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- Harris Blitzer Sports & Entertainment
Harris Blitzer Sports & Entertainment Valuation, Funding & Investors
Harris Blitzer Sports & Entertainment is valued at $3B as of October 2022.
Last Harris Blitzer Sports & Entertainment valuation
$3B
Secondary · Oct 2022
Key investors in Harris Blitzer Sports & Entertainment
David J. Adelman
About Harris Blitzer Sports & Entertainment
Harris Blitzer Sports & Entertainment is a Newark-headquartered sports and entertainment platform owning the NBA's Philadelphia 76ers, NHL's New Jersey Devils, and Prudential Center arena. The company manages operations for these assets, including ticket sales, sponsorships, and community initiatives through HBSE Ventures. Formed in 2017, it also holds stakes in the Baltimore Ravens and global esports teams.
Harris Blitzer Sports & Entertainment Valuation
Harris Blitzer Sports & Entertainment is currently valued at $3B, based on its secondary sale in October 2022.
The $250M round was led by David J. Adelman.
Harris Blitzer Sports & Entertainment valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Oct 2022 | Secondary | $3B |
Harris Blitzer Sports & Entertainment Funding History
Harris Blitzer Sports & Entertainment has 1 recorded secondary share sale and no primary funding rounds.
Harris Blitzer Sports & Entertainment funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2022 | Secondary | David J. Adelman (lead) | $250M | $3B | Harris Blitzer Sports & Entertainment (HBSE) owns the Philadelphia 76ers NBA franchise, New Jersey Devils NHL team, and related assets. In June 2022, HBSE sold a minority stake of more than 5% to Arctos Sports Partners, valuing the company at $3 billion. Arctos, a private equity fund with over $5 billion raised, gained the stake over an undisclosed period. This marked Arctos's first NHL investment alongside stakes in teams like the Tampa Bay Lightning and Minnesota Wild. |
Who has invested in Harris Blitzer Sports & Entertainment?
1 investor has backed Harris Blitzer Sports & Entertainment across its funding rounds, including David J. Adelman.
Lead investors include David J. Adelman.
Harris Blitzer Sports & Entertainment Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Harris Blitzer Sports & Entertainment
Harris Blitzer Sports & Entertainment has acquired 1 company to date.
Last acquisition by Harris Blitzer Sports & Entertainment was on June 7th 2019. Harris Blitzer Sports & Entertainment acquired Clutch Gaming for undisclosed valuation.
Latest Acquisitions by Harris Blitzer Sports & Entertainment
| Description | Clutch Gaming is an esports content site covering League of Legends LCS matches, player stats, and news. Acquired by a network managing hundreds of blogs, it delivers guides, rosters, and tournament recaps for North American pro scenes. The platform tracks data from 2013 seasons onward, serving fans of teams like Cloud9 and TSM. |
| HQ Country | |
| HQ City | Houston, TX |
| Deal Date | 7 Jun 2019 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Harris Blitzer Sports & Entertainment acquisitions and their M&A valuation multiples. Start Free Trial | |
Investments by Harris Blitzer Sports & Entertainment
Harris Blitzer Sports & Entertainment has invested in 3 companies to date.
Latest investment by Harris Blitzer Sports & Entertainment was on January 20th 2022. Harris Blitzer Sports & Entertainment invested in Wagr in their $12M Series A round.
