Loading organizations...
§ Venture Capital · New York City, NY, USA
NBA Equity functions as the corporate venture arm of the National Basketball Association, making strategic investments in early-stage companies. It aims to cultivate the broader basketball ecosystem and diversify the league's portfolio beyond traditional sports properties. This initiative provides capital and resources to emerging businesses in sports technology, media, and fan engagement.
Publicly established in 2022, the venture arm originated from the foresight of former commissioner David Stern and current commissioner Adam Silver. They recognized an opportunity to leverage the NBA's global brand and resources. The goal was to support promising startups, gaining exposure to new technologies and business models beneficial to the league's long-term interests.
NBA Equity primarily serves innovative startups and the league itself, benefiting from fostered innovations. The company envisions an enhanced sports and entertainment landscape, actively identifying opportunities to improve fan experiences, optimize player performance, and streamline operations. Its mission is to create a symbiotic relationship driving global basketball growth.
NBA Equity has 2 tracked investments across 2 companies. The latest tracked deal is $14.0M Other Equity in Greenfly in April 2024.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Apr 5, 2024 | Greenfly | $14.0M Other Equity | Jeremy Pressman | Alpha Edison, Elysian Park Ventures, Iconica Partners, Mercato Partners, Ryan Sports Ventures, Verance Capital |
| Jun 13, 2023 | Tagboard | $4.0M Other Equity | — | Blue Star Innovation Partners, Greg Norman Group, Ryan Sports Ventures, Singularity Capital |