David Abrams and Arne Rees have launched Velocity Capital Management, an investment fund focusing on the intersection of sports, media and entertainment. Angel, Fund of Funds, Venture Capital), Number of Investments the Individual has participated in, Announced Date: Date when the Investment is announced, Organization Name: Name of the organization that received the investment, Lead Investor: This field indicates whether an investor led/organized the investment, Funding Round: Name of the funding round where the Investment is made, Money Raised: Amount of money raised in Funding Round, Total number of current Jobs the person has, CB Rank (Hub): Algorithmic rank assigned to the top 100,000 most active Hubs, Total number of events the individual appeared in, Number of news articles that reference the Person, Senior Managing Director and Global Head of Tactical Opportunities, The Action Network is a sports media start-up that builds products and creates content to inform and entertain the sports bettor. Consulting Companies With More Than $10M in Revenue (Top 10K), Northeastern US Public Companies With Fewer Than 1000 Employees, Northeastern US Public Companies With More Than $500 in Revenue, United States Companies With More Than $100M in Revenue (Top 10K), Private Equity Firms with Investments in Pennsylvania, Finance Public Companies With Fewer Than 1000 Employees, United States Investors with Funds Raised in 2007, Number of portfolio companies associated to the Person, The organization associated to the person's primary job, Where the person is located (e.g. If you are having problems using this website, including problems accessing any portion of this site using screen reader technology, please call 215-952-7000 or email 76ersservice@76ers.com for assistance. The firm prefers to invest in the e-commerce, mobile, and education sectors. However, the positions of the two Supervisory Board members will not be filled. [24][25][26], Blitzer founded the Blitzer Family Foundation in 2014, which promotes youth development through education, athletics, and health. Exits Number of Exits 3 David Blitzer has 3 exits. For press inquiries, contact[emailprotected]. Its incredibly similar, Blitzer said at Wharton on the parallels between his role as an owner and leader of Tac Opps. In soccer, he has minority shares in Crystal Palace, a Premier League club in England. Private equity investors from Switzerland. BOLT VENTURES I LLC. BOLT VENTURES I LLC in Saratoga Springs, NY - Bizapedia 1991:Graduated magna cum laude from Penns Wharton School of Business1991:Started at Blackstone2001:Moved to England to build Blackstones European private equity business2007:Blackstone goes public2011:Blitzer returned to the United States2011:Purchased Philadelphia 76ers as member of investment group2013:Purchased majority stake in New Jersey Devils2014:Founded Blitzer Family Foundation with wife Allison to support youth development2014:Purchased 50% interest in New York Yankees AAA affiliate Scranton/Wilkes-Barre RailRiders with David Abrams2015:Took controlling stake in London soccer club Crystal Palace FC with Joshua Harris and Steve Parish2016:Purchased esports organization Dignitas with Joshua Harris2017:Formed Harris Blitzer Sports & Entertainment2018:Formed Elevate Sports Ventures in partnership with CAA and the San Francisco 49ers2020: Blitzer and Harris acquire minority stake in the Pittsburgh Steelers2022:Became co-owner of Real Salt Lake with Ryan Smith. Added Billie Jean King, Just Womens Sports is building on the foundation of earlier pioneers by creating a media platform that celebrates and elevates the incredible athletes and stories in womens sports. Boardroom is a media network that covers the business of sports, entertainment. Additionally, he is a General Partner of the Crystal Palace Football Club. The company intends to use the funds to continue to expand operations, content offerings and business reach. I dont know what that means but my sense is therell be benefits.. PHILADELPHIA - SEPT. 16, 2020 - Harris Blitzer Sports & Entertainment (HBSE), a dynamic organization comprised of premier sports and entertainment . Our strategy is focused on acquiring significant shareholdings in companies, with the objective of increasing long-term shareholder value. pic.twitter.com/5bCNPBUI6d, We take pride in hiring the best and brightest talent from a variety of backgrounds and industries with the goal of shaping a well-rounded, dynamic organization, Blitzer toldNBC Sports. Returning investors in JWS include Will Ventures, Kevin Durant and Rich Kleimans Thirty Five Ventures, OVO Fund, Supernode Global and Drive by DraftKings. By making the most of the media rights and scarcity value tied to professional sports, the kid who wanted to own the Sixers since he was seven is adding tangible value to teams in all arenas. Scott is a founding partner of Harkness Capital. Gametime Lands $30M - VC News Daily Bolt - Investing at the intersection of the digital and physical world Please click here if you would like more information about the cookies used on this website and how to change your cookie settings. | News matt@lippingroup.com / kevin@lippingroup.com, Just Womens Sports PR By Andrew Cohen 2.25.2020. David Blitzer graduated magna cum laude from the Wharton School of the University of Pennsylvania. Mr. Blitzer currently serves on the Boards of Dream, a youth development organization servicing more than 2,200 inner-city children, the Riverdale Country School, the Advisory Board of the Mount Sinai Surgical Department, the Board of Overseers at the Wharton School and the Board of Trustees at the University of Pennsylvania. He also worked in the mergers and acquisitions departments of Gleacher & Co. and Salomon Brothers. Case in point: Blitz bought into the Sixers in 2011 with a winning bid of $280 million. On the fan side, its one of the most important times in history to make it easier for people to connect with friends, families and communities.. During that decade, he had the ability to connect with his chosen high school sport soccer planting the seeds to own association footballl clubs in his future. