Read previewVenture-capital firm Sharp Alpha Advisors has closed a new $25 million fund to invest in early-stage sports, gambling, and entertainment startups.
"And we think that at the intersection of sports, gaming, and entertainment is where this type of engagement is most reliably found."
AdvertisementSharp Alpha's new fund intends to invest $1 to $2 million in target ventures — an increase from the average $250,000 offered by its initial fund, Danzig said.
Danzig said C15 is a great example of the type of companies Sharp Alpha is looking to invest in.
Though the process was difficult, Danzig said he is "very fortunate to have our investors from fund one excitedly and enthusiastically re-upping into fund two."
Persons:
—, Lloyd Danzig, Danzig, Freevee, Sharp
Organizations:
Service, Sharp Alpha Advisors, Media, Business, Pluto, Sharp Alpha