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OpenSponsorship lands new capital to bring brands, athletes together

TechCrunch

Ishveen Anand grew up in England playing sports all of her life, including during her time at Oxford. However, what she found was that the process was inefficient — the sports world was slow-moving in terms of brands getting contracts with athletes. OpenSponsorship deals page.

Sport 214
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Draftea kicks off LatAm fantasy football with NFL partnership, fresh funding

TechCrunch

Draftea , which calls itself the first daily fantasy sports company in Spanish-speaking Latin America , is taking fantasy football (not fútbol) to the region in a new partnership with the National Football League (NFL) and the NFL Player’s Association, a labor union representing the league’s athletes.

Sport 162
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NEX raises $25M, launches Active Arcade to get people moving

TechCrunch

It also previously raised a $4 million seed round from Charmides Capital, Harris Blitzer Sports & Entertainment Ventures and Mandra Capital, Steve Nash, Jeremy Lin and Mark Cuban in 2018. Many other leaders in sports, media and technology have also baked NEX. This latest round comes after NEX raised an $8.5

Sport 248
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Forbes jumps into hot media liquidity summer with a SPAC combo

TechCrunch

Forbes reports that it will sport “an implied pro forma enterprise value of $630 million, net of tax benefits,” after its completion. The company will sport an equity valuation of $830 million after the deal closes, per its own calculations. The transaction will close either Q4 2021 or Q1 2022, Forbes estimates.

Media 252
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Porsche joins $400M bet on lithium-silicon batteries to juice up future EVs

TechCrunch

With its first electric vehicle now outselling the quintessential 911 sports car, the German automaker is responding by upping its bet on EVs, in part via a hefty investment in lithium-silicon battery developer Group14 Technologies. Porsche has read the room. Group14 appears to be targeting production for Porsche battery packs in 2024.

Sport 246
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CIOs rethink all-in cloud strategies

CIO

“Any organization of size, dealing with diverse technology, is doing their company a disservice if a public cloud–only strategy is their ultimate end goal,” says Brian Shields, SVP and CTO of Boston Red Sox and Fenway Sports Management.

Strategy 361
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It turns out fintech is worth as much as SaaS

TechCrunch

At $43 per share, Remitly is valued less like a fintech company with gross margins in the 50% to 60% range and more like a middle-tier public SaaS firm, flush with recurring revenues and net-dollar retention north of 100%.

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