TGL parent company TMRW Sports is finalizing a new funding round that will value the business at north of $1 billion, Front Office Sports has learned.
That’s double the company’s valuation from just two years ago, when it closed a Series A round that valued the business at nearly $500 million. TMRW Sports, formed in 2022 by Tiger Woods, Rory McIlroy, and former Golf Channel president Mike McCarley, was reportedly valued at $650 million in a funding round last year. That round was led by Silver Lake’s co-CEOs, Egon Durban and Greg Mondre, as well as Patrick Whitesell’s WTSL, according to CNBC Sport.
Discussions between TMRW and some investors—including high-net-worth individuals—have been taking place since at least around the World Cup final in July, one source says. The round has “significant institutional support,” says another. Three sources tell FOS that Dynasty Equity, which co-led the 2024 Series A, will participate in the new funding. Additional individual investor identities were not clear. The other firm that co-led the Series A was Connect Ventures. Representatives for Dynasty and Connect did not immediately respond to requests for comment.
TMRW is the parent company of men’s indoor golf league TGL and the upcoming women’s indoor golf league WTGL. It’s also the firm the NFL chose to develop and operate its planned pro flag football league for women and men.
