- Legal States
Fiona Simmons December 20, 2022 3 min read
Cricket Pro Dhawan Launches Sports Technology Venture Fund
Indian left-handed opening batsman Shikhar Dhawan has unveiled a new venture fund called Da One Global Ventures. The new entity will support technological developments within the sports sector.
Shikhar Dhawan, а world-famous Indian cricketer and avid businessman, has founded a new sports technology-oriented venture fund called Da One Global Ventures (DOGV). The $75-million entity will seek to nurture innovation within the sports sector.
DOGV Goes Live
As announced, DOGV will be a multi-stage fund with a greenshoe option of $25 million. It will, furthermore, be incorporated into the Abu Dhabi Global Market, which is known as a flourishing and secure business market.
Dhawan’s new venture is notably the first VC fund organized by an Asian athlete, according to the announcement. The man behind the venture himself introduced the team that will be responsible for running DOGV during the Abu Dhabi Finance Week.
As a cricket captain and a knowledgeable entrepreneur, Dhawan knew how to assemble a team of professionals as the fund’s general partner. The people selected by the athlete have all the necessary skills to drive innovation across the sports, esports, gaming and web3 sectors.
Other reputable athletes such as Dhawan will join the company. Representing various sports and leagues, these professionals will serve as DOGV’s ambassadors, helping the venture appeal to many sports ecosystems all over the world.
Dhawan Spoke about His Vision
DOGV will include a SportsTech Accelerator and eSports Venture studio, seeking to drive growth and innovation in both sports and esports. In addition, the new fund seeks to go beyond traditional investing models. It was announced that the venture will seek to become a true trendsetter when it comes to sports technology venture capital.
Dhawan, who is deeply invested in the sports sector, spoke about his vision and DOGV’s aim to support the growth of the sports sector. The athlete noted that he is very excited about his new endeavor and thanked the people who made the launch possible.
I am elated to start new innings and embark on this journey through the world of venture capital. All of this is only possible with the support of my commercial partners, and the commitment of Da One Global Ventures to the fund, readying for this week’s announcement and targeted deployment in Q1 2023-24.Shikhar Dhawan, founder, DOGV
Dhawan also spoke about sports technology as a whole, saying that 2022 has been a very productive year for the sector. He noted that over $12 billion have been invested in sports technology, which exceeds the investments from the three prior years combined. Dhawan reassured everyone that DOGV is in talks with many notable sports industry stakeholders and will ambitiously seek to establish itself on the market. He promised to share more news at a later date.
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Business December 20, 2022