Fortuna Investments, a venture capital firm specializing in high-growth industries, announced a new investment platform dedicated to advancing women’s professional sports, beginning with a focus on the WNBA.

The original press announcement can be read on the GlobeNewswire. 

The platform aims to invest $10-$50 million in equity opportunities across women’s sports, including team ownership, stadium development, and sports media.

Fortuna has a strong investment history in sectors like battery technology, clean tech, and space, and sees women’s sports as a promising new frontier. Joining this mission is Frostee Rucker, former NFL captain and current Vice President of Sports and Entertainment at Fortuna, who is eager to support the growth of women’s sports franchises and athletes.

Founded in 2015, Fortuna Investments builds long-term partnerships with entrepreneurs in emerging markets and has managed over $500 million in transactions.

Head over to the GlobeNewswire to read the original press release.