The Los Angeles Dodgers and advertising agency R/GA will unleash the five startups in the Dodgers Accelerator at demo day in Downtown LA. The startups in the 2nd class of the accelerator program received up to $120K in investment in exchange for a 6% equity stake and mentorship from 80+ industry professionals which include the likes of Magic Johnson, Jeanie Buss, Troy Carter, Matt Withelier, and Nihal Mehta, in addition to office space in R/GA’s offices in LA.
“The overwhelming success of the Dodgers’ first sports and entertainment accelerator opened our eyes to the profound impact that today’s rising technology companies can have on sports,” said Dodgers’ President and CEO Stan Kasten. “We’re committed to bringing the best new experiences to our fans, and the best new technologies to our team. We also are excited to use the Dodger brand and our organizational reach to help these young companies grow.”
“The ingenuity that the Dodgers and R/GA witnessed in the 10 companies selected to participate in the first accelerator has made our decision to continue the program an easy one,” said Dodgers’ Chief Financial Officer Tucker Kain. “The response we received for our first class from across the sports and technology industry was a strong validation of the value of the program and we look forward to continuing this momentum with the next class.”