DOVETALE SPORT
Seed Round  ·  2026

From Grassroots to
Greatness.

Single-camera AI bringing decision-grade analytics
to sub-elite rugby and basketball — ANZ first, US next.

DOVETALE SPORT

Strictly Confidential  ·  Investor Pack  ·  Updated May 2026

Section · 01

Seed snapshot.

A$1.0M seed on a A$10.0M cap — to fund 12 months of CV build, paid pilots, and a quantum-hybrid beta.

Raise
AUD $1.0M
Pre-money cap
AUD $10.0M
Equity at cap
9.09%
Instrument
SAFE · 20% discount · MFN
ANZ SAM
~2,500teams
Wedge
Rugby + basketball
sub-elite

Pro-rata for cheques ≥ NZD $220K  ·  Minimum cheque AUD $20K

Our vision

To change the way sport is
understood and followed.

Real-time performance intelligence — today exclusive to elite programs running $50–150K hardware rigs — becomes accessible at scale across community and pathway sport, powered by a single phone on a tripod.

Vision 2030 · ANZ-led, globally relevant
$50–150K
Elite rig today
1 phone
Dovetale tomorrow
99%
Of teams reachable
The problem

Sub-elite sport is flying blind.

01
Coaches are blind in-game

Manual tagging delivers insights days late, when it's too late to act.

02
Budget mismatch

GPS/wearable systems run $50–150K p.a.; community clubs operate on <$50K total budgets.

03
First-party data gap

Clubs capture little data, fan attention is under-monetised, sponsor ROI is opaque post-COVID.

04
Talent leaks

Pathway athletes lack objective performance mirrors and parents lack visibility — engagement and retention suffer.

05
Same gap globally

US high schools ~7.9M athletes · ~19.5K schools and NCAA programs face identical economics.

The solution

Single-camera AI
+ a player/parent
flywheel.

Dovetale converts one consumer-grade video source — phone, tripod, or broadcast feed — into live contextual analysis for coaches, and an athlete-and-parent app, Wings, that drives engagement and revenue back to clubs.

5 features locked · MVP Month 9
MVP feature set (locked, 5)
heatmaps · territory/strike zones · fatigue factor · auto-tagged clips · 60-sec player reels
Wings (B2B2C)
Personalised stats, highlights, leaderboards & gamification — revenue-shared with clubs
Auto-calibration
Single-camera pitch homography — no manual operator setup at the venue
Two-sided flywheel
Coach insights drive retention  ·  player/parent demand drives club pull-through
Technology & moat

A defensible, privacy-first stack.

CV Pipeline
Single-camera CV: player + ball tracking, auto-calibration, sub-second insights at the venue via Edge AI plus AWS for review and archive.
Hybrid Solver
Quantum-inspired hybrid solver (D-Wave Leap Hybrid / simulated annealing) for pre-match tactical optimisation — beta target Month 12.
R&D Track
Gate-model quantum is a Y3+ R&D track, pursued via advisory with USQ and CSIRO — positioned as optional upside, not near-term claim.
Privacy Posture
AU/NZ privacy by design: data minimisation for minors, opt-in/parental consent flows, DPIA discipline.
IP Roadmap
Provisional patents on calibration + tracking pipeline · trademarks on Dovetale and Wings · founder IP assignment deeds — all gated as Series A conditions.
Traction

Early signals of product-market fit.

Pilot · 2025
Premier ANZ rugby club pilot

Name available under NDA — validated CV accuracy and coach adoption on match footage.

Coach Advisory
ANZ-wide coach group

Confirming problem-solution fit; product journeys and security baseline scoped.

Product
MVP feature set locked

Tech demos validated against real match footage. 5 locked features · MVP Month 9.

Pipeline
LOIs / MOUs in progress

Rugby clubs and a basketball trial in progress — names disclosed at signing.

Independent founder advocacy from coaches and analysts; pilot pipeline queued for FY27 H1.
Market sizing

ANZ first, US next.

Bottom-up = teams × attach rate × ARPA. Conservative attach assumptions, validated against management funnel benchmarks.

