Reddit founder and venture capitalist Alexis Ohanian has announced that his 776 Foundation is investing in The Sports Bra. This funding will help the sports bar and restaurant expand into new cities, with its flagship location currently located in Portland, Ore. The Sports Bra is one of the most popular sports bars in the country, dedicated to showing women’s sports on its TVs.
Ohanian took to X, formerly known as Twitter, to express his support for women’s sports and the incredible talent that female athletes possess. He expressed a desire to find ways to build on this excellence and make it resonate within the community.
The financial details of Ohanian’s investment in The Sports Bra have not been disclosed, and the sports bar has yet to respond to requests for comment from Sportico. However, it is known that Ohanian has shown a strong interest in team ownership opportunities. He currently holds stakes in the NWSL’s Angel City FC and the Los Angeles Golf Club, among others.
Ohanian’s passion for women’s sports extends beyond ownership opportunities. He also collects memorabilia related to female athletes and has made significant investments in girls’ and women’s sports through his 776 Foundation. Through this foundation, he provides grants to young individuals with plans to combat climate change while promoting gender equity in sports.
Overall, Ohanian’s investment in The Sports Bra represents his larger commitment to supporting and promoting girls’ and women’s sports. The returns from this investment will be reinvested into further initiatives aimed at empowering female athletes and promoting gender equality in sports.
/cdn.vox-cdn.com/uploads/chorus_asset/file/25451029/download__1_.jpeg)
