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NBA Star Klay Thompson Looks To Score In The Tech World With Investment In Fantasy Sports Startup Sleeper

Basketball superstar Klay Thompson recently scored in the tech world. In a $40 million funding round led by venture capital firm Andreessen Horowitz, the National Basketball Association (NBA) star’s Thompson Family Foundation has invested in fantasy sports startup Sleeper, reportedly quadrupling its value to more than $400 million. According to Bloomberg, the funding will be for “product development and hiring in areas including engineering, design, customer support, finance and marketing.” Joining Andreessen Horowitz and Thompson were existing backers General Catalyst and Birchmere Ventures along with angel investors that included Miami Dolphins player Byron Jones and former NBA player Shane Battier, Bloomberg reports. Sleeper’s initial focus was on the National Football League (NFL) and the NBA, but the pandemic’s impact pushed them to extend into esports as well. In addition, the startup also added college basketball this year. “Originally, the goal was to do arena sports and...

Ngozi Nwanji

Sep 16, 2021