Drive By DraftKings VC Fund Raises $60M From Jerry Jones, Others
Sports tech and entertainment venture capital fund Drive By DraftKings has closed its initial funding round with $60 million from a who’s who of sports figures…
venture capital
LeBron’s SpringHill Gets Investment From Nike, Epic, Fenway and RedBird
SpringHill, the entertainment venture formed by LeBron James and Maverick Carter, has taken investment from a consortium valuing the business at $725 million. Gerry…
Owners Arthur Blank, Robert Nutting Back New Sports Betting VC Fund
SeventySix Capital has formed a second venture capital fund focusing primarily on sports betting. Atlanta Falcons owner Arthur Blank, Pittsburgh Pirates owner Robert…
Cornhole League Shooting for Olympics as John Thompson III Leads VC Round
The ubiquitous game at college tailgates and craft brewery yards is thinking big. The American Cornhole League has taken its first outside investments, as basketball…
Aktivate Raises $7 Million in Seed Round for School Sports Platform
Aktivate announced the closing of a $7 million seed financing round, led by Will Ventures, that will help the development of the startup’s administration platform for…
Steve Cohen Leads Investment Into Recur as Pac-12 NFTs Announced
Sports NFT startup Recur has raised $50 million in Series A venture capital funding, led by Digital, an investment fund backed by Mets owner Steve Cohen. Cohen, a hedge…
Silver Lake, Endeavor Invest in Tempus Ex as Larry Fitzgerald Joins Board
Tempus Ex Machina, a technology start-up that uses machine learning to deliver game data for leagues, broadcasters, fantasy gamers and bettors, has closed on a Series B…
Atlanta Falcons Parent Firm Launches Early-Stage Venture Fund
Atlanta Falcons parent organization AMB Sports and Entertainment is launching an early-stage investment fund in hopes of strengthening its existing properties…
Kevin Durant Investing Hot Streak Continues With Robinhood, Mercury
Kevin Durant tallied a 2,500% return on his Robinhood stock today. Remarkably, it’s his second 10-bagger this month. The NBA star bought into Robinhood during the online…
Record Venture Funding Spawns New Sports Sponsorship Investment
Ernst & Young recently determined venture-backed U.S. companies raised $64 billion in Q1 2021. The record-setting quarter comes on the heels of a record year in 2020…
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Fractional Cards Broker Collectable Snags Amplo, Bain VC Funds
Fractional sports memorabilia platform Collectable has collected $5.5 million in Series A funding, led by Amplo and its founder Sheel Tyle, an early backer of Robinhood…
Collectibles Vault Draws Backers From Durant to BlackRock’s Wagner
Alt, a new platform to buy, sell, track and store sports collectibles, launches today with venture capital from a series of sports and technology backers, including NBA…
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