US basketball league, NBA, invests in Videocites to scale content generation product

Videocites has announced closing the first round of a Series B funding, which was led by Velocity Capital Management, a New York City equity firm that focuses on sports, media, and entertainment.

This was contained in a press release forwarded to Ripples Nigeria.

The round, according to the company, was backed by Infront Sports & Media AG, a Series A investor, and NBA Equity, the NBA’s investment arm.