Serena Ventures participated in a series B investment round for the 3-on-3 basketball league Unrivaled. The round was led by Bessemer Venture Partners, and other investors included Warner Bros. Discovery and Alex Morgan’s Trybe Ventures. This latest investment brings the value of Unrivaled to $340 million, which is a historic figure for a young league. The basketball league is transforming women’s sports by offering female players six-figure salaries, according to Front Office Sports. Athletes earned $220,000 last season, compared to the average of $66,000 to $150,000 in the WNBA. About Unrivaled Unrivaled launched
IFC, a member of the World Bank Group, and Proparco, a member of the World Bank Group, announced an equity investment of up to $50 million in Helios Sports and Entertainment (“HSEG”), an investment vehicle dedicated to sport, media and entertainment across Africa. HSEG aims to foster a more dynamic sport and entertainment ecosystem in Africa by collaborating with its four partners: NBA Africa, The Malachite Group (Afro Nation), PFL Africa, and Zaria Group. IFC and Proparco invest in African sport The IFC commited $30 million of the equity investment,
Sports tech company, Ballin AI, just announced the close of a $500,000 angel round. The startup, founded by Division I athlete Nyla Pollard, analyzes players’ gameplay to help them improve their performance and increase their recruitment chances. After players upload their film, the footage is examined by a nationally recognized evaluator, who then scores it across various criteria, including defense, shooting, rebounding, scoring, transition, ball handling, and finishing. How does Ballin AI work? “We created Ballin because every athlete deserves the opportunity to have the information they need to develop
Fantasy sports and gaming platform, Fantasy Life, has secured $7 million in a new round, which included investors like LeBron James, Maverick Carter, Gerry Cardinale, John Legend, and Fortnite co-creator and former Epic Games C-suiter Donald Mustard, as reported by Variety. The investment will help expand Fantasy Life’s platform to a more customizable app and mobile experiences for players. It will also help the platform complete its acquisition of a rival company, Guillotine Leagues. The venture was created in 2024 by veteran fantasy sports entrepreneur Paul Charchian through his Heavy Blade
Ankor AI, a startup founded by Kyle Rowley, has just raised $1.3 million in a pre-seed funding round led by Upfin, according to Tech Funding News. Juni, Pleo, Moss, and Klarna also participated in the funding round. Former basketball player Rowley founded the Swedish fintech company after spending four years working with different finance teams. During this time, he observed the challenges of accessing financial data, particularly for e-commerce brands seeking credit or a precise cash flow. “I met smart operators who knew exactly what needed to be done, but
Steph Curry’s Thirty Ink generated $173.5 million in revenue in 2024, according to CBNC. Thirty Ink is a brand conglomerate that houses all of Curry’s business entities, including Unanimous Media, Gentleman’s Cut bourbon, and Underrated Golf and Basketball. A high percentage of that revenue came from its partnership with Under Armour, where the basketball player launched the Curry Brand, a basketball and golf footwear and apparel brand company. He is also the president of that brand. In 2023, Curry was given $8.8 million Under Armour common shares, valued at $75 million
Rich Paul, Klutch Sports Group founder and longtime agent to LeBron James, has invested in Homecoming, a new media company founded by Paul Rivera, a former executive at Nike and Beats by Dre. Homecoming Nework will center its efforts on video podcasts, aiming to become a hub for conversations at the intersection of sports, business, and culture. Its other investors include The Matthew Pritzker Company, Forbes Family Sports and Entertainment LLC, and Heights LLC executives, who have all declined to share financial terms, according to Bloomberg. Merging Sports, Culture, and
A new tech startup co-founded by basketball stars aims to ease the burden of funeral planning. Eazewell, an AI-powered platform created by NBA MVP Russell Westbrook, NBA All-Star Kemba Walker, and NCAA champion Donnell Beverly Jr., offers a more compassionate and streamlined alternative to the traditionally complex and costly funeral planning process. A Response to Personal Loss The idea for Eazewell began years ago, after Beverly Jr. and Westbrook suddenly lost their high school teammate and close friend, Khelcey Barrs III. The experience revealed how few resources exist for families
Magic Johnson and Angel Reese have launched Wealth Playbook, a new financial literacy program for high school seniors in Baltimore. The program aims to teach students how to manage money and build long-term wealth. The initiative is a partnership between the Angel Reese Foundation, the Magic Johnson Foundation, and Pull Up Neighbor, a marketing and advertising firm focused on community outreach. Bringing Financial Education to Baltimore Classrooms The four-session program began last week at Saint Frances Academy, Reese’s former high school, in collaboration with wealth management giant Merrill Lynch. In
Billionaire businessman and philanthropist Ulysses Lee “Junior” Bridgeman has died at the age of 71. After a well-respected 12-year career in the NBA, Bridgeman built a successful fast-food empire of over 450 restaurants and later acquired EBONY and Jet Magazine. Bridgeman’s death On March 11, Bridgeman suffered a medical emergency at a fundraising luncheon in Louisville, Kentucky. He later died. Bridgeman’s daughter Eden Bridgeman, EBONY CEO said “It is with profound sadness that I share the news of my father’s passing. During this time, my family and I respectfully request privacy as we grieve