ANZ SAM
~2,500
sub-elite teams
ARPA range
$4K–$12K
AUD per team p.a.
ANZ SAM value
~$15–25M
AUD p.a.
24-month SOM
120–180 teams
A$0.8–1.2M ARR
M12 ARR run-rate
≥A$0.5M
in view at Month 12
US adjacency
10× volume
post-ANZ proof
Tailwinds
Edge AI cost curves  ·  Brisbane 2032 funding pools  ·  club digitisation post-COVID.
Business model & unit economics

Software-led pricing, disciplined economics.

Core SaaS · Pricing
Local Club Field$5K p.a.
Pro Team$10K p.a.
Pro Training$2K p.a.
Platform SaaS fee$100/mo
Real-time analytics$10K p.a.
Delivery
Season Review $5K  ·  equipment package $2,400 (one-off, low-margin pass-through).
Wings · B2B2C
$10/mo per paid player  ·  club rev-share on subscription and sponsor activations.
Gross margin
65.77%→ 75%+
blended → at scale
LTV/CAC target
≥4×
payback <6 mo on starter, M12
Path to breakeven
~100 orgs
at blended ARPA
Competitive positioning

A position no incumbent occupies.

Single-camera, sub-elite price point, dual-sided platform.

Player
Single-cam
Sub-elite $
Coach + Player flywheel
Dovetale Sport
Veo Cam 3 €99/mo + €1,150 hw
Hudl Focus US$3,300+ hw + sub
fixed-cam
Pixellot broadcast-focused, capex-heavy
Glory League ANZ basketball, venue-installed
venue
~
Why we win
Software-first economics  ·  real-time at the venue  ·  dual-sided (coach + player/parent)  ·  AU/NZ privacy posture  ·  hybrid-solver optimisation roadmap.
Strategic acquirers
Catapult  ·  Hudl  ·  Sportradar  ·  Stats Perform  ·  Nike digital — not direct competitors at the sub-elite price point.
Team

Execution DNA.

SF
Sam Forbes
MD & Chair
20+ yrs digital/AI/quantum across govt, enterprise & startups; recent Microsoft ANZ acquisition + interconnection country manager; 4× Young Entrepreneur of the Year.
LP
Lance Peatey
GTM & Partnerships
25+ yrs sports media and entertainment; brand, GTM and partnerships at the intersection of digital and broadcast.
PB
Dr Paul Bracewell
Data, Product & Tech
60+ peer-reviewed papers; pioneer of explainable AI in sport; machine vision & decision science; quantum lead.
MM
Matt McDonough
Revenue & Finance
Pricing, FP&A and compliance; builds predictable revenue operations.
KS
Kane Sajdak
Commercial & Scale
Bridges commercial with deep AI and quantum expertise; multi-platform scale.
Advisory
University of Southern Queensland  ·  CSIRO  ·  IP counsel engaged  ·  ANZ coach advisory group.
12-month roadmap & milestones

From hire to Series A trigger.

Mo. 1–3
Set-up & hiring
Core team onboarded (AI/ML, DevOps).
Mo. 4–6
Core CV builds
Wings app development.
Mo. 7–9
Testing & first paid pilots
★ MVP live (Month 9)
Mo. 10–12
3 pilots live in market
★ Hybrid-solver beta (M12)
★ ARR ≥A$0.5M run-rate in view
Month 24
A$0.8–1.2M ARR · 120–180 teams
Series A trigger:
$5M @ $25M pre-money
M9
MVP live · 5 locked features
M10–12
3 paid pilots in market
M12
Hybrid-solver beta + ARR run-rate ≥A$0.5M in view
M24
Series A trigger ($5M @ $25M pre)
Financial plan · Better case (management base)

Bottom-up funnel × cohort model.

Series A of $5M @ $25M pre-money modelled at Month 24 to fund FY29–FY30 working capital trough.

