Evolution Media

Evolution Media is a distinctive multi-stage investment company operating at the nexus of technology, content, lifestyle, media, and sports sectors. Formed as a joint venture between TPG Growth, the middle market and growth equity platform of global alternative asset firm TPG, and Creative Artists Agency (CAA), the world's leading entertainment and sports agency, Evolution Media leverages the deep industry expertise and extensive networks of its parent entities. This unique structure provides portfolio companies with not only capital but also unparalleled strategic guidance and access within the entertainment, media, and sports ecosystems. The firm is headquartered in Los Angeles, aligning with its industry focus.

The firm primarily targets growth-stage opportunities, seeking to invest in companies that are demonstrating significant traction and are poised for substantial expansion. Evolution Media's investment philosophy emphasizes identifying disruptive businesses and innovative technologies that are reshaping their respective industries. Their approach involves providing substantial capital alongside strategic support to accelerate growth, facilitate market penetration, and optimize business models. This focus on later-stage companies means they typically engage in Series C, D, and later rounds, rather than early-stage seed or Series A investments.

Evolution Media has demonstrated its capacity for significant capital deployment through its participation in high-profile funding rounds. For instance, the firm played a key role in the $300 million Series D funding round for daily fantasy sports giant DraftKings in 2015, underscoring its commitment to the burgeoning sports technology sector. Furthermore, Evolution Media led the $75 million Series C round for fuboTV in 2016, a live TV streaming service, showcasing its leadership in the digital content and media space. These investments highlight Evolution Media's strategy of backing companies with strong growth potential and market-leading positions, leveraging the combined financial prowess of TPG Growth and the strategic insights of CAA to drive value creation.