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Sharp Alpha Advisors announced it has closed an oversubscribed $25 million fund to invest in early-stage sports, gaming and entertainment startups. Dubbed Sharp Alpha Fund II, this is the New York-based firm’s second fund after closing its first $10 million fund in 2021.
With Sharp Alpha Fund II, the firm plans to back about fifteen companies with see investments ranging from $1-2 million. As a result, the VC fund has the flexibility to double down on its investments in subsequent funding rounds. The firm made its first investment from Fund II in C15 Studio, the operator/distributor of Formula 1’s new streaming channel.
“The success of our first fund combined with growing recognition of the competitive entertainment opportunity have been key tailwinds for our fundraising process against a challenging backdrop,” said Lloyd Danzig, Managing Partner at Sharp Alpha Advisors, in an interview with GamesBeat. “Sports, gaming, and entertainment have become increasingly attractive sectors as investors gain line of sight to the profitability potential of new modalities.”
Lloyd Danzig is Sharp Alpha Advisors’ managing partner.
Sharp Alpha’s institutional backing
Sharp Alpha Advisors has a number of institutional backers and industry experts participating in Fund II. These include public companies, U.S. financial institutions, sports team owners, family offices, top venture capitalists, funds of funds, and more. Likewise, this expertise extends to the firm’s advisory board, which includes:
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Most of Sharp Alpha Advisors’ portfolio companies focus on betting.
While the fund’s gaming experience leans towards gambling and sports betting, its portfolio includes startups that blend these elements with video games. Sharp Alpha has invested into a number of casual skill-based real money gaming startups, including BigBrain and Golden Hearts Games. Additionally, it invested in Players’ Lounge — a skill-based real money gaming platform for popular sports, FPS and mobile video games — and Rimble — an AI-powered fan engagement solution fo …
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Join gaming leaders live this May 20-21 in Los Angeles to examine the strategies needed to adapt and excel in an ever evolving landscape, featuring insights from leading voices and thought leaders in the industry. Register here.
Sharp Alpha Advisors announced it has closed an oversubscribed $25 million fund to invest in early-stage sports, gaming and entertainment startups. Dubbed Sharp Alpha Fund II, this is the New York-based firm’s second fund after closing its first $10 million fund in 2021.
With Sharp Alpha Fund II, the firm plans to back about fifteen companies with see investments ranging from $1-2 million. As a result, the VC fund has the flexibility to double down on its investments in subsequent funding rounds. The firm made its first investment from Fund II in C15 Studio, the operator/distributor of Formula 1’s new streaming channel.
“The success of our first fund combined with growing recognition of the competitive entertainment opportunity have been key tailwinds for our fundraising process against a challenging backdrop,” said Lloyd Danzig, Managing Partner at Sharp Alpha Advisors, in an interview with GamesBeat. “Sports, gaming, and entertainment have become increasingly attractive sectors as investors gain line of sight to the profitability potential of new modalities.”
Lloyd Danzig is Sharp Alpha Advisors’ managing partner.
Sharp Alpha’s institutional backing
Sharp Alpha Advisors has a number of institutional backers and industry experts participating in Fund II. These include public companies, U.S. financial institutions, sports team owners, family offices, top venture capitalists, funds of funds, and more. Likewise, this expertise extends to the firm’s advisory board, which includes:
GB Event
Countdown to GamesBeat Summit
Secure your spot now and join us in LA for an unforgettable two days experience exploring the theme of resilience and adaptation. Register today to guarantee your seat!
Register Here
Most of Sharp Alpha Advisors’ portfolio companies focus on betting.
While the fund’s gaming experience leans towards gambling and sports betting, its portfolio includes startups that blend these elements with video games. Sharp Alpha has invested into a number of casual skill-based real money gaming startups, including BigBrain and Golden Hearts Games. Additionally, it invested in Players’ Lounge — a skill-based real money gaming platform for popular sports, FPS and mobile video games — and Rimble — an AI-powered fan engagement solution fo …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]