Sharp Alpha Advisors
Description
Sharp Alpha Advisors is a New York-based venture capital firm dedicated to investing in the rapidly evolving sports, gaming, and entertainment sectors. Established to capitalize on the significant growth within these industries, the firm primarily targets early-stage companies, focusing on Seed and Series A rounds. Their investment thesis centers on identifying innovative startups at the intersection of technology and the burgeoning landscape of sports betting, iGaming, fantasy sports, and broader sports technology.
The firm distinguishes itself through its deep industry expertise and extensive network, providing portfolio companies with strategic guidance and access to key stakeholders in addition to capital. Sharp Alpha Advisors seeks to partner with founders who are developing disruptive technologies and business models that are poised to reshape how consumers engage with sports and gaming content. Their thematic approach allows them to identify promising ventures that align with the future trends of the digital entertainment economy.
Sharp Alpha Advisors has successfully raised two dedicated funds to support its investment activities. Sharp Alpha Fund I closed in 2021 with $10 million in committed capital, demonstrating early conviction in their specialized focus. Building on this success, the firm announced the closing of Sharp Alpha Fund II in July 2023, which secured $20 million, significantly expanding their capacity for new investments. Typically, Sharp Alpha Advisors deploys first checks ranging from $250,000 to $1 million, aligning with their strategy of supporting high-potential, early-stage companies through critical development phases.
Investor Profile
Sharp Alpha Advisors has backed more than 28 startups, with 3 new investments in the last 12 months alone. The firm has led 9 rounds, about 32% of its total and boasts 2 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, Canada, United Kingdom.
- Strong thematic focus on Sports, Gaming, Fantasy Sports.
- Led 2 rounds in the past year.
- Typical check size: $250K – $1M.
Stage Focus
- Seed (61%)
- Series A (25%)
- Series Unknown (4%)
- Undisclosed (4%)
- Angel (4%)
- Pre Seed (4%)
Country Focus
- United States (89%)
- Canada (7%)
- United Kingdom (4%)
Industry Focus
- Sports
- Gaming
- Fantasy Sports
- Software
- Casino
- Media And Entertainment
- Gambling
- Esports
- Mobile Apps
- Information Technology
Frequently Asked Questions
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