Mobile platform Kobiton raises $5m from BIP Capital

A wearable tech firm has raised more than £4 million to bring its “game-changing” golfing offering to the US market. Mobile platform Kobiton raises $5m from BIP Capital.

Edinburgh-headquartered Shot Scope Technologies, which produces a GPS-based, performance-tracking golf watch, has raised $5m (£4.1m) capital to expand in the US, where it has already established relationships with retailers.

The funding round includes follow-on investment from the Scottish Investment Bank, Old College Capital – the in-house venture capital arm of the University of Edinburgh – and angel fund Equity Gap.

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