The Drop 07.13.2023

The hottest news from sports, gaming, media, web3, and fitness

Brian Zwerner

Jul 13, 2023

M&A continues in sports,fitness, and media. BTG Network companies make new headlines. Capital is flowing into the video game sector, and big-time athletes keep advancing in tech.

Top Stories

Mergers Continue in Sports and Gaming

🤝🏻 Fanatics steps up to $225MM to buy PointsBet USA. Vice Media sells in bankruptcy for $225MM. Better Collective buys Playmakers HQ. TRX acquires YBell in fitness link up. Greenfly adds Miro AI. Sports Reference snags trivia app Immaculate Grid.

Beyond The Game Portfolio Companies in the News

👏🏼 Mark Zuckerberg uses both Eight Sleep and Oura Ring. Learn about Oura on this podcast, and read about their partnership with Veri. Eight Sleep was named top breakthrough band. Meet the CEO of Future. Versus launches AI prediction games, and SportsIcon launches AI trainer SportGPT. Fan Controlled Sports pivots the business model. Dreamer Labs adds Abstract Daily Digest to the Apple App Store.

Tech news, capital raises, and more

🏋️ EGYM grabs $225MM for connected fitness more

🕹️ Lumikia announces $50MM gaming VC fund in India details

🧙‍♂️ Mythical Games grows with $37MM investment read

👾 $31.3MM funding for role playing gamer Gardens here

🎶 Web3 music platform Sound nets $20MM details

🎟️ Project Admission raises $13MM for ticketing platform more

👾 GGTech adds $12.4MM for gaming and esports here

🍔 SnapCalorie closes $3MM funding details

🏀 Comcast Sports Tech accelerator apply

Athletes in the News

🏈 NFL vet and BTG member Keith Marshall on the Tech Meme podcast listen

📺 Joel Embiid launches media studio with Springhill here

🥊 Jake Paul’s Betr adds $35MM funding details

⌚ Ronaldo invests in watch marketplace Chrono24 read

⛳ Red Sox owner buys into TMRW Sports more

🤸‍♀️ Olivia Dunne sets up female NIL fund here

🏀 Spotlight on the Atlanta Hawks Ventures team read

Portfolio Company Job Postings

Eight Sleep (Fitness): Engineer and Design roles here

GreenPark Sports (Gaming): Design and Marketing roles here