Big-name professional athletes are known for throwing money around almost as much as they throw balls, but it's not every day you hear about them investing in a social-networking site. Youth sports network Weplay, however, is an exception: Derek Jeter, Peyton Manning, and LeBron James have joined its $8.6 million Series B funding round, announced Tuesday.
The round was led by Deep Fork Capital, which has invested recently in mobile networking start-up Moblyng and visual search site SearchMe. In addition to the well-moneyed jocks, existing investor FirstMark Capital contributed.
Weplay's Series A round, announced earlier this year, … Read more