On day one of the annual ADGM Finance Week, International Cricketer and Entrepreneur, Shikhar Dhawan announced that he would be launching a new $75 million global investment Fund (consisting of a greenshoe option of $25 Million). The proposition is a multi-stage fund focused on Innovation across the sports spectrum. This is a first organised venture capital fund by an Asian Sportsperson and first by an Indian Celebrity.
ADGM is home to a growing number of local, regional and international financial and non-financial institutes in a vibrant business ecosystem underpinned by innovation and a robust regulatory framework.
The announcement by Shikhar Dhawan, his partners and team at the LP-GP Summit by 256 Network (A private, invite-only organisation of LPs/GPs worldwide) on December 14 2022 during ADGM Finance Week; to an audience congregating global financial market leaders from a wide array of backgrounds who gathered at ADGM to address strategic macroeconomic and financial topics that shape global, regional and industry perspectives and themes for the years to come.
“Da One Global Ventures (DOGV) will go beyond traditional investing models and will provide domain knowledge unprecedented access to sporting ecosystem across the globe. We are making a humble beginning but aim to scale this to greater heights and aspire to set new benchmarks for leading in Venture Capital, Sports and Technology,” said Shikhar Dhawan.
This year has been spectacular year for sports-tech with investments to the tune of $12 billion already. That is more than the total of the preceding three years combined and multiple segments illustrating rapid growth in this dynamic industry.
Da One Global Ventures (DOGV) is in active discussions with various relevant stakeholders across the globe and further developments will be announced in due course.
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