DSG Ventures has launched with five investments and marks the rare instance of a sports retailer launching a strategic fund.
US sports equipment retailer Dick’s Sporting Goods has become one of the few sports retailers to enter the corporate venture capital world, forming a $50m investment arm called DSG Ventures to back early-stage sports technology startups.
In addition to its funding activities, DSG Ventures is partnering innovation consultancy VentureFuel on a pilot scheme where early-stage companies will work with the unit on…