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Kimmel and Stender named Top Sports Venture Capitalists by Insider
Kimmel and Stender named Top Sports Venture Capitalists by Insider
SeventySix Capital is investing in people driving technology like artificial intelligence, augmented reality, and mixed reality in sports betting and sports tech. The firm has invested in 10 companies in the past year, usually giving between $250,000 and $1 million.
Founded in 1999, the firm has had a sports tech and gaming focus since 2016. SeventySix Capital has invested in more than 25 sports companies, helping to grow and sell four of them in the past couple of years. It has built a network of execs, influencers, and professional athletes that helps entrepreneurs navigate the sports landscape.
Recent exits include: the sports betting broadcast and content company Vegas Sports Information Network, Inc., which sold in 2021 to DraftKings; the sports-betting startup Vigtory, which sold in 2021 to FuboTV, now called Fubo; and video company C360 that has worked with major sports leagues and broadcasters, which sold in January to tech company Cosm.
The firm is based near Philadelphia, and Stender previously worked for the Philadelphia Flyers. Kimmel is an author and podcast host. On his show, he talks with sports business leaders, with recent guests including the presidents of the Pittsburgh Pirates, the president of marketing at Fox Sports, and the vice president of sports betting and fantasy at ESPN.
Key investments:
U.S. Integrity, a sports-wagering monitoring company that helps prevent fraud
Odds On Compliance, which specializes in sports betting and gambling regulatory compliance
Swish Analytics, a sports data and analytics provider
Diamond Kinetics, a sports tech company focused on baseball and softball