Major League Cricket secures $120M funding from Microsoft CEO and others to launch in U.S.

(Major League Cricket Photo)

Major League Cricket is tapping into the tech and business communities to secure major funding for its planned launch in the U.S.

The league announced Wednesday that it has raised an initial $44 million Series A/A1 round and secured $76 million more to put $120 million toward getting professional cricket off the ground.

Microsoft CEO Satya Nadella and Soma Somasegar, managing director of Seattle’s Madrona Venture Group, are among the lead investors. Nadella has previously spoken of the passion he has had for the sport since childhood.

MLC plans to use the funds primarily to build premier cricket-specific stadiums and training centers “to develop a new generation of American star cricketers,” the league said in a news release. The infrastructure, which includes plans to build a facility at Marymoor Park in Redmond, Wash., will “transform the landscape for professional cricket and enable the United States to host global events over the next decade and beyond.”

The Seattle region is already home to three adult cricket leagues with more than 3,500 members. A booming interest in youth programs, which GeekWire profiled in 2019, has attracted 500 players. A Minor League Cricket team called the Seattle Thunderbolts, backed by tech investors, also got up and running last year.

All of these teams and programs would use the Marymoor Cricket Community Park, a multi-purpose facility that could also host professional cricket events, including Major League Cricket, U.S. National Team and potential World Cup and other major international matches.

“I share the vision Major League Cricket has for the launch of a world-class T20 cricket league and the potential for the United States to become one of the leading cricket nations in the world,” Somasegar said in a statement. “I am delighted to be part of a dynamic group of investors who will help the sport reach that level through an unprecedented commitment of resources by MLC to developing the sport.”

Other investors include: Anand Rajaraman and Venky Harinarayan, founding partners at Milliways Ventures and Rocketship VC; Sanjay Govil, founder and chairman of Infinite Computer Solutions and CEO, Zyter; Anurag Jain, managing partner of Perot Jain, LP, chairman of Access Healthcare; Ross Perot Jr., chairman, The Perot Group; Tanweer Ahmed, CEO, PAK Foods, CEO, OUR Energy and owner of Prairie View Cricket Complex; and the Baheti Family, owners of YASH Technologies.

See also  Feast on facts: USAFacts serves its annual helping of real data to help steer holiday discussions

Hi, I'm Vikky Penn, currently working on msiu.info. This is my personal Blog, where I will share the tips and knowledge that I have learned. If you have any questions, please contact me at Email: [email protected]! Thank you !

Related Posts

‘We have Leonardos among us’: DaVinci exhibit shows Seattle region’s spirit of innovation

The DaVinci’s Inventions exhibit opens at the Museum of History and Industry in Seattle on Saturday. (GeekWire Photos / Laurel Deppen) An international exhibit showcasing newly-built works…

Real estate riches: Paul Allen’s Hawaii estate sells for $43M; Oprah home gets $14M on Orcas Island

Paul Allen at the University of Washington in 2017. (GeekWire File Photo / Todd Bishop) High-priced real estate with Northwest connections has changed hands for top dollar…

Seattle Thunderbolts take cricket to the next level as tech backers follow dream to grow sport in U.S.

The Seattle Thunderbolts pose for a photo after receiving new jerseys. (Seattle Thunderbolts Photo) Cricket fans in the Seattle area now have a team to get behind…

Melinda French Gates cheers on future son-in-law at Olympics as he competes in equestrian for Egypt

Nayel Nassar and Jennifer Gates, oldest daughter of Bill and Melinda French Gates. (Instagram Photo via @nayelnassar) Melinda French Gates is paying special attention to the Tokyo…

Paul Allen superyacht Octopus finally sells after being listed for nearly $300M

Seattle may have landed the Kraken, but someone else is taking over the Octopus. The 414-foot superyacht that once belonged to Paul Allen, the late Microsoft co-founder…

Extra high tech in Seattle: Photos show worker at tip of Space Needle spire installing new PanoCam

A worker is visible atop the Space Needle spire with the Seattle skyline as a backdrop. (Space Needle Photo) There’s Seattle tech, and then there’s Seattle high…

Leave a Reply

Your email address will not be published.