Scrum Ventures Completes ¥10 Billion Scrum Sports & Entertainment Fund I
Funding | Dec 17, 2024 | Scrum Ventures LLC
Scrum Ventures LLC has announced the completion of its inaugural theme-specific fund, the Scrum Sports & Entertainment Fund I, raising approximately ¥10 billion. This pioneering venture marks Scrum Ventures' first thematic fund and is set to target investment in sports and entertainment startups primarily in the United States and Japan. The fund underscores Scrum Ventures' strategic focus on innovation within the rapidly growing sports and entertainment sectors. Among the fund's highlighted areas of investment are mobility, fintech, IoT, and VR technologies, offering a comprehensive approach to nurturing new ventures capable of redefining these industries. Key investors in the fund include notable entities such as SBI, Sumitomo Corporation of Americas, and WOWOW, indicating a robust backing from both financial and industry sectors. The fund will support a variety of promising startups, including Arcturus, Misapplied Sciences, Project Admission, and Fever, to name a few, aiming to create a dynamic ecosystem for innovation and growth across its targeted domains.
Sectors
- Venture Capital
- Sports and Entertainment
- Technology
Geography
- United States – The fund targets investment in startups located in the United States, indicating a focus on this market for sports and entertainment ventures.
- Japan – Alongside the United States, Japan is also a primary target for investment by the Scrum Sports & Entertainment Fund I.
Industry
- Venture Capital – The article discusses the activities of Scrum Ventures in raising and managing a venture capital fund focused on sports and entertainment startups.
- Sports and Entertainment – Scrum Ventures' thematic fund is specifically focused on startups within the sports and entertainment sectors.
- Technology – The fund targets investments in advanced technologies including mobility, fintech, IoT, and VR, which are key components in the technological advancement of the sports and entertainment sectors.
Financials
- ¥10 billion – The total amount raised for the Scrum Sports & Entertainment Fund I.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Scrum Ventures LLC | PE Firm | Company | Scrum Ventures LLC is a private equity firm that has launched the Scrum Sports & Entertainment Fund I. |
| SBI | Investor | Company | SBI is among the key investors in the Scrum Sports & Entertainment Fund I. |
| Sumitomo Corporation of Americas | Investor | Company | Sumitomo Corporation of Americas is a key investor in the Scrum Sports & Entertainment Fund I. |
| WOWOW | Investor | Company | WOWOW is one of the notable investors supporting the fund. |
| Arcturus | Portfolio Company | Company | Arcturus is one of the startups targeted for investment by the fund. |
| Misapplied Sciences | Portfolio Company | Company | Misapplied Sciences is a participant being backed by the fund. |
| Project Admission | Portfolio Company | Company | Project Admission is part of the fund's investment portfolio. |
| Fever | Portfolio Company | Company | Fever is a startup included in the investment portfolio. |