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Overload Golf Venture Fund Launches with aboutGolf Acquisition
KIRKLAND, Wash., July 16, 2018 /PRNewswire/ -- Overload Golf Ventures, a private venture firm focused on technology innovation in the golf industry, is expanding its global footprint by forming aboutGolf Global. AGG has acquired aboutGolf LTD to further its goals of developing unique opportunities in the golf industry by expanding the indoor golf and entertainment experience into new markets and demographics.
"This acquisition underscores aboutGolf Global's commitment to driving innovation in golf and beyond as well as making the indoor golf experience more accessible to more people," said aboutGolf Global's CEO Randall Henry. "We want to reimagine the way people experience golf."
Ken Kamada, General Partner of Overload Golf Ventures explained that "The golf industry generates well over $70B annually in the U.S. and despite conventional wisdom, recent Forbes data/a> from 2017 points to growth in the game with over 32 million active players domestically. We see an opportunity to capitalize on a growing youth golf demographic (one of only two growing youth sports in the past 5 years) along with a highly sophisticated and mobile-centric younger generation to bring cutting-edge products and technologies over the next decade."
Brett Campbell, co-founder of enterprise software company, Nintex, which was recently acquired by private equity firm Thoma Bravo, will assume the role of Executive Chairman of the Board of Directors and company. He said, "We at Overload Golf Ventures are committed to building on the foundations built by aboutGolf and its partnerships with some of the greatest innovator's in the industry to be a leader bringing golf into the future."
ABOUT OVERLOAD GOLF VENTURES
Overload Golf Ventures ("OGV") is venture capital firm led by general partners who come from finance, technology and golf. The first fund, Overload Golf Ventures Fund I, is a $25 million fund focused on deploying capital to innovative companies in golf to bring access and grow the industry. aboutGolf is one of a few companies OGV has already invested in. The fund will have an initial close of the fund in the fall of 2018.
To contact Overload Golf Ventures email us at [email protected] or visit us on the web at www.overloadgolf.com.
 View original content:http://www.prnewswire.com/news-releases/overload-golf-venture-fund-launches-with-aboutgolf-acquisition-300681617.html
SOURCE Overload Golf Ventures
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