Where Sapphire Sport will invest its second fund

Our most recent episode of ‘An Investor’s View’ features Michael Spirito, a founding partner and lead investor of Sapphire Sport, the $300m venture firm that counts City Football Group, adidas and AEG among its limited partners. With its first fund, deployed between 2018 and 2021, Sapphire invested in Sports Loft member company FEVO, among others. Now, having raised $180m from many of its original partners, plus some new names, Michael and the team are on the hunt for new opportunities. Yanni and Michael explore where Sapphire Sport hopes to find its next round of investments, how the firm’s thesis is being employed in the current market, and what advice Sapphire is giving to founders across its portfolio. -----This episode was recorded in May 2023