Indianapolis-based Upper Hand announced Tuesday it has closed on an oversubscribed round of funding. The tech company said it will use the funding to accelerate the development and expansion of its software and payments platform, though it declined to disclose a specific dollar amount.
Upper Hand has developed a sports training scheduling and data analytics platform for sports facilities and fitness studios it says will help clients streamline operations.
The funding round was led by Lometa Capital Partners and Park Ten Capital, both based in Texas.
“We are delighted to have the support of such accomplished investors as we disrupt the traditional business management space in sports,” Upper Hand Chairman Peter Barbaresi said in written remarks. “This funding will enable us to further develop our technology and bring our solutions to a wider audience.”
Upper Hand has employees in Indiana and Texas, with the majority working in Indianapolis. A spokesperson for the company declined to give a total head count, but told Inside INdiana Business it has a “sizable team” and plans to add staff over the next 12-18 months.
Upper Hand said it currently has more than 500 clients across all 50 states.