The PWHL is taking on two prominent names in North American sports as its first two investors in reaching a major milestone in the privately backed league’s fast-rising trajectory, and representing yet another sign of women’s hockey’s promising future.

The PWHL is taking on two prominent names in North American sports as its first two investors in reaching a major milestone in the privately backed league’s fast-rising…

The Professional Women’s Hockey League has taken outside capital for the first time, adding two sports empires to its cap table.

Kilmer Sports Ventures is led by Larry Tanenbaum, who brought the WNBA to Toronto, while the Illitch family owns the Detroit Red Wings.

The PWHL is expanding faster than expected, doubling its teams to 12 ahead of its fourth season. Executive Stan Kasten says the league's rapid growth is due to increased…