Venture capital firm Collaborative Fund has invested in D.C. United and its stadium, positioning the move as an opportunity to highlight and promote the firm's portfolio startups.
Source: TechCrunch
Collaborative Fund, a venture capital firm, has bought into D.C. United and its stadium. Firm founder Craig Shapiro framed the investment as a way to showcase the firm's startups to a wider audience through the sports property.
This move follows a trend of venture capitalists entering professional sports ownership, with Thrive Capital having previously led VCs into the space. The investment signals growing interest from the tech and startup world in owning and operating sports franchises.
This report was prepared using information from TechCrunch. View original listing →
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