JohnWallStreet, a NYC-based provider of a newsletter service in sports business, raised $1M in funding.
The round was led by Bolt Ventures, the family office of David Blitzer, Roger Ehrenberg of Eberg Capital and SportsGrid.
The company intends to use the funds to broaden the brand’s content publishing offerings, expand on its live event capabilities, beyond the Sports and Media Huddle series, and empower a research and intelligence business specifically catering to teams, leagues, and sponsors.
JohnWallStreet offers a newsletter services that puts context and analysis around the news and trends defining the sports industry. In addition to its publishing arm, JWS owns a research, events and consulting/advisory business.
The first release from its new research and intelligence arm is a thematic report on private equity on college sports. The company conducted extensive interviews with more than 20 NCAA Division I conference commissioners, athletic directors, private equity professionals, and multimedia rights holders to explore how and why college sports have come to be seen as fertile investing ground by private equity investors, to identify where the opportunities for private equity investment lie within college athletics, to gain an understanding of the key risks, considerations, and barriers to entry for private equity investors, and to forecast how recent legal settlements will impact private equity investment in collegiate athletics.
JohnWallStreet has also secured an ongoing commitment from its first investor, Playfly Sports, for support services.
FinSMEs
27/06/2024