National Cycling League Closes $7.5M Seed Financing

National Cycling League

National Cycling League (NCL), a Miami, FL-based company providing sports league powered by a technology platform, raised $7.5M in Seed funding.

The round was led by Will Ventures with participation from Founder Collective, Collab Capital, Impellent Ventures, Bradley Beal, Jalen Ramsey, Derwin James, Kevin Byard, Casey Hayward, Michele Roberts, Rachel Lindsay and Emmanuel Acho.

The company intends to use the funds to support the development of its technology platform, which seeks to deliver interactive access to pro athlete biometric and performance data for consumer applications in real time.Ā 

Led by CEO Paris Wallace, The National Cycling League is building a professional sports league featuring a new cycling league format, racing on iconic circuits, in the most iconic cities. Men and women will compete on the same team, on the same course, in a way that respects their differences yet weighs their performances and values their contributions equally.Ā The NCL will launch in 2023 with 10 teams of professional cyclists competing for a record settingĀ $1 MillionĀ prize purse across a series of criterium-style races in four major markets: Miami Beach, Fla.;Ā Atlanta, Ga.;Ā Denver, Colo.; andĀ Washington D.C.