The Skills wants to be the master class on sports and life.

The Los Angeles-based startup launched two months ago and offers classes from gold medal Olympians — including swimmer Michael Phelps and volleyball player Kerri Walsh Jennings — and Grand Slam tennis Champion Maria Sharapova.

On Friday, it announced that it closed a $5 million seed round to expand its online sports education platform. Investors include Boston-based Will Ventures, Global Founders Capital, 8VC, Maveron, Hack VC and Correlation VC.

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Wave, an entertainment technology company that turns performers into digital avatars and puts them on virtual stages where they can entertain and interact with fans, announced a $30 million series B fundraise on Wednesday.

The L.A.-based company has now raised $40 million total.

Live performances typically comprise upwards of 70% of musicians' incomes. With in-person shows shuttered amid the coronavirus pandemic, the music industry has been embracing new ways to generate revenue and drive fan engagement. Wave represents one such channel.

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