$100 million boost for new pro league. League One Volleyball lands additional investment with first pro season nearing launch

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$100 million boost for new pro league. League One Volleyball lands additional investment with first pro season nearing launch
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Three investment groups have committed a combined $100 million in new funding for League One Volleyball, which owns dozens of junior clubs across the country and will operate a professional league that will launch in January.

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League One Volleyball, branded as LOVB and pronounced “LOVE,” on Thursday announced the Los Angeles-based private equity firm Atwater Capital is the lead investor and joined by existing New York-based investors Ares Management and Left Lane Capital.

“As the sport of volleyball continues to grow not just in size but in popularity, we are humbled to be rolling up our sleeves alongside leading investors like Atwater, Ares and Left Lane Capital to enable volleyball to become the next major league,” LOVB co-founder and CEO Katlyn Gao said.

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