Latest Investments by Harris Blitzer Sports & Entertainment
| Description | Wagr is a New York-based sports-betting app combining social media features with daily fantasy sports contests. Users participate in peer-to-peer wagers on NFL, NBA, and MLB games via the iOS and Android platform at wagr.us. | Artie is a mobile gaming platform distributing titles directly via social media and video apps like Instagram and TikTok. Bypassing Apple and Google stores, it uses WebAssembly for HTML5 delivery and in-app purchases through Stripe. Launched in 2022, it hosts casual games from indie developers reaching 5 million installs in Southeast Asia. | Proteus Motion is a physical rehabilitation technology developer optimizing movement using 3D resistance training and analytics. Hardware and analytics software fundamentally alter and improve how athletes rehabilitate and train through comprehensive movement data capture and analysis. |
| HQ Country | |||
| HQ City | Nashville, TN | Los Angeles, CA | New York City, NY |
| Deal Date | 20 Jan 2022 | 17 Feb 2021 | 3 Dec 2019 |
| Round | Series A | Seed | Seed |
| Raised | $12M | $10M | $4M |
| Investors | Villhard Growth Partners; Pear VC; Seven Seven Six; Greycroft; The Kraft Group; Charu Thomas; Karman Ventures; BITKRAFT Ventures | Jon Oringer; Manuel Bronstein; Scooter Braun; Chad Hurley; Long Journey Ventures; Matthew Ball; Cameron Winklevoss; Susquehanna International Group; Founders Fund; Warner Music Group; Shrug Capital | Dave Winfield; Monozukuri Ventures; Dick Boyce; Chris Capuano; Lauder Partners; John Kosner; Hospital for Special Surgery; David Stern |
| Valuation | undisclosed | undisclosed | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
This data is available for Pro users. Sign up to see all Harris Blitzer Sports & Entertainment investments and their VC round multiples. Start Free Trial | |||
Harris Blitzer Sports & Entertainment Competitors
Harris Blitzer Sports & Entertainment competitors include listed companies like Ollamani and Liberty Media, and private ones like Suning Sports, NZ Rugby, Matchroom and BSE Global.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $2.6B | - | ||
| Private | $174M | - | $2.1B | 12.3x | ||
| Private | - | - | $1.6B | - | ||
| Private | - | - | $6B | - | ||
| Publicly listed | $378M | $39M | $684M | 1.9x | ||
| Publicly listed | $4.5B | $1.4B | $23B | 5.9x |
Harris Blitzer Sports & Entertainment Public Comps
Harris Blitzer Sports & Entertainment is still privately-owned, but its public comps include Atlanta Braves Holdings, Manchester United, MSG Entertainment, Songcheng Performance, Pursuit, PVR INOX, Grupo CIE, Juventus FC, GL Events and Sphere Entertainment.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $732M | $98M | 5.6x | 5.3x | 42.0x | 62.0x | |||
| $895M | $302M | 4.9x | 4.8x | 14.4x | 14.5x | |||
| $1.1B | $197M | 4.3x | 4.2x | 23.0x | 17.3x | |||
| $337M | $204M | 5.4x | 5.7x | 8.9x | 9.2x | |||
| $452M | $110M | 3.6x | 3.4x | 14.7x | 12.6x | |||
| $689M | $225M | 2.8x | 2.7x | 8.7x | 8.3x | |||
| $317M | $99M | 2.5x | - | 7.9x | - | |||
| $602M | $125M | 2.1x | 2.2x | 10.1x | 10.3x | |||
This data is available for Pro users. Sign up to see all Harris Blitzer Sports & Entertainment competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Harris Blitzer Sports & Entertainment
| When was Harris Blitzer Sports & Entertainment founded? | Harris Blitzer Sports & Entertainment was founded in 2017. |
| Where is Harris Blitzer Sports & Entertainment headquartered? | Harris Blitzer Sports & Entertainment is headquartered in Camden, NJ, United States. |
| Is Harris Blitzer Sports & Entertainment publicly listed? | No, Harris Blitzer Sports & Entertainment is a private, VC-backed company. |
| What is Harris Blitzer Sports & Entertainment's valuation? | Harris Blitzer Sports & Entertainment was last valued at $3B in its secondary sale in October 2022. |
| Who are Harris Blitzer Sports & Entertainment's investors? | Harris Blitzer Sports & Entertainment's investors include David J. Adelman. |
| Which companies are comparable to Harris Blitzer Sports & Entertainment? | Companies comparable to Harris Blitzer Sports & Entertainment include Suning Sports, NZ Rugby, Matchroom, BSE Global, Ollamani and Liberty Media. |
| How many companies has Harris Blitzer Sports & Entertainment acquired? | Harris Blitzer Sports & Entertainment has acquired 1 company, including Clutch Gaming. |
| How many companies has Harris Blitzer Sports & Entertainment invested in? | Harris Blitzer Sports & Entertainment has invested in 3 companies, including Wagr, Artie and Proteus Motion. |
| What was Harris Blitzer Sports & Entertainment's last investment? | In January 2022, Harris Blitzer Sports & Entertainment invested in Wagr's $12M Series A alongside Villhard Growth Partners, Pear VC, Seven Seven Six and 5 other investors. |
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