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June 9, 2025 - Deals
Ballers Raises $20M Series A Round Led By Sharp Alpha And RHC Group
Ballers, a social sports facility concept founded by David Gutstadt and Amanda Potter along with Vero Capital founder Daniel Bassichis, recently raised a $20M Series A round led by Sharp Alpha and RHC Group to fuel expansion beyond its first location in Philadelphia opening this July. The Philadelphia venue will feature pickleball, padel, golf simulators, and elevated F&B service, blending urban athletic club vibes with modern "sportainment." The round also included individual investors like tennis stars Andre Agassi, Kim Clijsters, and Sloane Stephens. Gutstadt and Potter, who met at Equinox corporate in the 2010s, aim to bring "country club sports to the city" with plans to grow to 50-plus locations over the next decade.
INVESTORS: Sharp Alpha, RFC Group, Andre Agassi, Kim Clijster, Sloane Stephens, Connor Garnett, Maarten Paes & David Blitzer
ROUND: Series A
AMOUNT: $20,000,000
HQ: #Philadelphia #Pennsylvania
#VentureCapital #Ballers #SharpAlpha #RFCGroup #AndreAgassi #KimClijster #SloaneStephens #ConnorGarnett #MaartenPaes #DavidBlitzer #TradedVC
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Businesses Increase AI Spending As Anthropic Leads Adoption At 43.5%Ramp’s latest AI Index shows businesses are continuing to increase AI spending despite rising pressure from cheaper and open-source models. In July, the top 1% of businesses spent a median $7,400 per employee on AI, compared with $650 for the top 10% and $11.95 for the median firm, while Anthropic led business adoption at 43.5%, ahead of OpenAI at 39.7%.
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