VERANCE CAPITAL MANAGEMENT LLC
VERANCE CAPITAL MANAGEMENT LLC is a Series A, Series B, Series C+ and growth-equity fund in the US and Europe investing in Fintech, sports, media, entertainment, live-entertainment, consumer-platforms, restaurants, hotels, leisure, talent-representation, production, marketing, ticketing, event-management, golf, content-management and sports-betting.
- Stages
- Series A, Series B, Series C+, growth-equity
- Sectors
- Fintech, sports, media, entertainment, live-entertainment, consumer-platforms, restaurants, hotels, leisure, talent-representation, production, marketing, ticketing, event-management, golf, content-management, sports-betting
- Invests in
- US-wide, Europe
- Actively investing
- Yes
- Founded
- 2021
Check size not disclosed
Thesis
Verance Capital Management LLC, established in 2021 and based in New York City, is a growth equity firm focused on the sports, media, and live entertainment industries. Their investment thesis centers on the resilience and valuation appreciation of live sports as an asset, driven by media rights inflation and scarcity. They actively invest in sports franchises, media rights, and consumer businesses within the sports ecosystem, seeking control or significant minority stakes in North American major league teams, European football clubs, and related platforms. Verance Capital employs a flexible, long-term approach, utilizing direct balance-sheet commitments and structured consortium deals, often co-investing. The firm maintains a concentrated portfolio with extended hold periods, targeting growth-stage capital for Series A through growth equity rounds. They leverage industry expertise and a global network to foster growth and build value. Specific AUM and check size details are not publicly disclosed, but they aim to partner with leading entrepreneurs and management teams.
Common questions
Does VERANCE CAPITAL MANAGEMENT LLC invest at the Series A stage?
Yes. VERANCE CAPITAL MANAGEMENT LLC lists Series A, Series B, Series C+ and growth-equity among the stages it invests in.
Where does VERANCE CAPITAL MANAGEMENT LLC invest?
VERANCE CAPITAL MANAGEMENT LLC invests in the US and Europe.