SeventySix Capital has formed a second venture capital fund focusing primarily on sports betting. Atlanta Falcons owner Arthur Blank, Pittsburgh Pirates owner Robert Nutting, the state of Pennsylvania and a slate of pro athletes are investors in the fund.
“This next fund is an important milestone as we continue building SeventySix Capital as the go-to investment company in the sports industry,” said Wayne Kimmel, SeventySix Capital Managing Partner, in a press release. The new fund has closed on its initial investments and is expected to be $50 million when fully capitalized, according to a spokesperson.
