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Acies Investments is a venture capital firm established in 2020 and headquartered in Manhattan Beach, California. Founded by a team of seasoned operators and entrepreneurs, including Jim Murren, the former Chairman & CEO of MGM Resorts International, Acies focuses exclusively on the sports wagering, sports technology, iGaming, and esports sectors. The firm has quickly positioned itself as a key player in these industries, leveraging its founders' extensive experience to provide both capital and strategic guidance to its portfolio companies.
Currently, Acies Investments manages a portfolio of 27 companies, reflecting its commitment to investing in high-potential startups within its focus areas. The firm operates primarily in the United States but also engages with international opportunities, such as its investment in Midnite, a UK-based esports betting platform. Acies Investments is known for its partnership-oriented approach, emphasizing collaboration and support for its portfolio companies rather than seeking control ownership.
Acies Investments specializes in industry-dedicated venture capital, focusing on the sports wagering, sports technology, iGaming, and esports sectors. The firm provides a range of services, including advisory support, financing, and mergers and acquisitions (M&A) expertise. Acies aims to optimize long-term capital structures and assist portfolio companies in developing sustainable strategies tailored to their unique market challenges.
The firm primarily invests as a minority stakeholder, avoiding control ownership aspirations. This approach allows Acies to act as a value-add partner, offering network access, M&A expertise, and introductions to key hires. Acies Investments seeks to identify startups that demonstrate strong growth potential and align with its focus sectors, ensuring that its portfolio remains competitive and innovative.
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 Investments' commitment to covering the full spectrum of the sports wagering stack, from platforms and technology infrastructure to integrity and compliance solutions.
Jim Murren - Co-founder and Managing Partner. Jim Murren is the former Chairman & CEO of MGM Resorts International, bringing significant credibility and expertise in the gaming and wagering sectors. His leadership experience and industry connections are invaluable assets for Acies Investments.
Dan Fetters - Managing Partner. Dan Fetters has extensive experience in venture capital and entrepreneurship, contributing to Acies' strategic direction and investment decisions.
Edward King - Managing Partner. Edward King also brings a wealth of experience in the industry, enhancing Acies' operational capabilities and investment strategies.
All partners at Acies Investments hold state gaming licenses, further solidifying the firm's credibility and expertise in the sports wagering and gaming sectors.
To pitch Acies Investments, founders should visit their website at aciesinvestments.com and submit a detailed pitch deck. The deck should include information about the business model, market opportunity, competitive landscape, and team background. Direct inquiries can also be sent to Info@aciesacq.com.
Founders should expect a response time that varies based on the volume of submissions, but it is advisable to follow up if no response is received within a reasonable timeframe. Warm introductions are preferred, as they can enhance the likelihood of a favorable review.
As of October 2023, Acies Investments has made significant strides in the sports wagering and esports sectors. The firm has completed 27 investments, showcasing its commitment to identifying high-potential startups. Notable portfolio companies include Underdog Fantasy, Simplebet, and Nerd Street Gamers, which reflect Acies' focus on innovative solutions within these industries.
Jim Murren's involvement continues to be a key credentialing signal for the firm, enhancing its reputation among limited partners and potential portfolio companies. Acies Investments remains actively engaged in sourcing new deals and providing support to its existing portfolio, ensuring that it remains at the forefront of the rapidly evolving sports technology landscape.
What are Acies Investments' investment criteria?
Acies Investments focuses on startups within the sports wagering, sports technology, iGaming, and esports sectors. The firm seeks companies that demonstrate strong growth potential and align with its industry expertise. Acies typically invests as a minority stakeholder, providing value-added support rather than seeking control ownership.
How can I apply or pitch to Acies Investments?
Founders can pitch to Acies Investments through their website at aciesinvestments.com. It is advisable to include a comprehensive deck that outlines the business model, market opportunity, and team background. Direct inquiries can also be sent to their email at Info@aciesacq.com.
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 provides significant value through M&A expertise, network access, and strategic guidance, which are often unavailable to generalist VCs.
What is the geographic scope of Acies Investments?
While Acies Investments primarily operates within the United States, it also engages with international opportunities, as evidenced by its investment in Midnite, a UK-based esports betting platform.
What is the typical check size for investments made by Acies Investments?
Specific check sizes are not disclosed, but Acies Investments typically invests across various stages, suggesting a range that accommodates seed through growth stage companies.
What kind of post-investment involvement can portfolio companies expect?
Acies Investments takes a partnership-oriented approach, providing ongoing support through strategic guidance, introductions to key hires, and M&A expertise. The firm aims to optimize long-term capital structures for its portfolio companies.
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