Alexis Ohanian’s 776 Foundation Invests in Women’s Sports Bar
Summary
Alexis Ohanian, the venture capitalist and Reddit founder, announced that his 776 Foundation is investing in The Sports Bra and will help the sports bar and restaurant expand into other cities.The Sports Bras flagship location is in Portland, Ore., and is one of the most popular sports bars in the country dedicated to showing womens sports on its TVs.You look at all these sports now, theres undeniable excellence coming from women and Im just looking for all the ways that we can reinforce and build and do it in a way that makes sense with the community, Ohanian said in the post on X, formerly known as Twitter.Jenny Nguyen, founder of The Sports Bra, declined to give financial terms of the investment.Ohanian is the husband of Serena Williams, who won 23 individual Grand Slam championships during her legendary tennis career. The two have embraced team ownership opportunities with stakes in the NWSLs Angel City FC, and Los Angeles Golf Club (LAGC) of the Tiger Woods-Rory McIlroy-backed TGL.While Williams recently told CNN she is absolutely open to possible WNBA ownership, Ohanian is Angel Citys largest shareholder and Sportico valued the club at $180 million, the highest in the NWSL.Ohanians passion for womens sports extends into the collectibles world. He is the owner of tons of Williams memorabilia and he purchased the jersey New York Liberty guard Sabrina Ionescu wore during her 3-point shootout with Stephen Curry during NBA All-Star Weekend.In his post on X, Ohanian said that all returns from The Sports Bra investment will be reinvested into girls and womens sports.Ohanians 776 Foundation provides $100,000 grants to people ages 17-25 who have plans to combat climate change.