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Jay-Z Adds Connected Fitness Tech Startup CLMBR to His Investment Portfolio

Jay-Z is the second entrepreneur in the Carter household to tap into the fitness world. Following Beyoncé’s partnership with Peloton , the co-founder of Marcy Venture Partners has joined the investment team for CLMBR, a leader in connected fitness technology. As PRNewswire reports, Jay-Z will support the 2021 launch of CLMBR Connected and CLMBR Pure vertical climbing machines. Tennis player Novak Djokovic is also an investor in the company. “We are excited to work with JAY-Z and Novak to bring the best modality in fitness to consumers,” said Avrum Elmakis , founder and CEO.   View this post on Instagram   A post shared by CLMBR (@clmbr_official) The fitness machine is the first vertical climber to feature a large-format touch display with on-demand, instructor-led classes, the press release reads. Additionally, it features an integrated audio system that enhances the user experience and operates via a state-of-the-art companion app with workouts and health stats. “Unlike bikes,...

Niki McGloster

Nov 20, 2020

Indiana Pacers' Victor Oladipo Turned a Major Injury Into An Opportunity to Invest in His Future

The world of sports has had a huge question mark over it for the last few months as coronavirus has put all things at a standstill. After the NBA announced they’d be suspending the 2019-2020 season until further notice, players were left with big decisions to make. In light of this, we witnessed many members of the league pivot toward other endeavors to occupy their time. While some turned to philanthropic efforts in their communities, others drew their focus to business ventures — including Indiana Pacers star Victor Oladipo alongside his business partner and marketing manager, James “Jay Belly” Henderson. Photo Credit: James Henderson and Victor Oladipo Under Henderson’s guidance, Oladipo has amassed an impressive and diverse investment portfolio owning several real estate holdings and significant stakes in a wide range of companies including Airbnb, Cholula Hot Sauce, Adventure Chrysler Dodge and Jeep car dealership, Overtime Sports, Genies Technology, and many more. Though his...

Njera Perkins

Jul 27, 2020