Alexis Ohanian Signals French Focus Amidst Surging £245 Million Women's Sports Valuation

Alexis Ohanian, co-founder of Reddit and a prominent venture capitalist, has hinted at a deeper engagement with the French sports landscape, tweeting, "> FRANCE 🇫🇷 let’s talk future of sports." This social media post aligns with Ohanian's expanding portfolio in sports technology and women's athletics, signaling potential new ventures or discussions in the European nation. His firm, Seven Seven Six, has been a significant force in redefining sports investment.

Ohanian's commitment to undervalued sports assets is well-documented, notably through his lead role in Angel City FC, a National Women's Soccer League team now valued at $250 million. More recently, he acquired an 8% stake in Chelsea Women FC for approximately £20 million, valuing the club at an estimated £245 million. This investment underscores his belief in the substantial growth potential of women's sports, which he views as a critical and often overlooked market opportunity.

The "future of sports" theme in Ohanian's tweet likely encompasses technological innovation. His firm, Seven Seven Six, recently led a $5 million seed round for ScorePlay, an AI-powered media infrastructure company for sports organizations, which plans to open a Paris office. Ohanian has previously stated that artificial intelligence will "evolve the way we consume content" in sports, emphasizing the human element of live competition.

Ohanian's interest in France is not new; his initial deep dive into women's football was sparked by the 2019 Women's World Cup held in the country. His strategic investments aim to leverage technology to enhance fan engagement and professionalize women's sports globally. The tweet suggests that France could be a key region for his continued efforts to merge technology, investment, and the evolving landscape of sports.