CricHQ said today 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.
41 of 106 national governing bodies have partnered with Wellington-based CricHQ to better administer the game in their jurisdictions. Cricket is the world’s second most popular sport, with an estimated global following of over three billion.
Cricket administration 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, United Kingdom, South Africa and Pakistan. It will also expand its operations in India, cricket’s biggest market.