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The Weekly Drop 03.30.2023

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The Weekly Drop 03.30.2023

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

Brian Zwerner
Mar 30, 2023
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The Weekly Drop 03.30.2023

weeklydrop.substack.com

Two big new sports tech funds were announced.  Capital raising continues to march on for gaming, fitness, and sports in a difficult environment.  NFL and NBA stars continue to invest in startups and sports teams.


Top Stories

Hawks $50MM Diversity-Focused Fund

💸 The Atlanta Hawks announced a $50MM venture fund.  The team will focus on diverse founders building in sports tech.  The fund will invest in early-stage companies that can be partners for the team.

Beyond The Game Portfolio Companies In The News

👏🏼 Performance health leader Fount raises a $12MM Series A.  Oura Ring launches new sleep optimization product.  Learn more about Fan Controlled Sports on a Harvard Biz Review case study and this podcast.  Audio Up partners with Invisible Universe on music.  Eight Sleep on the Future of Fitness pod.


Tech news, capital raises, and more

⚽ Monarch Collective launches $100MM fund for women’s sports details

💃 G42 buys $100MM stake in TikTok parent ByteDance read

🎮 CCP Games inks $40MM for blockchain offering here

🏀 Huupe adds $11MM for connected basketball training details

🦘 SlamBall raises $11MM to relaunch league more

📺 Rebel Girls closes $7MM for content program details

🕹️ Genpop gets $6.5MM for music and gaming here

🤝🏼 ZIYNX partners with Front Office Sports for student athlete content more


Athletes in the News

⛳ TMRW Sports golf startup league adds Shaq, KD, and D Wade more

⚽ Tom Brady invests in NWSL Vegas Aces and Matthew Stafford joins Angel City

👡 Derek Carr, Dawn Staley and more invest in OOFOS here

🎾 Dude Perfect buys a pickleball franchise read

🏀 Orlando Magic partner with Lead Lake Nona accelerator details

🏋️ Learn about Steve Nash’s fitness startup Block here

🔦 Spotlight on Atlanta’s Shot Makers League read


Portfolio Company Job Postings

Oura Ring (Health): Ops, Product, and Dev roles here

Eight Sleep (Fitness): Engineer, Growth, Product roles here

Artie (Gaming): Design and Engineer roles here

GreenPark Sports (Gaming): Marketing roles here

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