• Loading stock data...
Thursday, July 3, 2025

Sports-Focused Firm Backed by Shaq, NBA Teams, Closes $100M Fund

  • Courtside Ventures, which invests in sports, collectibles, and gaming, closed a $100 million fund.
  • The firm has now raised over $200 million total.
NBA
Gary A. Vasquez-USA TODAY Sports

An investment firm dedicated to sports and related industries announced its biggest fund to date.

Courtside Ventures closed its third fund, securing $100 million in fresh capital and bringing its total amount raised to more than $200 million. 

Investors in the fund included:

  • Athlete legends Shaquille O’Neal and Larry Fitzgerald 
  • Ownership groups of the Atlanta Hawks, Golden State Warriors, Philadelphia 76ers, Cleveland Cavaliers, Charlotte Hornets, Atletico Madrid, DC United, and LAFC
  • Retail giant Dick’s Sporting Goods

“We had a good amount of demand to raise beyond this,” Courtside partner Deepen Parikh explained to Front Office Sports. “Our view is that [given] the stage we invest at — which really ranges from pre-seed to Series A — where we’re investing and the nature of our fund, we believe $100 million was a really good step.”

Courtside’s previous investments include The Athletic, gaming livestream platform Beam, StockX, and 100 Thieves. It has already begun investing with its third fund, including a stake in Mojo, an athlete “stock market” backed by Alex Rodriguez and Marc Lore.

NBA’s French Connection: Paris Game and Wembanyama Mania

Bulls-Pistons game is part of huge moment for basketball in France.
January 19, 2023

More Than a Check

“A lot of our LPs are very strategic in nature,” said Parikh, who added that the relationships Courtside establishes can catalyze client relationships between its portfolio companies. 

Courtside has also found new investment opportunities through the family offices of teams that invest in its funds. Cavaliers owner Dan Gilbert invested in Courtside’s first fund, and more owners have joined in since.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

exclusive

WNBA Players Reject League’s First CBA Offer

Players felt the initial proposal wasn’t “entirely responsive” to their request.

NHL to Rejoin Olympic Ice in Milan—and NBC Set to Cash In

NHL players last competed in the Olympics in 2014.

Commanders’ $3.8B Stadium Deal in Jeopardy? Mayor Sounds the Alarm

Political tensions rise about delays in stadium funding approval.

Featured Today

The Battle Over Wimbledon’s Ambitious Expansion Plan

A classic NIMBY standoff on one of the most hallowed grounds in sports.
Seattle Rough & Tumble
June 28, 2025

Women’s Sports Bars Are on the Rise. Survival Isn’t Guaranteed

Some women’s sports bars are cashing in. Others are clawing for funding.
June 27, 2025

Shitposters Have Taken the Reins of Pro Sports’ Official Voices

Meet the social media pros turning sports teams into internet trolls.
Jun 17, 2025; Sunrise, Florida, USA; Florida Panthers center Sam Reinhart (13) hoists the Stanley Cup after winning game six of the 2025 Stanley Cup Final against the Edmonton Oilers at Amerant Bank Arena
June 26, 2025

Stanley Cup’s International Summer Tour: Rules, Repairs, and Raucousness

No pro trophy tour compares to the NHL’s three-month global victory lap.
Apr 26, 2025; San Francisco, California, USA; Houston Rockets guard Fred VanVleet (5) before game three of first round for the 2024 NBA Playoffs against the Golden State Warriors at Chase Center.

Rockets Get $20 Million in Wiggle Room From New VanVleet Deal

VanVleet first signed with the Rockets in 2023.
April 20, 2025

Max Verstappen Linked to $300M Aston Martin Deal Ahead of Miami GP

Aston Martin is currently seventh in the constructors championship.
June 24, 2025

Timberwolves’ 4-Year Ownership Saga Ends As A-Rod, Lore Take Over

The unanimous approval brought a clean end to a long-disputed transaction.
Sponsored

Hottest Matchups Following NFL Schedule Release

The NFL released the 2025 regular-season schedule, and anticipation is already building in the ticket marketplace with four months to go.
March 27, 2025

Peyton Manning’s Omaha Productions Gets PE Boost

The Hall of Famer’s company gains another prominent backer.
March 20, 2025

High School Sports Power Signs Eight-Figure Rights Deal in First

The deal pays roughly $1 million annually, FOS has learned.
March 20, 2025

Maxx Crosby’s Agent: Edge Rushers Set to Dominate NFL’s Non-QB Market

Maxx Crosby just signed a three-year, $106.5 million extension.
March 4, 2025

Eagles Make Saquon Barkley NFL’s Highest-Paid Running Back Ever

Barkley is coming off a historic 2024 season with the Eagles.