Sports Business Journal’s Post

Private equity and venture capital firms are taking the lead in investing in the global sports services arena in 2023, owing to the sector's diverse revenue streams and expanding audiences. #PrivateEquity #InvestingNews #CapitalIQPro #DiscoverCapIQPro #MarketIntelligence

Technology is changing how leagues/teams operate and how fans consume sports. And the money is following great ideas. In 2023, the sports tech sector saw $37B in deals and $7B in new money raised for investment funds. 2024 will probably be another strong year of funding as well. But raising capital as a founder isn't for the faint of heart. It takes: - Persistence - Persuasion - Product - Patience - Passion (Plus a great pitch deck) Check out these 17 sports startups and the pitch decks they used to raise millions from investors. #sportstech #sportsbusiness #investing

#CA-based ALT Sports Data secures $2.5million in seed #funding. This round was co-led by Eberg Capital and Relay Ventures, with additional participation from Trinity West Ventures, NuFund Venture Group and several notable sports and technology industry veterans. ALT Sports Data is at the forefront of #utilizing proprietary data to activate a growing wave of new sports #enthusiasts. Their mission revolves around building the most extensive database and league portfolio in #alternative sports, offering a gateway for sports book #operators to tap into an audience of over 83 million potential bettors in the United States alone, with a global reach exceeding 1 billion. This funding round comes as ALT Sports Data has secured 17 official league rights deals and 35 commercial #agreements. With early revenue being generated across three fronts: data, demand generation, and league services; and the #infrastructure built and now proven, in 2024, these funds will be utilized to efficiently scale the #business. ALT Sports Data is the leading source of official and #unofficial alternative sports trading data unlocking millions of #participatory fans and potential bettors for #sportsbook operators, media platforms and event producers. ALT Sports Data, Inc. Eberg Capital Relay Ventures Trinity West Ventures, LLC NuFund Venture Group Simon Sokol Joe Dunnigan To share your startup story write us on - [email protected] #altsportsdata #funding #startup

May 16th, NYC🥇Exciting News from Columbia Venture Community! The sports world is buzzing with one of the hottest topics: NIL (Name, Image, Likeness). This $1B+ market is transforming, and we're thrilled to host the CEO of OpenDorse, the leading NIL platform and one of TIME's most influential companies, Blake Lawrence "NIL and the open transfer portal have reshaped college sports. I'm eager to reveal what's happening behind the scenes." Don't miss Blake and our stellar panelists Marques Ogden, Greg Kronenfeld, Jay Dixon, and Chloé Katz, MBA as they dive into:  ✅Game-changing investing strategies in the sports industry  ✅Identifying winning business ideas in sports  ✅Investing in athlete-led ventures  ✅How sports lessons translate into building and managing successful businesses  ✅The post-retirement identity struggle for athletes  ✅Real stories of elite training and life on the field Gain the competitive edge from the best in the game – this is an opportunity you don't want to miss! 💪 https://lnkd.in/gz75UrzS  #ColumbiaUniversity #CBS #NFL #IOC #Venture #Investors #ColumbiaVentureCommumity #Entrepreneurship #sports #NIL #privateequity #networking #community #events #technology

What does a $1 billion-dollar company look like in sports? I dove deep to uncover the common trends: 1️⃣ 𝐑𝐚𝐢𝐬𝐞 𝐚 𝐥𝐨𝐭 𝐨𝐟 𝐯𝐞𝐧𝐭𝐮𝐫𝐞 𝐜𝐚𝐩𝐢𝐭𝐚𝐥 Fanatics: $4.9B, Sorare: $737M, Zwift: $620M, FanDuel: $416M, etc 2️⃣ 𝐒𝐭𝐚𝐫𝐭 𝐭𝐨 𝐚𝐜𝐪𝐮𝐢𝐫𝐞 𝐜𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 Fanatics (9), Mindbody (9), DraftKings (8), Hudl (5), etc ─────────── 𝐀 𝐭𝐲𝐩𝐢𝐜𝐚𝐥 𝐩𝐚𝐭𝐡: ❶ The biggest and most successful sports companies started small. ❷ They then aggressively raised money to scale into more niches. ❸ Started making acquisitions and/or partially cashed out by taking PE money. ❹ A handful have then had the honor of the IPO process. This process is UNIQUE for B2B vs. B2C companies... Which I broke down in today's article: 👇 https://lnkd.in/eSb-r2-p 𝘍𝘪𝘯𝘢𝘭 𝘕𝘰𝘵𝘦: 𝘞𝘪𝘵𝘩 𝘴𝘰 𝘮𝘶𝘤𝘩 𝘤𝘢𝘱𝘪𝘵𝘢𝘭 𝘦𝘯𝘵𝘦𝘳𝘪𝘯𝘨 𝘴𝘱𝘰𝘳𝘵𝘴 𝘢𝘵 𝘵𝘩𝘦 𝘭𝘢𝘵𝘦𝘳 𝘴𝘵𝘢𝘨𝘦𝘴 ($6𝘉 𝘴𝘰 𝘧𝘢𝘳 𝘪𝘯 2023) 𝘸𝘦’𝘭𝘭 𝘤𝘰𝘯𝘵𝘪𝘯𝘶𝘦 𝘵𝘰 𝘴𝘦𝘦 𝘮𝘰𝘳𝘦 𝘶𝘯𝘪𝘤𝘰𝘳𝘯𝘴.

