Metta World Peace Launches $100M Venture Fund for Sports Tech

Team S · 2024-12-14T17:51:51.000Z

Former NBA star Metta World Peace, previously known as Ron Artest, has announced the launch of a $100 million venture capital fund focused on sports technology investments. The fund, named XvsX Sports Fund I, aims to support early-stage startups in the sports tech sector. - The fund will target investments in areas such as artificial intelligence, blockchain, and data analytics within the sports industry. - World Peace has partnered with seasoned venture capitalists and plans to leverage his extensive network in professional sports. - XvsX Sports Fund I will primarily focus on seed and Series A investments, with individual investments ranging from $250,000 to $3 million. - The fund's strategy includes not only providing capital but also offering mentorship and access to World Peace's connections in the sports world. - World Peace's post-NBA career has involved various entrepreneurial ventures, including founding XvsX Sports, a company that organizes amateur basketball leagues and tournaments.

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Metta World Peace Launches $100M Venture Fund for Sports Tech | Newnex