League One Volleyball (LOVB), a Los Angeles, CA-based volleyball professional league, raised $35M in funding.
The round, which brought the total amount to approx. $60M, was led by Left Lane Capital, with support from Ares Management as well as individuals including Olympic skiing gold medalist Lindsey Vonn, four-time NBA All-Star Jayson Tatum, Fenway Sports Group partner Linda Henry, comedian Amy Schumer and two-time WNBA MVP Candace Parker. Kevin Durant’s Boardroom Sports Holdings, an existing investor, contributed new funding, too.
The company intends to use the funds to scale its pro and club operations.
Led by CEO Katlyn Gao, League One Volleyball is launching a professional league across the country. The company is now working to sign athletes, and coaches to its teams, secures arenas, and develop training facilities.
FinSMEs
02/10/2023