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Stephen Curry Investing in League of Legends



Golden State Warriors superstar Steph Curry is investing in his life off of the court, joining an investment group backing esports company TSM (parent company Swift), which has raised raised $37 million, on a number of ventures, according to Forbes Magazine’s Matt Perez.

Ethan Kurzweil of Bessemer Venture Partners leads a group that includes Curry and Yahoo cofounder and billionaire Jerry Yang.

Per the article:

The company will use $10 million of the fund for acquisitions and investments in the gaming space, while $20 million will be allocated for both franchising fees and a new 15,000-to-20,000 square foot esports facility in Los Angeles. It will function as a training facility for the organization’s esports teams, a studio for its multimedia content and a way to directly engage with fans.

That’s some serious Forbes Sports Money, and Curry is an avid investor, as he also owns a chunk of Under Armour.

“TSM has always run a very lean operation, so we haven’t set ourselves up to take advantage of the fast growth that this market is experiencing, so that’s what we’re trying to prepare ourselves to do,” TSM CEO Andy Dinh told Forbes. “We’ve got a really good group of investors … it’s going to help us accomplish what we want for TSM.”

Anthony DiMoro is the creator of Sports Rants and the CEO of Elite Rank Media. He is a former Contributor for Forbes and the Huffington Post where he covered sports, social media, and SEO. Anthony formerly hosted the 'Forbes SportsMoney Podcast'.