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. . The Daily Deal Newsletter, Just Womens Sports Raises $6M in Funding, Liteboxer Raises $20M in Series A Funding. Matters for Bolt Ventures, an entity led by David Blitzer, in connection with its investments in Harris Blitzer Sports & Entertainment (HBSE) Ken has been recognized by The Legal 500 for his work in private equity buyouts. In addition to Alpha Wave Ventures, today's investment includes participation from new investor Mark Vadon, as well as returning investors SC.Holdings, David Blitzer's family office Bolt Ventures and Dr. Peter Attia. Get on our list for weekly sports business, industry trends, interviews, and more. Hofmann Investoren GmbH holds 99.4 percent of the shares in FC Augsburg GmbH und Co. KGaA. The round is led by Nimble Partners (including Golden State Warriors owner John Burbank), with additional investment by Maven Ventures, Accel, GV, Jeff Mallett (San Francisco Giants principal partner and Vancouver Whitecaps chairman and co-owner), Palapa Ventures, Bolt Ventures (David Blitzer, owner of Philadelphia 76ers and New Jersey Devils), Tenere Capital, Blitzscaling Ventures, Next Play . Ian spends all his free time hooping and he's heard on multiple occasions that Drake and Nas have read his work, so that's pretty tight. [4][5] Other notable members of the investment group were Art Wrubel, Jason Levien, Adam Aron, Martin J. Geller, David B. Heller, James Lassiter, Marc J. Leder, Michael G. Rubin, Will Smith, Jada Pinkett Smith, and Erick Thohir. Patriots owner Robert Kraft among investors in Premier - SportsPro Isaac Harrouche - Investment Principal - Bolt Family Office - LinkedIn This is a question that only Blitzer himself can answer, but he has not yet commented on it. For the entrepreneur, the investment in FCA represents a great opportunity to play a role in German soccer which is generally very difficult for investors to access. David Blitzer is the Co-Owner & Co-Managing Partner of the Philadelphia 76ers. Do a Google Image search for David Blitzer and youll see his likeness in front of some of the most recognizable logos in sports. There is no indication yet as to whether Bolt is involved in the sale. Harris Blitzer hires David Abrams to lead investment strategy team owners David Blitzer [New Jersey Devils, Philadelphia 76ers], GSW Sports Ventures [an affiliate of the Golden State Warriors], Steve Kaplan [D.C. United, Swansea City], Steve Koonin [Atlanta . With ticket sales closer to the start of the game or concert skyrocketing in popularity, Gametime has defined the last minute category and is the brand of choice for answering the questions: whats up tonight?. If the guy seems to be everywhere, thats because he is. David Blitzer is based in New York, having established Blackstones corporate private equity investment efforts in Europe. New additions to its roster of athlete investors include Allyson Felix, Abby Wambach, Sam Kerr, Lynn Williams, Paul RabilandApolo Ohno,among others. This is perhaps best seen by the Sixers hire of longtime Rockets front office boss Daryl Morey as President of Basketball Operations, though its said these same approaches will be taken in some form or fashion to his investments in hockey, esports, and soccer. Each year it grows so dramatically.. Here are 10 facts about RSL's new lead investor. Athletic Greens Scoops Up $115M - VC News Daily The company is projecting sales to exceed US$500 million in 2022, with ten of Gametimes highest revenue days occurring in 2022. Over the course of his career, he's been published by the likes of Complex, Jordan Brand, GOAT, Cali BBQ Media, SoleSavy, and 19Nine. Currently, Blitzer serves as the Global Head of Blackstones Tactical Opportunities group. Bolt Ventures is a family-owned venture capital firm which provides smart capital and pro-active hands-on support to fast-growing highly-scalable IT, Gaming & High Tech companies. This has proven true. bolt ventures david blitzer. Athletic Greens Raises $115M From Alpha Wave Ventures and Strategic [16] In 2022, Blitzer partnered with Ryan Smith to purchase Real Salt Lake of Major League Soccer. Led by CEO Haley Rosen, Just Womens Sports is a media platform dedicated exclusively to womens sports working through original podcast series, premium video programming, social media, online editorial content, a newsletter, and exclusive merchandise and live events. From its inception, Just Womens Sports has prioritized supporting and partnering with the athlete community. In addition to Alpha Wave Ventures, today's investment includes participation from new investor Mark Vadon, as well as returning investors SC.Holdings, David Blitzer's family office Bolt. New investors include tennis icon Billie Jean King; Washington Spirit owner Michele Kang; Bolt Ventures, the family office of financier and team owner David Blitzer; SC Holdings, a strategic entertainment investor thats backed The SpringHill Company and Front Office Sports; Revolutions Rise of the Rest Seed Fund; Muse Capital; Dapper Labs, the leading sports NFT platform; and other institutional and angel investors. View contacts for Bolt to access new leads