CAA VENTURE MANAGEMENT, LLC

Thesis

CAA Venture Management, LLC, also known as CAA Ventures, was a venture capital firm founded in 2013 and based in Los Angeles, California. It focused on early-stage technology companies, particularly within the consumer internet sector, with a thesis centered on supporting 'consumer-obsessed, culture-forward, and tech-powered companies.' The firm aimed to back entrepreneurs in media, sports, and entertainment, emphasizing mobile platforms, social media, online video, publishing, games, and e-commerce. CAA Ventures typically invested in pre-seed, seed, and Series A rounds, from idea stage to companies with active users, and generally participated as a co-investor rather than a lead. The geographic scope was primarily the United States. The firm was a partnership between Creative Artists Agency (CAA) and New Enterprise Associates (NEA). Specific AUM details are not available, but one fund, 'Connect Ventures I, L.P.', raised approximately $117.6 million. The typical check size was around $250,000, with investments ranging from $25,000 to $20 million, and some deals noted between $10 million to $50 million. The firm was acquired or merged on June 24, 2020. The parent entity, CAA, is headquartered at 2000 Avenue of the Stars, Los Angeles, CA 90067.