SeventySix Capital
Description
SeventySix Capital is a prominent venture capital firm headquartered in Conshohocken, Pennsylvania, uniquely positioned at the intersection of sports, technology, and entertainment. The firm is dedicated to investing in "smart and nice entrepreneurs" who are developing groundbreaking startups across sectors like sports betting, esports, media, and athlete performance. Their investment philosophy extends beyond capital, emphasizing active partnership and leveraging their extensive network within the professional sports industry, including team owners, leagues, and media executives, to accelerate the growth of their portfolio companies.
Primarily focusing on Seed to Series A stage companies, SeventySix Capital seeks out innovative solutions that are poised to disrupt the traditional sports landscape. They are known for their hands-on approach, providing strategic guidance, operational support, and access to key industry players. The firm also operates a venture studio, further demonstrating its commitment to fostering innovation and building new ventures from the ground up within the sports tech ecosystem.
In a significant development for their investment capacity, SeventySix Capital successfully closed its second fund, Fund II, at $50 million. This capital infusion enables them to continue backing promising startups with substantial resources. The firm typically deploys initial investments ranging from $500,000 to $2,500,000, with reserves for follow-on rounds, supporting a diverse portfolio that now includes over 30 companies. Their strategic investments aim to capitalize on the rapidly evolving and expanding global sports market.
Investor Profile
SeventySix Capital has backed more than 55 startups, with 1 new investments in the last 12 months alone. The firm has led 21 rounds, about 38% of its total and boasts 9 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Series A, Series Unknown rounds (top funding stages).
- Majority of deals are located in United States, Switzerland, Israel.
- Strong thematic focus on Software, Sports, E-Commerce.
- Led 1 rounds in the past year.
- Typical check size: $500K – $2.5M.
Stage Focus
- Seed (42%)
- Series A (18%)
- Series Unknown (15%)
- Series B (11%)
- Corporate Round (4%)
- Private Equity (2%)
- Debt Financing (2%)
- Pre Seed (2%)
- Post Ipo Equity (2%)
- Series D (2%)
Country Focus
- United States (96%)
- Switzerland (2%)
- Israel (2%)
Industry Focus
- Software
- Sports
- E-commerce
- Gaming
- Esports
- Mobile
- Health Care
- Fantasy Sports
- Video Streaming
- Fitness
Frequently Asked Questions
Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.
