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Acies Investments is a venture capital firm based in Manhattan Beach, California, founded in 2020. The firm focuses exclusively on the sports wagering, sports technology, iGaming, and esports industries. Acies was established by seasoned operators and entrepreneurs, including Jim Murren, the former Chairman & CEO of MGM Resorts International. This founding team brings over a century of combined experience in operations, entrepreneurship, and deal-making.
As of now, Acies Investments has made 27 investments and operates primarily within the United States, although some portfolio companies, like Midnite, are based internationally. The firm holds state gaming licenses, which enhances its credibility and operational capabilities in the gaming sector. Acies Investments aims to provide strategic guidance and capital to its portfolio companies, ensuring they can navigate the complexities of their respective markets.
Acies Investments specializes in industry-dedicated venture capital, focusing on sectors such as sports wagering, sports technology, iGaming, and esports. The firm offers a range of services, including advisory support, financing, and mergers and acquisitions (M&A) expertise. Acies aims to optimize long-term capital structures for its portfolio companies and assist them in crafting sustainable strategies tailored to their specific industries.
The firm operates primarily within the United States, although it has made investments in international companies. Acies Investments does not seek control ownership in its portfolio companies; instead, it acts as a value-add minority investor. This approach allows Acies to provide network access, M&A expertise, and introductions to key hires, which are critical for the growth and success of startups in the competitive sports and gaming sectors.
Acies Investments has built a diverse portfolio of 27 companies, primarily within the sports wagering and esports sectors. Notable investments include:
This portfolio reflects Acies' commitment to covering the full spectrum of the sports wagering stack, from platforms and technology infrastructure to compliance and integrity solutions.
Jim Murren - Co-founder and Managing Partner. Murren is the former Chairman & CEO of MGM Resorts International, bringing significant credibility and experience in the gaming and wagering sectors.
Dan Fetters - Managing Partner. Fetters has extensive experience in venture capital and entrepreneurship, contributing to Acies' strategic direction and investment decisions.
Edward King - Managing Partner. King has a strong background in operations and deal-making, enhancing Acies' ability to source and evaluate investment opportunities.
To pitch Acies Investments, founders should visit their website at aciesinvestments.com or email Info@aciesacq.com. It is recommended to include a comprehensive business plan, financial projections, and details about the team and market opportunity in the pitch deck. Founders should expect a response within a few weeks, and warm introductions are preferred but not mandatory.
As of October 2023, Acies Investments has made 27 investments in the sports wagering and esports sectors. The firm continues to expand its portfolio, leveraging its industry expertise and network to identify promising startups. Jim Murren's involvement remains a significant credentialing signal for the firm, enhancing its reputation among limited partners and potential investees.
What are Acies Investments' investment criteria?
Acies Investments focuses on companies within the sports wagering, sports technology, iGaming, and esports sectors. They seek to invest in startups that demonstrate strong growth potential and innovative solutions within these industries.
How can I apply or pitch to Acies Investments?
Founders can pitch their ideas by visiting the Acies Investments website at aciesinvestments.com or by emailing Info@aciesacq.com. It is advisable to include a detailed business plan and financial projections in the pitch.
What makes Acies Investments different from other venture capital firms?
Acies Investments differentiates itself through its exclusive focus on the sports wagering and esports sectors, leveraging deep industry expertise and a partnership-oriented approach. The firm does not seek control ownership, allowing it to act as a value-add minority investor.
What is the geographic scope of Acies Investments?
While Acies Investments primarily operates within the United States, it has also invested in international companies, such as Midnite, which is based in the UK.
What kind of post-investment involvement does Acies Investments have?
Acies Investments provides significant value to its portfolio companies through network access, M&A expertise, and introductions to key hires. This partnership-oriented approach ensures that startups receive the support they need to grow and succeed.
What is the typical check size for investments made by Acies Investments?
Specific check sizes are not disclosed, but Acies Investments is known to provide funding across various stages of growth, from seed to later-stage investments.
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