Collaborative Fund Acquires Stake in DC United and Its Stadium

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Venture capital firm Collaborative Fund has purchased an ownership stake in Major League Soccer club D.C. United, along with a share in its stadium. The deal was led by firm founder Craig Shapiro, who framed the investment as a strategic opportunity for the fund's portfolio startups. Shapiro envisions the sports asset as a platform to showcase and promote the companies Collaborative Fund backs. The move follows a broader trend of venture capital firms, pioneered by Thrive Capital, expanding into professional sports ownership.

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