Sharp Alpha closes $25M+ Fund II to back gaming, sports, media startups

Sharp Alpha Advisors announced it has closed an oversubscribed $25 million fund to invest in early-stage sports, gaming and entertainment startups. Dubbed Sharp Alpha Fund II, this is the New York-based firm’s second fund after closing its first $10 million fund in 2021.

With Sharp Alpha Fund II, the firm plans to back about fifteen companies with see investments ranging from $1-2 million. As a result, the VC fund has the flexibility to double down on its investments in subsequent funding rounds. The firm made its first investment from Fund II in C15 Studio, the operator/distributor of Formula 1’s new streaming channel.