FY-end (AUD) FY27 FY28 FY29 FY30 FY31
Revenue $156K $812K $2.44M $4.80M $7.84M
EBITDA -$89K -$216K $169K $1.38M $3.22M
Cash $425K -$551K -$1.42M -$1.27M +$112K
ARR $184K $1.12M $3.03M $5.67M $8.96M
Active orgs 15 58 129 208 288
R&D Tax Incentive
~A$1.96M cumulative cash benefit (43.5% refundable, 5 yrs) — not yet booked above; material runway extension.
ESIC eligibility
Likely qualifies — 20% investor tax offset on $1M (≈A$200K) plus 10-yr CGT exemption.
Burn
~A$45K/mo expensed + ~A$35K/mo capitalised build = ~A$80K/mo total cash deployment.
Scenarios
Good (downside) and Best (upside) scenarios available in the DD pack.
Cap table snapshot

Founder-led through Series A.

Holder Pre-seed Post-seed (at cap) Post-Series A
Founders (5) ~90% ~81% ~63%
ESOP (unallocated) ~10% ~10% ~12%
Seed SAFE holders ~9.09% ~7%
Series A investors ~18%
ESOP
10% pre-money pool established at seed close; refreshed to ~12% at Series A.
Vesting
Founder vesting 4-year schedule with 1-year cliff; founder IP assignment deeds at close.
Series A
Modelled at $5M on $25M pre-money, Month 24.
IP Cross-claim
Bracewell ↔ USQ cross-claim cleared via formal Tech Transfer letter as Series A condition precedent.
Top risks & mitigations

Disciplined risk register, live mitigations.

Five highest-impact shown; full 17-item register (incl. cyber, AI hallucination on minors, FX, customer concentration, AU AI Mandatory Guardrails, EU AI Act, OSS licensing, MFN-stack cap-table cascade, sponsor brand-safety, talent costs) in DD pack.

Risk · 01
CV model accuracy at grassroots
Single-camera tracking IP, model ensemble, human-in-the-loop QA during pilots, accuracy-drift monitoring.
Risk · 02
Coach adoption / change resistance
GenAI-summarised insights as actionable soundbites; club-friendly pricing; coach advocate referral program; PLG onboarding.
Risk · 03
Privacy & minors' data
Verifiable parental consent (COPPA/AU/NZ aligned); data minimisation; annual DPIA + external pen-test; published privacy policy at launch.
Risk · 04
Single-founder technical dependency (Bracewell)
Senior ML hires in M7 and M28; documented CV pipeline & runbooks; USQ/CSIRO advisory bench.
Risk · 05
Regulatory change (AU AI Mandatory Guardrails, EU AI Act)
Voluntary AI Safety Standard self-assessment underway; EU AI Act classification memo on file; quarterly compliance review with IP/privacy counsel.
+12
more in DD pack
17-item full register
The ask

From grassroots, to greatness — we'd value your seat.

Raising AUD $1.0M on AUD $10.0M pre-money via SAFE — 20% discount, MFN, pro-rata for cheques ≥ NZD $220K, minimum cheque AUD $20K. 12-month runway to MVP, paid pilots and hybrid-solver beta.

$1.0M
Raise
$10.0M
Pre-money cap
9.09%
Equity at cap
Use of funds
46.5%
14%
11%
10%
6.5%
6%
6%
Tech / AI / ML team46.5%
Wings app build & QA14%
AWS / Edge infra11%
GTM (pilots, content, ASO/CRM)10%
Legal / finance / IP6.5%
Operations6%
Quantum R&D + contingency6%
Milestones · 24 months
M9 MVP live (5 locked features)
M10–12 3 paid pilots in market
M12 Hybrid-solver beta + ARR ≥A$0.5M run-rate in view
M24 A$0.8–1.2M ARR · Series A trigger ($5M @ $25M pre)
Contact
Sam Forbes MD & Chair (AU)
sam.forbes@dovetalesport.com  ·  +61 (0)438 157 629
Lance Peatey GTM & Partnerships (AU)
lance.peatey@dovetalesport.com  ·  +61 (0)413 450 525
Dr Paul Bracewell Data, Product & Tech (NZ)
paul.bracewell@dovetalesport.com  ·  +64 (0)21 164 0366
DOVETALE SPORT
Dovetale Sport Pty Ltd · ACN 690 894 538 · dovetalesport.com · Strictly Confidential