Serena Williams and Alexis Ohanian build $111M venture portfolio across tech, beauty and women's sports

Serena Williams and Alexis Ohanian have expanded their business interests across venture capital, beauty, technology and sports, with investments spanning startups, retail and women's sports teams. Williams leads Serena Ventures, which raised a $111 million fund in 2022, and founded WYN Beauty, a makeup brand that launched in 685 Ulta Beauty stores in 2024. Ohanian runs Seven Seven Six, managing over $1.4 billion in assets, and co-owns Angel City FC, the Los Angeles Golf Club and ATHLOS, a women's track event. Serena Ventures focuses on early-stage companies, with 85% of portfolio founders being underrepresented, including investments in Esusu, Midi Health and Teal Health. Ohanian's sports investments include Angel City FC, valued at $250 million in 2024, and ATHLOS, which features an athlete-ownership model.