Sports
Courtside Ventures Starts $100 Million Fund to Focus on Sports Startups
Fund is targeting countries that have large sports fanbases with a lot of smartphones.
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Venture capital firm Courtside Ventures has raised $100 million from investors for a new fund that’s looking to back sports-related startups.
The investors include Dick’s Sporting Goods Inc. and the ownership groups of professional franchises such as Atletico Madrid, the Golden State Warriors, Philadelphia 76ers, Atlanta Hawks and Cleveland Cavaliers. They’re joined by minority owners across the the NBA, MLB, NHL and English Premier League, along with athlete investors Shaquille O’Neal and Larry Fitzgerald.