Kobe Bryant has set up a $100 million venture capital fund

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Retired basketball player Kobe Bryant has set up a $100 million venture capital fund that will make investments in technology, media, and data companies, The Wall Street Journal reported.

Bryant has teamed up with tech entrepreneur and investor Jeff Stibel to launch Bryant Stibel, which will be based in Los Angeles.

They are not currently seeking outside funding.

The two have already invested in 15 businesses together since 2013, including sports media website The Players Tribune, telemarketing software company RingDNA, and video game design firm Scopely.

They hope the fund will offer a complementary combination of their skill sets. Stibel is perhaps best-known as the former chief executive of public tech company Web.com. He has also founded a number of other tech and marketing companies and is a brain scientist.

RELATED: Kobe Bryant's career through the years

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CLEVELAND - FEBRUARY 8: Kobe Bryant #8 of the Los Angeles Lakers soars for a dunk during the 1997 Nestle Crunch Slam Dunk Contest on February 8, 1997 at the Gund Arena in Cleveland, Ohio. NOTE TO USER: User expressly acknowledges that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License agreement. Mandatory Copyright Notice: Copyright 1997 NBAE (Photo by Andrew D. Bernstein/NBAE via Getty Images)
CHICAGO, UNITED STATES: Los Angeles Lakers guard Kobe Bryant(L) and Chicago Bulls guard Michael Jordan(R) talk during a free-throw attempt during the fourth quarter 17 December at the United Center in Chicago. Bryant, who is 19 and bypassed college basketball to play in the NBA, scored a team-high 33 points off the bench, and Jordan scored a team-high 36 points. The Bulls defeated the Lakers 104-83. AFP PHOTO VINCENT LAFORET (Photo credit should read VINCENT LAFORET/AFP/Getty Images)
NEW YORK CITY - FEBRUARY 8: Kobe Bryant #8 of the Los Angeles Lakers dunks during the 1998 NBA All-Star Game played on February 8, 1998 at Madison Square Garden in New York City. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory Copyright Notice: Copyright 1998 NBAE (Photo by Steve Freeman/NBAE via Getty Images)
03/02/98 - MCI Center - Lakers' Kobie Bryant(L) listens to teammate Shaquille O'Neal as they sit on the bench during game against the Wizards. - Photo By Rich Lipski TWP (Photo by Rich Lipski/The Washington Post/Getty Images)
USA - 1999: Kobe Bryant #8 of the Los Angeles Lakers attempts a layup during a 1999 NBA game. NOTE TO USER: User expressly acknowledges that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License agreement. Mandatory Copyright Notice: Copyright 1999 NBAE (Photo by Rocky Widner/NBAE via Getty Images)
LOS ANGELES - JUNE 19: Shaquille O'Neal #34 and Kobe Bryant of the Los Angeles Lakers pose with Lakers legend Magic Johnson after winning the NBA Championship trophy after defeating the Indiana Pacers in Game Six of the 2000 NBA Finals on June 19, 2000 at Staples Center in Los Angeles, California. NOTE TO USER: User expressly acknowledges that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License agreement. Mandatory Copyright Notice: Copyright 2000 NBAE (Photo by Nathaniel S. Butler/NBAE via Getty Images)
28 Dec 2001: Kobe Bryant #8 of the Los Angeles Lakers chilling out before their game against the Toronto Raptors at the Staples Center in Los Angeles, California. DIGITAL IMAGE. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, User is consenting to the terms and conditions of the Getty Images Licence Agreement. Mandatory copyright notice: Copyright 2001 NBAE. Mandatory Credit: Catherine Steenkeste/ NBAE/ Getty Images
Kobe Bryant of the Los Angeles Lakers celebrates victory following Game 5 of the NBA Finals against the Orlando Magic at Amway Arena on June 14, 2009 in Orlando, Florida. The Lakers won the National Basketball Association championships defeating Orlando 99-86 for their 15th title and first since 2002. Bryant had 30 points, eight rebounds and six assists as the Lakers completed a four-games-to-one victory in the best-of-seven NBA Finals. AFP PHOTO / Emmanuel Dunand (Photo credit should read EMMANUEL DUNAND/AFP/Getty Images)
LOS ANGELES - FEBRUARY 27: Kobe Bryant #8 of the Los Angeles Lakers goes up for the shot over Ben Wallace #3 of the Detroit Pistons during the game at Staples Center on February 27, 2003 in Los Angeles, California. The Lakers defeated the Pistons 95-85. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory copyright notice: 2003 NBAE. (Photo by: Andrew D. Bernstein/NBAE/Getty Images)
SAN ANTONIO - MAY 7: Kobe Bryant #8 of the Los Angeles Lakers answers questions from the press after Game two of the Western Conference Semifinals against the San Antonio Spurs during the 2003 NBA Playoffs at SBC Center on May 7, 2003 in San Antonio, Texas. The Spurs won 114-95. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. Copyright 2003 NBAE (Photo by D. Clarke Evans/NBAE via Getty Images)
Kobe Bryant answers questions during a press conference held at the Lakers training facility in El Segundo, Calif.. Thursday, July 15, 2004. Bryant chose the Lakers over the Clippers, remaining with the team he joined in 1996 at age 18 and later helped win three NBA championships. (Photo by Steve Grayson/WireImage)
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Bryant on the other hand, is expected to offer his creative and marketing expertise — he even designed the Bryant Stibel logo himself.

In an interview with The Wall Street Journal, Bryant noted that people may draw the comparison between his fund and that of New York Knicks player Carmelo Anthony, who set up early-stage investment fund Melo7 Tech Partners, or his former Los Angeles Lakers' teammate Shaquille O'Neal, who has also made a series of investments in invested in technology and media startups.

Bryant said: "I think it's interesting that the immediate reaction from people would be competitiveness between myself and others. I'm more interested in how I can help Shaq, Melo [Anthony] or [NBA player Andre] Iguodala."

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