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Founded in 2013, Causeway is a growth-stage venture capital firm based in Cambridge, Massachusetts. The firm specializes in investing in companies within the sports, fitness, media, and gaming sectors. With approximately $390 million in assets under management across three funds, Causeway has established itself as one of the earliest dedicated sports-tech VC funds in the United States.
The firm has a strong focus on leveraging its extensive operator networks and domain expertise to support its portfolio companies. Causeway's founding team includes experienced professionals with deep ties to the sports industry, enhancing its ability to provide valuable insights and connections to its investments. Notable milestones include the successful fundraising of Fund III, which raised $211.3 million, demonstrating strong investor confidence in the firm's strategy and execution.
Causeway primarily invests in growth-stage companies, particularly in the sports and fitness sectors. The firm targets companies that are at the Series B+ stage, with an average disclosed round size of approximately $88.5 million. This focus allows Causeway to provide substantial capital to help companies scale effectively.
Investment sectors include sports media and technology, fitness and wellness platforms, gaming, and media and entertainment, with 38% of the portfolio categorized under media. Causeway seeks to create value-added partnerships by leveraging its extensive experience and networks, which enhances the growth potential of its portfolio companies. The firm looks for founders who demonstrate strong leadership and a clear vision for their companies, as well as a commitment to innovation and market disruption.
Causeway's portfolio consists of 15 companies, showcasing a diverse range of investments in the sports, fitness, media, and gaming sectors. Notable portfolio companies include:
These investments reflect Causeway's commitment to supporting innovative companies that are shaping the future of sports and fitness.
Wyc Grousbeck: Co-Founder & Partner. Grousbeck is also a co-owner of the Boston Celtics and has over 25 years of experience in the sports industry.
Bob Higgins: Co-Founder & Partner. Higgins is a veteran VC partner with more than 25 years of experience in venture capital.
Mark Wan: Co-Founder & Partner. Wan has over 25 years of experience in sports and media investing, contributing significant expertise to the firm.
Dave Poltack: Partner & Chief Financial Officer. Poltack oversees financial operations and strategy at Causeway.
Wendy Cooper: Executive Assistant to Wyc Grousbeck, providing administrative support and coordination.
Jossette Curtis: Executive Assistant to Mark Wan and Dave Poltack, assisting with operational tasks.
Patty McKinnon: Executive Assistant to Bob Higgins, facilitating communication and scheduling.
To pitch to Causeway, founders should use the preferred channel of their website at causeway.vc or email info@causeway.vc. The pitch deck should include a comprehensive overview of the business model, market analysis, and financial projections. Founders can expect a response within a few weeks, and warm introductions are encouraged to enhance the likelihood of engagement.
In recent activity, Causeway participated in the Series D funding round for FloSports, which closed with record revenue for 2024. This investment highlights Causeway's ongoing commitment to supporting its portfolio companies as they scale.
Since its founding in 2013, Causeway has successfully raised and deployed three funds, demonstrating a consistent ability to attract capital and support growth-stage companies in its target sectors.
What are Causeway's investment criteria?
Causeway focuses on growth-stage companies primarily in the sports, fitness, media, and gaming sectors. They look for companies that are at the Series B+ stage and have a clear growth trajectory.
How can I apply or pitch to Causeway?
Founders can pitch to Causeway through their website at causeway.vc or by emailing info@causeway.vc. It's recommended to include a detailed business plan and financial projections in the pitch deck.
What makes Causeway different from other VC firms?
Causeway is one of the earliest dedicated sports-tech VC funds in the U.S., combining capital with extensive operator networks and domain expertise to support its portfolio companies effectively.
What is Causeway's geographic scope?
The firm primarily invests in North America, focusing on companies that are positioned to capitalize on the growing sports and fitness markets.
What is Causeway's post-investment involvement like?
Causeway provides strategic guidance and operational support to its portfolio companies, leveraging its industry networks to help them navigate growth challenges and capitalize on market opportunities.
What is the typical check size for investments?
Causeway typically participates in rounds with an average disclosed round size of approximately $88.5 million, allowing them to provide substantial capital to their portfolio companies.
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