Professional women's volleyball is officially landing in Los Angeles, with LOVB announcing Wednesday that the league plans to launch an LA expansion team funded by Angel City investor — and Serena Williams's husband — Alexis Ohanian.
Ohanian's Seven Seven Six venture capital firm is behind the new club, adding to a portfolio that also includes track and field competition Athlos and NWSL-focused docuseries The Offseason, as well as the men's Los Angeles Golf Club.
"We're excited to make LOVB the third jewel in Seven Seven Six's LA sports family," Ohanian said in the league's expansion announcement. "Volleyball is such a natural addition for Southern California, which has already proven how warmly it embraces new pro sports teams."
LOVB wrapped its inaugural six-team season in April 2025, with the league's second season set to kick off in January 2026 before LOVB LA becomes the pro venture's seventh squad in 2027.
"We're thrilled to partner with Alexis and the Seven Seven Six team, true women's sports champions," said LOVB Pro president Rosie Spaulding, further acknowledging the impact of Ohanian's sports portfolio and investment acumen. "Their commitment strengthens the entire volleyball ecosystem, and marks an exciting new chapter for LOVB and the sport as a whole."
"We can't wait to work with them to bring professional women's volleyball to Southern California as we continue to grow the sport across the US."
Reddit co-founder Alexis Ohanian is Chelsea FC's newest owner, with the husband of tennis icon Serena Williams reportedly dropping £20 million ($26.6 million) on a 10% stake in the WSL champions earlier this week.
Ohanian is no stranger to investing in women's sports, from launching Angel City as the 2022 NWSL expansion club's majority owner to last year's founding of Athlos NYC, an annual women's track and field event with a $663,000 purse.
"I've bet big on women's sports before — and I'm doing it again," Ohanian posted on social media on Wednesday. "I'm proud to announce that I'm joining @ChelseaFCW as an investor and board member. I'm honored for the chance to help this iconic club become America's favorite @BarclaysWSL team and much, much more."
"These players are rewriting the game. Undefeated season. Eyes on the treble," said Ohanian about Chelsea FC's historic 2024/25 success. "But this isn't just about winning titles. It's about finally matching their talent with the resources, visibility, and respect they deserve."
Ohanian's investment comes amid soaring valuations for women's pro teams — with Chelsea's $257 million price tag ranking as the highest in all of women's soccer.
Calling Ohanian's buy-in "game-changing," Blues manager Sonia Bompastor told reporters on Thursday that "It's really important for the women's game but also for England to have someone to invest in a team like Chelsea."
"We want to be the leaders," she continued. "We want to be the team who shows to every other team how you need to perform and how you need to invest in the women's game."
Women's clubs still successful after splitting with men's teams
Ohanian's investment also indicates Chelsea's commitment to further distancing their women's team operations from their men's side, following last June's ownership move to place the women's squad under an independent subsidiary.
Though most European women's teams remain closely affiliated with their men's counterparts, severing ties is on the rise, with US billionaire Michele Kang assuming majority ownership over women's clubs Olympique Lyonnais and the newly promoted London City Lionesses in recent years.
With skyrocketing revenue — plus Kang's fleet proving that independence benefits women's teams — expect to see even more US investors eyeing women's sports opportunities abroad.