Scrum Ventures Unveils Sports & Entertainment Fund I Targeting Startups in US and Japan
Funding | Dec 17, 2024 | Scrum Ventures LLC
Scrum Ventures LLC has introduced the Scrum Sports & Entertainment Fund I, focused on investing in startups within the sports and entertainment sectors in the United States and Japan. The Fund aims to bolster innovation in these industries through strategic investments in a wide range of companies involved in sports, virtual reality, and entertainment technologies. Key players such as Sumitomo Corporation of Americas, TOHO Global, and SBI have partnered with Scrum Ventures to facilitate this fund, aiming to capture growth opportunities in these rapidly evolving markets. The fund places emphasis on technological advancement, looking at companies engaged in fields such as Mobility, Fintech, IoT, and VR. A diverse portfolio including Project Admission, Bandit Running, and Misapplied Sciences demonstrates the reach and versatility of their investment strategy.
Sectors
- Venture Capital/Private Equity
- Sports and Entertainment
- Technology
Geography
- United States – The fund targets startups within the United States, highlighting the geographic focus of the investment strategy.
- Japan – Japan is another focal point for investments, aligning with Scrum Ventures' international strategy and connections.
Industry
- Venture Capital/Private Equity – The fund is managed by Scrum Ventures LLC, a venture capital firm, indicating its focus on early-stage investments and growth in startups.
- Sports and Entertainment – The fund is specifically aimed at investing in startups related to sports and entertainment, signaling a particular interest in these industries.
- Technology – Involvement of companies in VR, IoT, and Mobility indicates a strong focus on technological advancements.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Scrum Ventures LLC | Private Equity Firm | PE Firm | A venture capital firm managing the Scrum Sports & Entertainment Fund I. |
| Scrum Sports & Entertainment Fund I, LP | Investment Fund | Fund | The fund established by Scrum Ventures to invest in sports and entertainment startups. |
| Sumitomo Corporation of Americas | Investor | Company | Partnered with Scrum Ventures to support the fund. |
| TOHO Global | Investor | Company | An investment partner in the fund. |
| SBI | Investor | Company | Part of the strategic partners in the fund. |
| Fever | Portfolio Company | Company | One of the companies within the investment portfolio. |
| TMRW Sports | Portfolio Company | Company | A sports-focused startup included in the portfolio. |
| Bandit Running | Portfolio Company | Company | A running-focused company part of the Scrum Ventures portfolio. |