If I had $10,000 available for ASX growth shares today, I would be comfortable splitting it between the two businesses in this article whose share prices have fallen sharply.
Both still have plenty to prove, but I think the long-term opportunities remain substantial.
Here is where I would put the money.
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Catapult Sports Ltd (ASX: CAT)
I would invest $5,000 into Catapult Sports.
Its shares may be down heavily from their highs, but I think the underlying opportunity in professional sport remains intact.
Professional sport is global, highly competitive, and increasingly willing to spend on anything that can improve preparation or decision-making.
Catapult develops technology used by elite sporting organisations to understand what is happening on the field, in training, and across an athlete's wider performance.
What interests me is how deeply this technology can become embedded in a team's decision-making. A club can use Catapult to measure physical workloads, review video, assess tactical patterns, and manage preparation. Over time, more of those functions can sit within the same technology ecosystem.
That gives Catapult room to grow by winning new customers and becoming more valuable to existing ones over the next decade and beyond.
SiteMinder Ltd (ASX: SDR)
My other $5,000 would go into SiteMinder, whose shares have also fallen heavily from their 52-week high.
This ASX growth share builds technology that sits behind hotel bookings.
Hotels need to make rooms available across multiple channels, manage pricing, encourage direct bookings, and keep inventory updated as reservations arrive. SiteMinder brings much of that together.
I think the long-term opportunity comes from the sheer number of accommodation providers that still have room to modernise how they sell rooms.
Running a hotel is already complicated enough without staff manually adjusting availability and pricing across numerous booking platforms. Better software can remove some of that work while helping operators reach more travellers.
SiteMinder is also developing more automated tools, including artificial intelligence capabilities that could help hotels respond to demand and manage distribution with less manual input.
If more accommodation providers decide their technology needs an upgrade, I think SiteMinder can become an increasingly important part of how hotels operate online.
Foolish takeaway
I would be comfortable putting $5,000 behind each of these ASX growth shares.
The recent falls do not remove the risks, and both companies still need to execute well. But I think Catapult Sports and SiteMinder are addressing markets that should keep becoming more technology-driven.
At today's lower share prices, I would be willing to back that opportunity with a long-term view.
