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New Sports Firm Aims To Invest In Startups

Velocity Capital Management is investing $50 million in early-stage companies.

Among Velocity’s founders are David Abrams, owner of Crystal Palace in the English Premier League, and Harris Blitzer Sports & Entertainment, owner of the NBA’s Philadelphia 76ers & NHL’s New Jersey Devils. 

Arne Reese is another co-founder who most recently ran a sports technology company called Sportradar. 

The company made its first investment in Camp NYC, which creates retail experiences based on popular kids’ shows.

Here is what the article states –

“The company’s stores, which are a mix of a shopping and interactive experience, are located in New York City, including its flagship location on Fifth Avenue, as well as in New Jersey, California and Texas.

Velocity said it has received investment capital from a variety of sources, including Delaware North, a private company with a portfolio that includes more than 50 entertainment and sports venues, sports betting sites and the NHL’s Boston Bruins. Other investors include Signify Wealth, an investment advisor with NFL clients; Remington Ellis, a sports marketing and talent agency; Bolt Ventures, a family office that invests in sports and entertainment in the U.S. and Europe; and RWN Management, the family office of Apollo Global Management co-founder Mark Rowan.”

Read the full story here

If a startup can make it past the early stages of development, it can accomplish anything.

How do we know? Kennected was one of Indianapolis’ primary startups before the COVID-19 pandemic.

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