Early Life
Carsten Koerl's early life and education laid the foundation for his future success. He developed a love for sports during his youth and was an avid fan of German soccer club Bayern Munich. Koerl earned a Master's degree in Electronic and Microprocessor Engineering from the University for Applied Sciences in Konstanz, Germany.
Rise to Success
Koerl's career began in the software and gaming industry, where he founded betandwin (later Bwin) in 1997. This marked his first entry into the sports data space. The company went public on the Vienna Stock Exchange. In 2001, Koerl founded Sportradar. Sportradar was initially established as Market Monitor AS in Trondheim, Norway. Koerl became a major investor, acquiring a 51% stake.
Key Business Strategies
Koerl's leadership has been pivotal in Sportradar's expansion and success. The company provides sports data services to various entities within the sports and betting industries, including national and international sports federations, media outlets, and bookmakers. Sportradar has grown to have over 3,900 employees. Sportradar went public on the Nasdaq in September 2021, with an $8 billion valuation. The company's revenue for 2024 was $1.197 billion. Key business strategies include providing data feeds, betting services, marketing solutions, and integrity services to diverse clients.
Philanthropy
While specific public information on Koerl's philanthropy is limited, his focus has been on building and leading Sportradar, which contributes to the sports industry through data, technology, and integrity services.