Christian Angermayer has a bold new vision for the future of athletic competition. And now, he’s bringing it to Wall Street.
What’s happening:
- Enhanced Games has entered into a business combination agreement with A Paradise Acquisition Corp (NASDAQ: APAD) to become a publicly listed company
By the numbers:
- The new SPAC transaction is expected to give Enhanced Games up to $200M USD in new growth capital
- Enhanced Games has also raised $40M USD through a SAFE concurrently with the SPAC deal
Why it matters:
- Enhanced Games is the first athletic competition ever that allows athletes to use performance enhancing drugs and steroids as long as they are legal in their country of origin and can be supervised by licensed doctors
Going deeper:
- Co-founder of psychedelic drug development company Atai Beckley (NASDAQ: ATAI) Christian Angerymayer is one of the founders of Enhanced Games
- Some of the most successful venture capital investors in the world are also early backers of Enhanced Games including Peter Thiel and Balaji Srinivasan
The intrigue:
- Donald Trump Jr’s venture capital fund 1789 Capital is also an investor in Enhanced Games
