The Professional Golf Association (PGA) of America has announced plans to launch a dedicated funding vehicle with Elysian Park Ventures, the investment arm of the Los Angeles Dodgers of Major League Baseball (MLB), to support innovation in the golf.
Elysian Park Ventures’ portfolio includes brands and companies active in sports technology, entertainment, health, fitness and wellness. The new funding vehicle, EP Golf Ventures, LLC, will invest more than $84 billion in golf industry value drivers. Focus areas include coaching and training, health and wellness, performance science, hospitality, facility management, retail and agriculture.
EP Golf Ventures is an investor in Sportsbox AI and Dryvebox.
“The PGA of America is committed to developing and growing the game for the current generation and the next generation of PGA players, golf facilities and professionals,” said the PGA of America CEO, Seth Waugh. “Through EP Golf Ventures, we will be able to identify and invest in the most promising companies in the golf industry to support both innovation and growth in the game, as well as creating long-term value for professionals. of the PGA. Elysian Park Ventures has an impressive portfolio of companies and entities operating in the sports industry, and we are delighted to partner with them in this endeavor.
Elysian Park and the PGA of America have committed capital to the fund.
“Golf is one of the fastest growing sports in the world, and there is tremendous opportunity to innovate, improve and extend the reach of the game on and beyond the course,” said said Jay Adya, managing director of Elysian Park Ventures. “EP Golf Ventures combines the golf industry expertise of the PGA of America with the institutional knowledge of our team at Elysian Park. Together, we believe that EP Golf Ventures and the strategic investments we make will have a lasting, positive impact on the game of golf and create real value for stakeholders.