NBA, NFL Investments Push Hyperice Valuation to $700 Million
- Rickie Fowler, Naomi Osaka, Chris Paul among new investors
- Revenue set to top $200 million in 2020 was $10 million in ‘17
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Hyperice, a maker of performance recovery products, is valued at $700 million after raising $48 million from the National Basketball Association, the NFL’s investment arm 32 Equity and a group of professional athletes including tennis star Naomi Osaka, golfer Rickie Fowler, the Houston Texans’ J.J. Watt and Houston Rockets’ Russell Westbrook.
“We’re looking forward to working with these athletes and organizations who have had an authentic connection to the company for years,” Chief Executive Officer Jim Huether said in an interview.