The global sports industry has quietly entered a new era — one where some of its most influential owners and financiers are no longer billionaires or private equity firms, but sovereign wealth funds (SWFs). With trillions of dollars under management and long-term national investment mandates, these state-backed funds are reshaping how teams, leagues, media rights […]
FloSports Raises Series D Funding Led By Dream Sports After Record Year
FloSports, a global sports media company focused on passionate, underserved sports communities has announced the successful closing of its Series D funding round, led by Dream Sports, a leading sports technology company based in India. Dream Sports joins existing investors Causeway Media Partners LP, Warner Bros. Discovery Inc., DCM Ventures, Bertelsmann Digital Media Investments, and […]
Dan Gilbert, John Burbank among investors of Courtside Ventures $100m fund
Courtside Ventures, the leading early-stage VC firm investing in category-defining companies across sports, gaming and lifestyle has announced its $100M Fund III. Fund III investors include a globally diverse group of industry leaders across professional sports team owners, athletes and industry executives. Team owners include Tony Ressler (Co-Founder & Executive Chairman of Ares Management and […]
Real Madrid partners FundingBox to fund European innovation projects for start-ups
Real Madrid Next and FundingBox have struck a collaboration agreement for the funding and development of European innovation projects for start-ups. The link-up has a value of up to €9 million over the next three years. FundingBox will invest up to €4.5 million in the start-ups involved in the programme and will help them to […]
Flipkart raises $1.2bn equity round from Walmart to power e-commerce in India
Flipkart Group closed an additional $1.2 billion equity round to support continued development of its eCommerce marketplace as India emerges from the Covid-19 crisis. The investment is led by Walmart, Flipkart Group’s majority owner, along with a group of existing shareholders and values the company at $24.9 billion post-money. It will be funded in two […]