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Powerhouse Capital is a venture capital fund based in Los Angeles, founded in 2019. The firm focuses exclusively on global technology investment opportunities within the sports, media, and entertainment sectors. Powerhouse Capital emphasizes a specialized investment platform that leverages curated advisers and expertise to enhance outcomes for both entrepreneurs and investors.
As of now, Powerhouse Capital manages a portfolio of 20 companies, showcasing a strong exit track record with notable acquisitions such as Wondery by Amazon, The Athletic by The New York Times, and Epic! Kids by Byju’s. The firm operates on a global scale, positioning itself as a key player in the technology-driven sectors of sports and media.
Powerhouse Capital's commitment to creating long-term value for its portfolio companies and stakeholders is evident in its strategic approach to investments. The firm is recognized for its ability to enhance growth and operational outcomes through a network of curated advisers, providing strategic insights and industry expertise.
Powerhouse Capital invests in four primary pillars within the sports, media, and entertainment sectors: Sight, Sound, Play, and Live. This focused investment thesis is considered a competitive edge, allowing the firm to generate exceptional value and returns for its portfolio companies. The firm targets technology-driven opportunities that align with these pillars, ensuring a clear and coherent investment strategy.
The check sizes for investments are implied to be around $37 million on average, indicating a focus on later-stage co-investments rather than purely seed-stage funding. This suggests that Powerhouse Capital typically engages in Series A to C rounds, providing substantial capital to help companies scale effectively. The firm’s global mandate allows it to tap into diverse markets, enhancing its ability to identify and support innovative startups in the media and gaming sectors.
Powerhouse Capital has invested in a range of notable media and gaming companies, including:
This diverse portfolio reflects Powerhouse Capital's commitment to investing in technology-driven sectors that are poised for growth. The firm’s strong exit track record, with three of its notable portfolio companies being acquired by major corporations, underscores its effectiveness in identifying high-potential investments.
Salim Mitha: Managing Partner. Salim has extensive experience in venture capital and has led numerous successful investments in the media and entertainment sectors.
Ian Doody: Partner. Ian brings a wealth of knowledge in technology investments and has a strong background in supporting startups through their growth phases.
David Ma: Principal. David focuses on identifying high-potential investment opportunities and has a track record of successful deal sourcing.
Doug Del Bene: Principal. Doug specializes in operational support for portfolio companies, leveraging his industry expertise to drive growth.
Jill Royster: Marketing/Business Development Executive. Jill plays a key role in enhancing the visibility of Powerhouse Capital and its portfolio companies.
Tyler Ganim: Team Member. Tyler supports various operational functions within the firm, contributing to the overall success of the investment strategy.
Startups interested in pitching to Powerhouse Capital should use the contact form available on their website at powerhouse.vc/contact. It is recommended to include a comprehensive pitch deck that outlines the business model, market opportunity, and financial projections. Founders should expect a response within a reasonable timeframe, although specific timelines are not disclosed. Warm introductions are preferred but not mandatory.
Powerhouse Capital has been active in deploying capital, averaging approximately five rounds per year. The firm has made a total of 25 investments, with 20 companies currently in its portfolio. Recent notable exits include Wondery, acquired by Amazon, The Athletic, acquired by The New York Times, and Epic! Kids, acquired by Byju’s. These exits highlight Powerhouse Capital's strong track record in identifying and supporting high-potential companies.
What are Powerhouse Capital's investment criteria?
Powerhouse Capital focuses on technology investments in the sports, media, and entertainment sectors. The firm looks for companies that align with its four pillars: Sight, Sound, Play, and Live. They prefer later-stage investments, typically engaging in Series A to C rounds.
How can startups apply or pitch to Powerhouse Capital?
Startups can pitch to Powerhouse Capital through their website at powerhouse.vc/contact. It is advisable to include a detailed business plan and financial projections in the pitch deck.
What makes Powerhouse Capital different from other venture capital firms?
Powerhouse Capital distinguishes itself through its focused investment thesis and its use of curated advisers. This model allows the firm to provide strategic insights and industry expertise that enhance growth and operational outcomes for portfolio companies.
What is the geographic scope of Powerhouse Capital's investments?
The firm operates on a global scale, seeking investment opportunities in various markets around the world, particularly in technology-driven sectors.
What is Powerhouse Capital's post-investment involvement like?
Powerhouse Capital adds value to its portfolio companies through a network of curated advisers, providing ongoing support and strategic insights to help enhance growth and operational outcomes.
What is the average check size for investments made by Powerhouse Capital?
The average round size for investments is approximately $37 million, indicating a focus on later-stage co-investments rather than early-stage funding.
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