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…
venture capital
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…
India’s Daily Fantasy Sports Market is Fertile for VC Investment and Continued Growth
Dream Sports, the parent company of the wildly popular daily fantasy sports app Dream11 (think: 100 million+ users), recently raised $225 million at a $2.5 billion…
DraftKings Sale Rewards Early Believers Like Raine Group With Huge Profits
When venture capital funds began investing in DraftKings shortly after its founding in 2012, it wasn’t clear that founder Jason Robins’ idea was legal, much less…
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Adidas, David Rubenstein Among Backers of $165 Million Gaming, Esports Fund
Bitkraft Ventures, a venture capital firm built specifically for gaming and esports, has closed a new $165 million fund. Backers include Adidas and Declaration Partners…
Esports Beer League Startup Targets Casual Gamers and Youth Rec Centers
Despite the attention paid to the Super Bowl and the FIFA World Cup, it is actually the participatory side of sports that make up a majority of the $500 billion…
Exclusive
Natalie Portman, Alexis Ohanian-Led Group Wins Los Angeles NWSL Expansion Team
Academy Award–winning actress Natalie Portman and a group of predominantly female founders were awarded the rights to bring a National Women’s Soccer League team to Los…
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Architect of Barstool’s $163 Million Betting Deal Has Left To Start His Own Venture Firm
Dave VanEgmond, the man behind Barstool Sports’s $163 million deal with Penn National Gaming, has left Barstool to focus full-time on his new gaming investment…
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