UC Investments-backed sports media company SpringHill was valued at $725m in a round that included the university and several corporates.
SpringHill, a US-based sports entertainment studio, has raised a “significant” amount of money from investors including University of California’s UC Investments vehicle at a $725m valuation, according to Forbes.
Sports equipment producer Nike, computer game producer Epic Games and sports team owner Fenway Sports Group (FSG) also joined investment firm and FSG affiliate RedBird Capital Partners, which led the round.
Founded by basketball professional LeBron James, SpringHill produces a range of entertainment content across mediums like television, film, gaming and…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
