Major League Cricket secures $120M in funding from Microsoft CEO and others to launch in the US – GeekWire

0
(Major League Cricket Photo)

Major League Cricket is appealing to the tech and business communities to secure major funding for its planned US launch

The league announced on Wednesday that it had raised a $44 million Series A/A1 first round and secured another $76 million to invest $120 million in launching professional cricket.

Microsoft CEO Satya Nadella and Soma Somasegar, managing director of Seattle-based Madrona Venture Group, are among the lead investors. Nadella has previously spoken about the passion he has had for sports since childhood.

The MLC plans to use the funds primarily to build cricket-specific stadiums and training facilities “to develop a new generation of star American cricketers,” the league said in a statement. Press release. The infrastructure, which includes facility construction projects at Marymoor Park in Redmond, Washington, “will transform the landscape of professional cricket and enable the United States to host global events over the next decade and beyond. “.

The Seattle area is already home to three adult cricket leagues with over 3,500 members. Growing interest in youth programs, which GeekWire profiled in 2019, brought in 500 players. A Minor League cricket team called the Seattle Thunderbolts, backed by tech investors, also came together last year.

All of these teams and programs would use Marymoor Cricket Community Park, a multi-purpose facility that could also host professional cricket events, including Major League Cricket, the U.S. National Team and a possible World Cup and other major international matches. .

“I share Major League Cricket’s vision of launching a world-class T20 cricket league and the potential for the United States to become one of the world’s leading cricketing nations,” Somasegar said in a statement. communicated. “I am thrilled to be part of a dynamic group of investors who will help the sport reach this level through an unprecedented commitment of MLC resources to grow the sport.”

Other investors include: Anand Rajaraman and Venky Harinarayan, founding partners of Milliways Ventures and Rocketship VC; Sanjay Govil, founder and chairman of Infinite Computer Solutions and CEO of Zyter; Anurag Jain, Managing Partner of Perot Jain, LP, President of Access Healthcare; Ross Perot Jr., Chairman of the Perot Group; Tanweer Ahmed, CEO, PAK Foods, CEO, OUR Energy and owner of Prairie View Cricket Complex; and the Baheti family, owners of YASH Technologies.

Share.

About Author

Comments are closed.