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Incredible day at League One Volleyball. Excited to announce $100 million in new funding to support LOVB and our entire ecosystem, from club to pro. This new investment signals the belief that investors and brands alike are having in the sport of volleyball, and LOVB’s place in it as a champion for all athletes who play it. Grateful for our partners in Atwater Capital, Ares Management Corporation, Left Lane Capital David Blitzer’s BOLT Ventures, and Verance Capital
As we mark our 50 days to go from our First Serve in Atlanta on January 8, we are excited to share that we’ve announced $100 million in committed new funding, led by Atwater Capital, alongside existing investors, Ares Management Corporation and Left Lane Capital. This new investment will continue to fuel our mission to transform volleyball from the grassroots to the professional level, while supporting our launch of LOVB Pro’s inaugural season this January. This announcement comes at a time when we are experiencing incredible momentum, coming off a banner year where we doubled the size of our youth programs – expanding to 58 clubs with more than 16,000 athletes across 26 states and 66 locations – and our pro league announcing partnership with industry-leading brands & media partners including adidas, ESPN, REVOLVE, Spanx and iHeartRadio Radio. As the sport of volleyball continues to grow not just in size but in popularity, we are humbled to be rolling up our sleeves alongside leading investors like Atwater, Ares, Left Lane Capital, David Blitzer’s BOLT Ventures and Verance Capital, and individuals like Lindsey Vonn, Candace Parker and her daughter Lailaa, Amy Schumer, Linda Henry, Kevin Durant and Rich Kleiman’s Boardroom Sports Holdings and Chelsea Handler to enable volleyball to become the next major league, and support the next generation of players throughout their volleyball journeys. Read more: https://lnkd.in/gusnDRpD