section_path: Other activities/Business ventures
section_name: Business ventures
paragraph_text: Business ventures
  
  In August 2009, Serena and Venus became minority owners of the Miami Dolphins after purchasing a small stake in the team. According to the Dolphins, they are the first African-American women to hold any amount of ownership in an NFL franchise. In 2014, Williams founded the venture capital firm Serena Ventures, which invests in start-up companies whose "perspectives and innovations level the playing field for women and people of color." As of 2022, Serena Ventures had raised more than $110 million.
  
  In July 2020, it was announced that Williams was part of a nearly all-women investors' group that was awarded a new franchise in the National Women's Soccer League, the highest level of the women's sport in the United States. Williams's husband Alexis Ohanian is classified as the "lead investor", but he holds a minority interest, and is the only man in the ownership group. Other owners in the group include prominent actresses, media figures, businesswomen, former members of the US women's national team, and Williams's eldest daughter. The new team began playing in 2022 as Angel City FC.
  
  In August 2009, Serena and Venus became minority owners of the Miami Dolphins after purchasing a small stake in the team. According to the Dolphins, they are the first African-American women to hold any amount of ownership in an NFL franchise. In 2014, Williams founded the venture capital firm Serena Ventures, which invests in start-up companies whose "perspectives and innovations level the playing field for women and people of color." As of 2022, Serena Ventures had raised more than $110 million.
  
  In July 2020, it was announced that Williams was part of a nearly all-women investors' group that was awarded a new franchise in the National Women's Soccer League, the highest level of the women's sport in the United States. Williams's husband Alexis Ohanian is classified as the "lead investor", but he holds a minority interest, and is the only man in the ownership group. Other owners in the group include prominent actresses, media figures, businesswomen, former members of the US women's national team, and Williams's eldest daughter. The new team began playing in 2022 as Angel City FC.