Lance Armstrong’s Next Ventures targets $75M

TechCrunch | 7/5/2019 | Staff
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Next Ventures, an investment firm led by Lance Armstrong, has filed to raise $75 million for its debut venture capital fund.

According to paperwork submitted to the U.S. Securities and Exchange Commission this morning, Armstrong and Next Ventures general partner Lionel Conacher have so far attracted $24.5 million from limited partners to back startups in the sports, fitness, nutrition and wellness markets.

Armstrong - Conacher - Athletes - Armstrong - Course

Both Armstrong and Conacher are long-time athletes, with Armstrong, of course, known for his professional cycling career and high-profile doping scandal that resulted in the International Cycling Union stripping him of his seven Tour de France titles in 2012. Conacher’s bio states he is “a life-long multi-sport athlete and outdoorsman and proud member of Canada’s first family of sport.” Conacher also has experience in investment banking and private equity as the former vice chairman...
(Excerpt) Read more at: TechCrunch
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