Dick’s Sporting Leads $120 Million Funding Round for Unrivaled

Unrivaled Sports, which owns a number of youth sports venues and events, is raising $120 million in a funding round led by the venture arm of retailer Dick’s Sporting Goods Inc.

As part of the arrangement set to be announced on Tuesday, Dick’s will be involved with the company’s board of directors and the two parties will explore partnership opportunities. The retailer was joined by sports investment firm Dynasty Equity, LionTree, Miller Sports and Entertainment and existing investor the Chernin Group in the round.

“There are plenty of opportunities from a cross-promotion perspective,” Unrivaled Sports Chief Executive Officer ...