Sapphire Sport, a New York-based supplier of an funding platform on the intersection of expertise, sport, media and leisure, closed its Second Fund, at $181M.
Restricted Companions included returning buyers like anchor Metropolis Soccer Group, Sinclair Broadcast Group, adidas, Anschutz Leisure Group, Financial institution of Montreal, Intersect Capital, the possession of the Indiana Pacers, WISE Ventures (the funding fund of the Wilf household), Jeff Vinik (proprietor of the Tampa Bay Lightning) and Skyland Companions, amongst others. New buyers embody Madison Sq. Backyard Sports activities, Arctos Companions, Pentland Group, Gametime Capital, Stephen Kaplan (Chairman of Nalpak Capital), Stephen Pagliuca (Co-Chairman of Bain Capital, co-owner of the Boston Celtics), David Blitzer (proprietor of a number of groups) and CAZ Investments, amongst others.
Following its $117M preliminary fund introduced in January 2019, this new car will proceed to give attention to Seed to Sequence B corporations powering the following era of client conduct throughout media, digital commerce, gaming, well being and human efficiency, tradition and neighborhood.
Co-founded and led by Doug Higgins and Michael Spirito, Sapphire Sport backs Seed to Sequence B corporations and founders seeking to construct and scale corporations of consequence in these excessive development areas. Backers corporations embody Aglet, Breathwrk, Buzzer, GreenPark, Jackpot.com, Fevo, Flowhaven, Manticore, Market, Mixhalo, mycujoo (acquired by DAZN), Additional time, Phoenix Labs (acquired by Garena), PlayVS, POAP and Tonal.
The agency now has ~$300M in belongings underneath administration.