Startups Investment Recap – February 16th

Startups Investment Recap – February 16th

Connected Fitness Start-Up Tonal Raises $450M In Latest Funding Round

San Francisco-based fitness technology start-up, Tonal, has raised $450m in its latest funding round, valuing the company at $10bn. The connected fitness company, which provides personalized strength training, has seen surging demand due to the COVID-19 pandemic, and the funds will be used to expand its product line and international operations.

• Tonal has raised $450m in its latest funding round, valuing the company at $10bn.
• The connected fitness company, which provides personalized strength training, has seen surging demand due to the COVID-19 pandemic.
• The funds will be used to expand Tonal’s product line and international operations.

Dyal Homecourt Acquires NBA Minority Stakes for $850M

Dyal Homecourt Partners has acquired minority stakes in several NBA teams, including the Boston Celtics, Milwaukee Bucks, and Philadelphia 76ers, for a combined $850 million. The acquisition is part of a growing trend of investors seeking minority stakes in professional sports teams, as a way to diversify their portfolios and take advantage of the growth in the sports industry.

• Dyal Homecourt Partners has acquired minority stakes in several NBA teams for $850 million.
• The acquisition includes minority stakes in the Boston Celtics, Milwaukee Bucks, and Philadelphia 76ers, among others.
• The trend of investors seeking minority stakes in professional sports teams is growing, as a way to diversify their portfolios and take advantage of the growth in the sports industry.

DAZN Expands Its Sports Rights Portfolio with the Acquisition of BT Sport

Sports streaming platform DAZN has acquired the sports rights of BT Sport in a deal worth £800m, further expanding its sports portfolio. The deal includes the rights to the English Premier League, UEFA Champions League, and UFC, among others. The acquisition is expected to increase DAZN’s presence in the UK market and further solidify its position as a leading sports streaming platform.

Key Points:

• DAZN has acquired the sports rights of BT Sport in a deal worth £800m, further expanding its sports portfolio.
• The deal includes the rights to the English Premier League, UEFA Champions League, and UFC, among others.
• The acquisition is expected to increase DAZN’s presence in the UK market and further solidify its position as a leading sports streaming platform.

Wisconsin Governor Proposes $290M Plan to Renovate Brewers Stadium

Wisconsin Governor, Tony Evers, has proposed a $290 million plan to renovate the Brewers’ stadium, American Family Field. The plan includes improvements to the stadium’s seating, lighting, and infrastructure, and is aimed at improving the fan experience and attracting more events to the venue. The Brewers’ organization has expressed its support for the proposal, which will require legislative approval.

Key Points:

• Wisconsin Governor, Tony Evers, has proposed a $290 million plan to renovate the Brewers’ stadium, American Family Field.
• The plan includes improvements to the stadium’s seating, lighting, and infrastructure, and is aimed at improving the fan experience and attracting more events to the venue.
• The Brewers’ organization has expressed its support for the proposal, which will require legislative approval.