Alexis Ohanian, the venture capitalist and Reddit founder, has announced that his 776 Foundation is investing in The Sports Bra, a popular sports bar and restaurant, to help it expand into other cities. The Sports Bra’s flagship location is in Portland, Ore., and it is known for showing women’s sports on its TVs, making it one of the most popular destinations for sports fans.
As the husband of legendary tennis player Serena Williams, Ohanian has already ventured into team ownership with stakes in NWSL’s Angel City FC and Los Angeles Golf Club. He is known for his passion for women’s sports and has a collection of memorabilia from Williams and other female athletes. Additionally, Ohanian’s 776 Foundation provides grants to individuals aged 17-25 who are working on initiatives to combat climate change.
In a post on X, formerly known as Twitter, Ohanian expressed his admiration for the undeniable excellence of women in sports and his desire to support and reinforce their achievements in a way that resonates with the community. The financial terms of his investment were not disclosed, and The Sports Bra did not provide immediate comment on the matter.
With this investment in The Sports Bra, Ohanian plans to reinvest all returns into girls’ and women’s sports, highlighting his commitment to supporting and promoting female athletes. His dedication to the advancement of women’s sports is evident in his various ventures and initiatives, as he continues to make a positive impact in the world of sports.
