Penny Jar Capital, the early-stage investment firm backed by basketball star Stephen Curry, has filed paperwork with the SEC to raise a second fund, as first reported by TechCrunch. The filing for Fund II doesn’t list a specific target amount and also submitted a separate filing for a related entity called Fund II Collective. Both filings were made in October, signaling Penny Jar’s commitment to expanding its portfolio. As Penny Jar’s anchor investor and special advisor, Curry helps the firm source investment opportunities and works behind-the-scenes to drive impact for the portfolio
New York Giants defensive end Kayvon Thibodeaux has been named a venture partner in The Collectiv, a new $20 million venture capital fund focused on early-stage sports tech companies and emerging leagues. Strategic Investment for Life After Football Thibodeaux’s partnership with The Collectiv reflects his broader ambition to establish a strong business presence while still actively competing in the NFL, as first reported by Spotico. The fund, which aims to raise $20 million over the next six months, includes a consortium of athletes, sports executives, and industry leaders from major
The National Football League has announced its partnership with Ice Cube’s Contract With Black America Institute (CWBA) to support Black-owned businesses and increase diversity amongst NFL vendors. In addition, the partnership aims to boost the economic equity within Black communities by tackling the wealth gap and offering various opportunities in the financial, tech, and production sectors. The CWBA was launched in 2020 by rapper, actor, and filmmaker Ice Cube, alongside his business partner and entertainment lawyer, Jeff Kwatinetz, and works to address the systemic racism in the sports industry. In
