the Wasserman Sports Agency.
Orreco says that the new investment will enable them to expand their product, engineering, data science and commercial teams, in addition to accelerating the development of its elite performance solutions, @thlete and FitrWoman.
This investment round was led by Silicon Valley-based venture firm True Ventures, previously one of the first investors in consumer electronics and fitness company Fitbit.
“Brian and his team have created best-in-class bio-analytics for athletes and have the customer roster to show for it,” said Phil Black, co-founder of True Ventures.
“It’s our pleasure to continue to support Orreco’s growth as the team expands its offerings nationally and globally. It’s such a compelling use of data science.”