Le Lézard
Classified in: Science and technology, Business, Sports and recreation
Subjects: PER, VEN, CXP, FVT

HYPE Sports Innovation Expands Its VC Fund to the U.S., Appoints Gayatri Sarkar as Managing Partner


NEW YORK, Sept. 11, 2019 /PRNewswire/ -- HYPE Capital, which recently led the investment rounds of two promising startups "Fun with Balls" in Germany and "Tokabot" in Israel, is now expanding its VC fund in the US. HYPE Capital is the newly created venture fund on HYPE Sports Innovation which is the largest sports innovation ecosystem with 40K+ members from major sports brands, clubs, federations, academia including 11K+ sport startups and 14 HYPE Global SPIN® accelerators. HYPE is ready to unleash the "next unicorns of sports innovation" with Sports industry thought leaders like Bernd Wahler, former president of VfB Stuttgart who also served as Adidas CMO and Uli Becker, ex-president of Reebok.The investment committee of the fund is led by the global Forbes Midas top Israel's VC Yossi Sella. Yossi as the Chairman brings over two decades of fund management experience and is the Managing Partner of Gemini Ventures that has over $700M+ assets under management in five funds. 

HYPE Sports Innovation Expands its VC Fund to the U.S., Appoints Gayatri Sarkar as Managing Partner (PRNewsfoto/HYPE Sports Innovation)

"Sport is the only the truthful global language. To identify and vet sports innovation you need world class infrastructure and expert networks to scale such ideas. HYPE has built such infrastructure and continuing its path to offer deal flows that nobody can compete with," said Becker. 

HYPE Capital hired its new Partner in the US, Gayatri Sarkar, a venture capitalist with deep technology experience and sports VC background. "VC is a cyclical industry unlike Sports which is the biggest consumer ecosystem. As software is eating sports we will see more startups giving agility in this space with 5G. HYPE 's diversified portfolio across all geography is for the first time decentralizing sports investment opportunity which had remained mostly top heavy," said Sarkar. 

The Fund's current Partners are Amir Raveh and Stephan Niggemeyer. Stephan is an experienced entrepreneur and venture portfolio asset manager based in Germany. Raveh, President and Founder of HYPE Sports Innovation believes sports will continue to embrace technological change in the 2020s. He said, "HYPE Capital can create an unparalleled opportunity returns. I am confident that HYPE's vision ? to impact people's lives with the power of sports innovation ? will become a reality." 

HYPE Capital is arranging an exclusive Investors Cocktail Party at 4:30pm EST on Sept 18th during HYPE Sports Innovation sports-blockchain Demo-Day, 3-month-long accelerator program, in partnership with NYU Tisch Institute for Global Sports.

For more information please contact Ms. Gayatri Sarkar: Gayatri@hypesportsinnovation.com.

 

HYPE Sports Innovation logo (PRNewsfoto/HYPE Sports Innovation)

SOURCE HYPE Sports Innovation


These press releases may also interest you

at 06:00
Once again this Sunday, people traffic will replace car traffic as the streets become "paved parks" where people of all ages, abilities, and social, economic and ethnic backgrounds can get active and connect with their community and each other. Open...

at 05:00
A-to-Be USA, the U.S. subsidiary of Portuguese-based A-to-Be, announced today that the company was awarded a five-year contract by the Cameron County Regional Mobility Authority (CCRMA). CCRMA was created in 2004 by the...

at 05:00
"This is a really exciting time for Montage Media Production Company as we continue to grow in every direction. Being able to work with a young talent like Spencer has nothing but upside in my opinion. I believe Spencer deciding to retire from the...

at 02:27
Elbit Systems Ltd.  ("Elbit Systems") announced today that its U.S. subsidiary, Elbit Systems of America, LLC ("Elbit Systems of America"), completed the acquisition of the Night Vision business of L3Harris Technologies  ("Harris Night Vision") for a...

14 sep 2019
Capitol Securities Management, Inc. is pleased to welcome H. Edward Burgess Jr. (Ted) to the firm. Ted has 22 years of experience beginning his financial services career with Merrill Lynch in 1996. He holds FINRA Series 7, 63 and 65....

14 sep 2019
Once again this Sunday, people traffic will replace car traffic as the streets become "paved parks" where people of all ages, abilities, and social, economic and ethnic backgrounds can get active and connect with their community and each other. Open...



News published on 11 september 2019 at 14:53 and distributed by: