TLDR:
- TMRW Sports, co-founded by Tiger Woods, closes a new funding round, reaching a valuation of $500 million.
- Investors include Shaquille O’Neal, Dwyane Wade, Stephen Curry, Chris Paul, and more.
TMRW Sports, co-founded by Tiger Woods, Rory McIlroy, and Mike McCarley, has closed a new funding round, bringing its valuation to $500 million. The funding round was led by Dynasty Equity Partners and Connect Ventures, with investors such as Shaquille O’Neal, Dwyane Wade, and Kevin Durant also involved. The goal of the company is to apply intellectual property in a way that appeals to existing fans and attracts new fans, while also focusing on accessibility and diversity in sports.
The funding will be used for expansion into new formats, leagues, territories, and media properties, with the possibility of expanding into women’s golf. TMRW Sports is set to launch TGL in January 2025, a tech-infused golf league in partnership with the PGA Tour. The league will feature 18 players competing in 18-hole matches in a stadium setting, aiming to blend golf with technology and team elements from other sports.
Overall, the new funding round and partnerships signal growth and innovation for TMRW Sports as it continues to make strides in the sports, media, and entertainment industry.