and . Bolt includes on its ownership board Jahm Najafi and Jeff Moorad. Blackstone, established only six years prior to his arrival, proved fertile ground for Blitzers business acumen to flourish. Billionaire Joe Tsai, Billie Jean King Back Just Women's Sports Sie hat nichts mit dem vorherigen Besitzer zu tun. VP, VP, Finance. Both the Sixers and Devils, which live under the HBSE umbrella, have increased their value dramatically since Blitzer came on board. Through original podcast series, premium video programming, social media, online editorial content, a newsletter, and exclusive merchandise and live events, JWS is committed to making it both easy and fun to be a womens sports fan. Ive lived in many different places and many different countries, Blitzer shared at his introductory press conference for Real Salt Lake. 1. According to Forbes, the Sixers are now worth $2.5 billion. [11][12], In 2017, Blitzer co-founded Harris Blitzer Sports & Entertainment with Harris to consolidate their shared sports ventures. Team owners see opportunities to expand the market and future proof the industry with Gametimes younger audience as season ticket holders age. 30 May 2022 Rory Jones News Gametime SHARE THIS ARTICLE Ticketing platform Gametime has generated US$30 million in funding round. | Disclaimer Harris Blitzer Sports & Entertainment has named David Abrams its new head of investments. Copyright Bolt Ventures GmbH All Rights Reserved, Bolt Ventures GmbH Just Womens Sports original programming includes a series of athlete-hosted podcasts and video series, as well as social media, a website, a newsletter and live events. We knew the on-field product was great, and that womens sports just needed better coverage and smarter marketing to truly break into the mainstream. But what does Blitzer plan to do with FCA and how could the structures and approaches at the club now change? Portfolio News Full Portfolio >> Tonal JWS Founder and CEO Haley Rosen believes the additional funding is further proof that womens sports is entering a new era of investment and popularity, with JWS leading the way. Just Womens Sports, a Los Angeles, CA-based media platform dedicated exclusively to womens sports, raised $6M in funding. This was clearly the market that I wanted to make an investment in, Blitzer toldDeseret. This is certainly also an important point for the club, which stands for tradition. The round was led by Blue Pool Capital, Joe Tsai's family office, with participation from Billie Jean King, Michele Kang, Bolt Ventures, David Blitzer, SC Holdings, Revolution's Rise of the Rest. Shortly after acquiring Real Salt Lake and making those statements, the franchise made the news on major media outlets by signing the youngest homegrown player in MLS history in Axel Kei. LOS ANGELES--(BUSINESS WIRE)--Just Womens Sports, the leading media platform dedicated exclusively to womens sports, today announced that it has raised $6 million from new and returning investors. Seitzstrae 8e While the global game has long lived in the US as a commonly played sport, the viewership of the MLS does not compare historically to that of the NFL, NBA, or major overseas leagues. press@justwsports.com, Internet Explorer presents a security risk. Harris Blitzer Sports & Entertainment - Wikipedia Tac Opps is Blackstones opportunistic investment business which invests globally across asset classes and industries to generate attractive risk-adjusted returns in any market environment. The Blitzer Family Foundations ongoing mission is to strengthen communities by assisting young people in reaching their full potential. Gametime, an aggregated ticketing marketplace which is designed for last-minute buyers, confirmed it has now generated more than US$1 billion of sales since its launch, with its growth accelerating. SULO, Allied Waste, Aspen Insurance Holdings, Houghton Mifflin, Universal Orlando, Centerplate, Cadillac Fairview, Edward J. DeBartolo Corporation, Southern Cross, NHP, Orangina, and United Biscuits. A link has been emailed to you - check your inbox. We are independently minded and lead the first round of financing in over 90% of our investments. Founded by European and Brazilian entrepreneurs and investment specialists from several countries, the team has extensive knowledge of building and mentoring start-up businesses as we as in seed and angel investments, having managed Mountain do Brasil Investments SCA for the last 2 years out of Sao Paulo. Blitzer will not be given a seat on the Supervisory Board or any other post with the Augsburg-based company. For years, many viewed owning professional sports teams as a vanity piece, similar to acquiring fine art. Mr. Krase co-founded each of the funds, was a member of the firms investment committee and has served as a lead participant on numerous creditor committees. One keyword here is internationalization. By making his mark in many markets, Blitzer became a marquee member of the 37-year-old investment firm that now manages $650 billion worth of assets and owns 250 companies. Blitzer is also the co-owner of Real Salt Lake of Major League Soccer and a minority owner of the Cleveland Guardians of Major League Baseball. Previously, he shared responsibility for the portfolio management activities of Oak Hill Advisors, a NY based asset manager with over $20 billion of assets under management. Marketing and sponsoring on the American market are difficult for small clubs like FCA to implement, but Blitzer and his company will open doors. A similar spike has been seen in his investment in the Devils, bought for $320 million in 2013 and now valued at $775 million. David Blitzer - Blackstone