Giannis Antetokounmpo is on the money! The NBA star joined as a strategic partner for a Series B investment round totaling $27 million for sports media startup Wave Sports + Entertainment, according to a press release. The seed round was led by private equity firm TZP Group. Crossbeam Venture Partners, GPS Investment Partners, Verance Capital, Nimble Ventures, existing investors and more also participated in the round. “WSE is leading the shift to creating digital superfans by engaging audiences where, when, and how they want to consume sports content,” said Shamit Mehta, Partner at TZP Growth Equity, according to a press release. “We believe athletes, leagues, and companies will have a new way to connect with younger audiences through WSE’s successful brands.”

Faux meat is in and Drake wants parts! As the faux meat industry continues to boom, Daring Foods Inc., has managed to raise $40 million from investors just a little over a year after its plant-based chicken debuted last year, reports Bloomberg Green. The series B funding round was led by D1 Capital Partners along with existing investors such as Palm Tree Crew and Maveron. Amongst the investors includes Drake, who has mentioned that he’s a vegetarian adding him to the list of growing celebs that are backing faux meat like fellow rapper Jay-Z and tennis superstar Serena Williams. Daring plans to use the new funds to triple its retail distribution, which already includes products on shelves in stores like Kroger and Costco, to more than 4,500 U.S. stores this year.   View this post on Instagram   A post shared by daring foods (@daringfoods) “The first wave of plant-based was really focused on taste and texture, but then you had the sacrifice of other elements, like health,” said Ross...

Funding isn’t a one-time deal for most startups. It’s common for startups to raise capital via multiple funding rounds, each being a step above the previous. Even when a startup achieves success in a lower round, they continue to raise capital via consecutive rounds in efforts to scale their business to new heights. So, what are funding rounds? How do they work? How do you determine how many funding rounds are appropriate for your startup? We’re glad you asked. Here’s all you need to know: What is a funding round? Essentially, a funding round is a period of time where a startup sets out to raise capital in order to achieve a goal or milestone. In between funding rounds, the startup will continue to improve via sales, digital impressions, or adding new team members to increase the overall valuation, which is evaluated and assessed by potential investors. There is no standard amount of time between funding rounds which is usually determined by founders who feel their valuation has...