(Bloomberg) -- Hall of Famers Magic Johnson and David Stern are joining a round of investment in a technology company that puts wearable sensors on basketball players to generate statistics in real time.

The two, along with Elysian Park Ventures, Sovereign’s Capital, IrishAngels, ward.ventures, Service Provider Capital and Greycroft Partners, for which Stern serves as an adviser, are investing $5 million in ShotTracker, a three-year-old company based outside of Kansas City, Kansas.

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