Sapphire Sport Again Convenes Big Names in Sport, Business and Entertainment to Raise Oversubscribed $181M Second Fund Platform taking AUM to ~$300M(1)
Retrieved on:
Wednesday, January 25, 2023
Investment, Sport, Sapphire, Madison Square Garden Sports, Indiana Pacers, Culture, Bank, Health, Consumer, Pentland Group, Partnership, Nature, Bank of Montreal, History of the Indiana Pacers, LP record, Boston Celtics, Name, Wilf, Participation, Sinclair Broadcast Group, City Football Group, AEG, Tampa Bay, Tampa Bay Lightning, Cryptocurrency, Overtime, Bain Capital
NEW YORK, Jan. 25, 2023 /PRNewswire/ -- Sapphire Sport, an early-stage investment platform at the intersection of technology, sport, media and entertainment, has convened several new investors to join existing LPs from their first fund platform to announce an oversubscribed $181M second fund vehicle (2) backed by major names across sport, business and media. Following its $117M initial fund vehicle (3) announced in January 2019, which includes investments in companies like Overtime, Tonal and Fevo, this new effort will continue to focus on Seed to Series B companies powering the next generation of consumer behavior across media, digital commerce, gaming, health and human performance, culture and community.
Key Points:
- Co-founded and led by Doug Higgins and Michael Spirito, Sapphire Sport pairs technology investment experience with a unique LP base of iconic brands across global sport, business and media.
- Alongside our LPs, we believe we have built Sapphire Sport into a leading partner for early-stage companies at the intersection of technology and these large markets.
- "We have navigated through some very tricky markets together, and Sapphire Sport has added value and been extremely supportive every step of the way."
- Statements above have been provided by executives of portfolio companies in which Sapphire Sport has invested.