Robinhood, the online financial services and stock trading platform, will have jersey patch sponsorship deals with three NBA basketball franchises this season after adding the Miami Heat to its stable.

Under a multi-year agreement, the Robinhood patch will feature on all Heat jerseys, as well as the Sioux Falls Skyforce, the franchise’s G-League affiliate team.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The deal will provide Robinhood with exposure across multiple Heat communication channels and social media platforms.

The tie-up was brokered by the Klutch Sports Group agency.

Robinhood replaces Carnival Cruise Line which had a one-year deal with the Heat for the 2023-2024 season.

The financial services firm also recently agreed to a jersey patch sponsorship deal with the Memphis Grizzlies.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

The company also has a deal with the Washington Wizards, as well as the Washington Mystics of US women’s basketball’s WNBA.

The Heat will begin their 2024-25 regular season against the Orlando Magic on October 23.

The Florida team made the 2023-24 NBA playoffs before being knocked out by the Boston Celtics.