NBA star Giannis Antetokounmpo has launched a venture capital firm.

According to Bleacher Report, the Milwaukee Bucks player has introduced Build Your Legacy Ventures (BYL). The venture capital firm, backed by institutional investors and tech veterans, aims to funnel investments into the sports and entertainment sectors. As noted in a press release, the firm will be “driven by the Antetokounmpo family’s dedication to fostering innovation and entrepreneurship.”

“I’m incredibly energized to launch BYL Ventures as a way to give back and support the next generation of visionaries,” Antetokounmpo, founder and general partner of BYL Ventures, said in the release. “This fund is not just about capital; it’s about forging partnerships and opening my network to accelerate the growth trajectory for companies. I want to help other entrepreneurs, especially those who have faced barriers, to grow and succeed. BYL Ventures will be focused on finding people with big dreams and helping them make those dreams a reality.”

The venture firm currently has two companies listed in its portfolio for receiving seed investments, including Candy Funhouse, a consumer goods company in which Antetokounmpo and his family have been stakeholders since 2023.

Also listed is Unrivaled Basketball. According to information shared with AFROTECH™, Unrivaled Basketball is the brainchild of Breanna Stewart and Napheesa Collier. The 3-on-3 professional women’s basketball league features players such as Brittney Griner, Paige Bueckers, and Angel Reese, allowing them to maintain equity in the league. Additionally, it offers contracts reportedly boasting the “highest average salary in women’s professional sports league history.”

This marks the beginning of a new era for Antetokounmpo as he seeks to invest in innovative founders building companies that will have a longstanding impact.

“Our ethos centers on leaving a positive and meaningful mark on every industry we touch. We focus on building businesses that create long-term value and elevate the sectors we invest in,” a statement on BYL Ventures’ reads.