Dick’s Sporting Goods (NYSE: DKS), announced the launch of DSG Ventures.
The $50M fund will invest in innovative companies that, like DICK’S, hold the core belief that sports make people better.
DSG Ventures will initially focus on companies that directly serve athletes and their communities, or that help DICK’S better serve its own athletes.
Its initial investments include:
- Moolah Kicks, an only women’s basketball performance footwear brand built by and for female ballers.
- SidelineSwap, a marketplace for sporting goods.
- Out&Back Outdoor, a shop to buy and sell outdoor gear.
- EL1 Sports, a youth sports company offering baseball and softball instruction and team administrative support.
- Courtside Ventures, which partners with early-stage founders challenging the traditional definition of sports, gaming and wellness.
DSG Ventures is also working with innovation advisory VentureFuel on a Retail Innovation Program to identify startups to collaborate with DICK’S Sporting Goods on a pilot program around enhancing the customer experience. The pilot covers any area of the customer experience from e-commerce to in-store experience to AI.
Founded by Dick Stack in upstate New York in 1948, and led by Ed Stack, Executive Chairman, Pittsburgh, PA-based omnichannel retailer that serves athletes and outdoor enthusiasts in more than 850 DICK’S Sporting Goods, Golf Galaxy, Field & Stream and Public Lands stores, online, and through the DICK’S mobile app. DICK’S also owns and operates DICK’S House of Sport and Golf Galaxy Performance Center, as well as GameChanger, a youth sports mobile app for scheduling, communications, live scorekeeping and video streaming.
FinSMEs
04/11/2022
SOURCE DICK’S Sporting Goods, Inc.