HomeUSASharp Alpha Advisors Closes Fund II, at Over $25M

Sharp Alpha Advisors Closes Fund II, at Over $25M

Sharp Alpha Advisors

Sharp Alpha Advisors, a New York City-based venture capital firm specializing in sports, gaming, and entertainment, closed Sharp Alpha Fund II, at $25m.

The vehicle is backed by public companies, US financial institutions, pro sports team owners, family offices, venture capitalists, and funds of funds, among others.

The fund targets seed investments ranging from $1 – 2m. In addition to investment capital, the firm provides portfolio companies with a suite of resources and opportunities spanning fundraising, revenue generation, brand awareness, commercial strategy, financial planning, and product development.

Led by Managing Partner Lloyd Danzig, Sharp Alpha also operates a co-investment vehicle that provides limited partners the ability to invest additional capital in select deals alongside the fund.

Existing investments in Fund II include C15 Studio, which recently emerged from stealth mode as the operator and distributor of Formula 1’s new streaming channel. Previous investments include Almost Friday Media, Jackpot.com, and Betcha (acquired by Vivid Seats).

Sharp Alpha’s advisory board includes Keith Horn, founder of Loring Capital Advisors and former COO of Elliott Management and Global Head of Leveraged Finance at Merrill Lynch; Emanuel Pearlman, the former Chairman of Empire Resorts and board member at several public companies; Daniel Bernard, Founder and Chairman of Redwood International Sports; Roy Behren, the President and Chief Investment Officer of a $5.2 billion asset manager; and Don Kornstein, the Vice Chairman of Caesars Entertainment and former executive at numerous gaming companies.