Wave Sports + Entertainment, a sports and entertainment company with more than 110 million followers globally, has closed more than $27 million in Series B funding and added industry veteran Rich Battista to its board, the company announced today.

TZP Group led the round with participation from Crossbeam Venture Partners and GPS Investment Partners. Also joining the round are Verance Capital, led by Lyle Ayes, and Nimble Ventures, led by John Burbank. 2022 National Basketball Association Most Valuable Player Giannis Antetokounmpo of the Milwaukee Bucks joins the round as a strategic partner. Series B investors join existing investors Golden Ventures, Sweet Capital, and Henrik Kraft, as well as Cleveland Browns Quarterback Baker Mayfield, and sports personality and investor Jay Williams.