ADvantage Sports Tech Fund News
4 articlesVeteran Sports CEO Ahron Cohen Joins the ADvantage Sports Tech Fund
https://www.crowdfundinsider.com/2020/01/156029-ourcrowd-backed-advantage-sports-tech-fund-enlists-michael-redd-former-nba-star-and-olympic-gold-medalist/
growth-positive
Adidas founder's family office seeks partner for sports tech fund
Adidas’ Adi Dassler Family Office (ADFO) is seeking Indian partners to co-invest in its series A sports tech fund, ADvantage. ADFO had initiated leAD Sports as an accelerator program in 2017, which was well-received by Indian start-ups. The company is now looking for a local partner from India to join the ADvantage fund and help develop a vision to bring the leAD ecosystem to India. ADFO is looking at a minimum investment of $5 million to be a part of the $50 million fund. ADvantage has so far invested $10 million in sports tech start-ups.
InvestmentPartners
growth-positive
OurCrowd sets up $50m sports-tech fund
OurCrowd has launched its 13th fund, ADvantage, in partnership with leAD Sports. The $50 million fund will focus exclusively on sports-tech and will invest in 15 early-stage sports tech ventures. The fund will be co-managed by venture capitalists Jeremy Pressman and Christoph Sonnen. Pressman highlights the growth potential of the sports tech sector, with over $5 billion invested in the past five years. Sonnen emphasizes the need for new approaches and innovative partners to define the future of sports tech. The partnership aims to become a global powerhouse for sports entrepreneurship.
Investment