Tennis Australia’s Launch of Wildcard Ventures Capital Fund

Gilbert + Tobin assisted Tennis Australia in setting up its own venture capital fund.

Tennis Australia launched Wildcard Ventures, a venture capital fund to help advance SportsTech startups from the very beginning of their journey.

Wildcard Ventures will invest in start-up companies that focus on technologies that benefit the sport, health and entertainment industries.

The aim of this new fund is focused on investing in early-stage, technology-led start-ups that impact the sports industry globally. This follows the trend of America’s top sporting organisations including the NFL, NBA and MLB which have launched their own venture capital funds.  

Wildcard Ventures has already made a multimillion-dollar investment in US artificial intelligence sports tech business SwingVision.

As well as promoting tennis and participation, Tennis Australia facilitates player development, stages local and international events and invests in tennis facilities around Australia.

The G+T team was led by Corporate Advisory partner Deborah Johns (Picture). 

 

Involved fees earner: Deborah Johns – Gilbert + Tobin;

Law Firms: Gilbert + Tobin;

Clients: Tennis Australia;

Author: Sonia Carcano