Sharp Alpha Advisors has closed its first $10m sports betting fund
Sharp Alpha Advisors has closed in(p) its first off $10m sports betting fund.
Led by managing partner Harold Lloyd Danzig, the consultive firm, which specialises inward sports betting, mainly invests inward early-stage gambling engineering companies. So far it has made 11 investments which include motorsport phantasy operator GridRivel, play exchange Prophet and free-to-play political platform PickUp.
The mathematical group intends to spend half of the $10m on initial commitments and hold the repose for review investments into several portfolio companies.
Sharp Alpha offers both capital, and strategic advice, to smaller tech providers and platforms that appear to breakthrough.
Danzig explained: “We are backed by some of the largest VC funds in the full world, ones that everyone has heard of, and that’s important because that is what allows us to assist guide our portfolio companies. Not just inward the seed and Series a rounds that we’re participating in, but then helping hand cancelled those portfolio companies to our backers who are the experts inward Series B, Series C, IPO and beyond.”
Alpha Advisors has assembled an consultative gameboard of manufacture and financial executives, consisting of Don River Kornstein (Vice Chairman of Caesars), Keith Horn (former COO of Eliott Management), Book of Daniel Claude Bernard (a adventure partner at Mindspring Capital) and X Bette Davis (a former Executive at Harris Blitzer Sports and Entertainment).
The group says it is already working on a endorsement investment vehicle (which could live another fund, a holding company, or both).
Danzig concluded: “My conjecture is that those will clear up ahead of time next twelvemonth when we’re done making the initial investments out of monetary fund one.”