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Kevin Durant and Rich Kleiman’s pickleball team has three new investors. Boardroom reports that Drake, Michael B. Jordan, and Steve Stoute have become co-owners in Thirty Five Ventures’ (35V’s) Brooklyn Aces.
Venus Williams has received backing from some heavy hitters for her plant-based superfood nutrition company. According to a press release, Happy Viking has raised $2 million in an investment round led by Venus Williams, Serena Williams, Kevin Durant and Rich Kleiman’s 35V, Peloton Vice President of Fitness Programming Robin Arzón, professional golfer Michelle Wie West, soccer champion Megan Rapinoe, tennis star Reilly Opelka, and basketball stars Isaiah Hartenstein and Collin Sexton. View this post on Instagram A post shared by Happy Viking Superfood (@drinkhappyviking) Participating investors also included Mates, Talent Resources Ventures, Parallel, and Oliver Trevena. “Venus is an incredible entrepreneur, and in getting to know her and the team she’s put together behind Happy Viking, it was clear to Kevin Durant and I that the company has set itself up for success. No one understands the health and nutrition space like a professional athlete, and Happy Viking is proof in product...
Kevin Durant has made a new investment to advance another area of sports. Bloomberg reports Durant’s Thirty Five Ventures was a part of an investment round led by The Chernin Group for the Premier Lacrosse League with participation from World Wrestling Entertainment (WWE) Inc. Premier Lacrosse League founders, Paul and Mike Rabil have not disclosed exact valuations. However, the number has doubled since the company’s previous funding round in 2021.
Kevin Durant is evidently enjoying his time in the business limelight. As AfroTech previously reported, the Brooklyn Nets basketball star recently secured a two-year partnership with blockchain platform Dapper Labs’ NBA Top Shot. Now, Durant is making headlines as he’s reportedly set to become one of the major buyers in a merger agreement between ticket search engine platform SeatGeek and blank check company RedBall Acquisition Corporation, according to Front Office Sports. The merger proves to be a relief for RedBall — co-founded by Billy Beane and RedBird Capital founder Gerry Cardinale — who reportedly struggled over the past year, EssentiallySports previously reported. But clearly, hope was not lost as RedBall now has a promising footing with the latest merger reportedly valued at a whopping $1.35 billion (What a comeback). The equity rollout will include a $100 million private investment in public equity (PIPE). The beauty of PIPE financing permits prospects to be afforded the...
Kevin Durant’s investing power has reached a whole new level as his latest investment is setting him up for more success. According to a report from Sportico, Durant’s investment vehicle, Thirty Five Ventures, participated in a $200 million Series F funding round for health tracking firm WHOOP, which has brought the company’s valuation to $3.6 billion. The new appraisal reportedly will result in a nearly 2,800% return for Durant and his investment firm, topping off yet another successful backing. Sportico also reports that Durant first invested in the health tracking company back in 2017, and just a year later the firm was pegged at a valuation of $125 million. So to see that number now skyrocket to the billion-dollar club means an incredible payoff for the two-time NBA champ’s investment arm. Since early last year, Durant has been busy capitalizing on his success off the court through the development of Thirty Five Ventures — which has made 39 investments to date, according to...
Kevin Durant has a host of accolades — the number two overall pick in the 2007 NBA draft, two consecutive NBA titles, and NBA MVP, just to name a few. Now he’s added business investor to his repertoire. Durant ended 2019 on a high note by being listed on the Forbes 30 Under 30 class of 2020 list and gracing the cover of Forbes Special Issue edition which highlighted its 2020 class of 600 innovators spanning 20 industries. In a Forbes interview , Durant explained how he plans to capitalize on his NBA platform. “The view of basketball and the NBA has widened so much that it puts us in a lot of different rooms and it’s on us to take advantage of where we are,” Durant said. Durant has taken advantage of his platform with the development of Thirty Five Ventures , a company that is home to all of Durant’s — and his business partner, Rich Kleiman — business ventures in the areas of tech, sports, and culture. According to Forbes , Thirty Five Ventures employs 15 full-time hires and has...