Exciting news! Robinhood secures a partnership agreement with the prestigious KLUTCH Sports, headed by the formidable Rich Paul. Robinhood, a leading US neobroker, has recently inked a significant partnership with KLUTCH Sports Group. This collaboration designates KLUTCH Sports and its Property Sales division as Robinhood's agency of record, focusing on partnerships within sports and entertainment sectors. Additionally, KLUTCH Sports' Founder and CEO, Rich Paul, has been appointed as a tactical brand advisor for Robinhood. Paul's role involves guiding Robinhood's marketing endeavors in sports, entertainment, and media while working collaboratively with Vlad Tenev, Robinhood's CEO and Co-Founder, to unearth fresh, innovative partnership prospects at the nexus of sports and business entrepreneurship. Robinhood's new venture with the KLUTCH Sports team aims at unlocking various opportunities with personalities from sports, entertainment and business entrepreneurship, further enhancing Robinhood's reach beyond conventional finance and technology spheres. #Partnership #Innovation #SportsAndBusiness

"15 sports startups raised millions through their pitch decks, showcasing the booming opportunities in the sports industry. From tech innovation to sports betting, the market is ripe for disruption. Check out the key takeaways and insights from their successful funding rounds. #SportsStartups #PitchDecks #FundingSuccess"

From NFL wide receiver to sports tech investor, Marques Colston's new play 🏈🚀 Marques Colston, former NFL wide receiver, is getting into the sports tech investment game. After a successful football career, Colston has been coaching, consulting, educating and teaching. Now, together with partner Nick Edwards, he's stepping up to the investment game by launching Champion Venture Partners, a sports cash flow investment and management firm. Their business model differs from other funds in that they invest in growth-stage companies and provide operational support without taking a management fee on assets under management. Investors benefit from the growth of each company and receive dividends generated from operations. Colston advises founders to choose investors who share their long-term vision and athletes to get involved in venture capital to diversify their portfolios. He highlights the difficulties of transitioning to a post-sport career and discusses the tools he uses, such as ClickUp, to increase productivity. #SportsBusiness #SportTech #NFL #VC

The first ever digital media network that is specifically for youth sports, Youth Inc., has raised $4.5m in a seed round. The Seed fundraising was led by Sports and entertainment venture fund Will Ventures. Co-investments were made by Ryan Sports Ventures, Hello Sunshine co-founder Jim Toth, Isos Capital Management, NFL quarterbacks Josh Allen and CJ Stroud, and The Ohio State University football coach Ryan Day. The network is co-founded by former National Football League (NFL) tight end Greg Olsen, ex-director at Fanatics, Ryan Baise and Tim Murphy, former The New York Times and Audacy, Inc. executive. The content will be aiming to help out the parents, coaches, young athletes by allowing them to understand potential opportunities and the issues that are presented by youth sports. There are also plans for the launch a direct-to-consumer marketplace, this will offer a variety of brands to youth sports fans, coaches and athletes. With an extra service that will offer help for larger youth sports clubs to run their merchandise function. Baise said: “A premium, on-demand merchandise experience is missing from the youth sports market.” “By leveraging new technology and a differentiated supply chain, we aim to uplevel how youth sports products are sourced, furnished and delivered.” #youthsports #opportunities #media #merchandise #YouthInc #network #multimedia #digitalmedia #funding #investment