Left Lane Capital Said to Near Investment in Pro Padel League

Left Lane Capital LLC is in advanced talks to lead an investment round in Pro Padel League, according to people with knowledge of the matter, a sign the Brooklyn-based venture capital firm is betting big on emerging sports.

Specifics of the transaction, including the startup sports league’s valuation, couldn’t immediately be learned. Pro Padel League did not immediately respond to Bloomberg’s request for comment.

Left Lane Capital is “actively exploring opportunities” in sports leagues and properties, chief executive officer Harley Miller said in an emailed statement. “Padel is a sport with significant growth potential,” he said.

Padel, a racket sport ...