One of this week’s more notable venture capital deals involved baseball’s Iron Man.
Ripken Baseball, the sports company of which Cal Ripken, Jr., is president, received what was described as a “significant minority investment” from LionTree LLC. Terms of the deal were not disclosed, but it’s drawing interest given LionTree’s association with big names in tech.
Founded in the early aughts by Cal, Jr., and his brother and fellow former Orioles infielder Billy Ripken, Ripken Baseball offers “experiences” such as youth camps and tournaments at facilities in Aberdeen, Md., Myrtle Beach, S.C. and Pigeon Forge, Tenn. With the deal, the company is looking to expand in the tech realm.
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