Sapphire Sport, an investment platform that focuses on technology, sport, and media has assembled several new investors to join their existing LPs.
They have also announced a $181M second fund vehicle, which was highly subscribed and is backed by prominent names in business, sport, and media.
This new initiative will continue to be focused on Seed to Series B companies that are transforming consumer behavior in media, digital commerce, and health, as well as culture and community.
Sapphire Sport was co-founded by Michael Spirito and Doug Higgins. It combines technology investment experience with an exclusive LP base that includes iconic brands from businesses, media, and sports around the world.
“When we launched Sapphire Sport in 2019, we believed that the sport, media and entertainment industries would be better served by an institutional investment approach to the sector, one that brought the experience and partnership of sport and entertainment stakeholders to venture capital. 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 couldn’t be prouder of this group of investors, and we believe that they would agree that harnessing new technologies to better understand the next generation of consumers has never been more important,” said Michael Spirito and Doug Higgins, Co-Founding Partners of Sapphire Sport.
All of this comes at a time when sports is seeing billions in investment head towards it.
Sapphire Sport invested in all companies including Aglet, Breathwrk and Buzzer, GreenPark. Jackpot.com, Fevo.com, Flowhaven.com, Manticore.com, Market, Mixhalo. Overtime, Phoenix Labs (acquired from Garena), PlayVS. POAP, Tonal.
