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Verance Capital is a venture capital firm founded by Lyle Ayes, focusing on growth stage investments in the United States. Established to partner with entrepreneurs and management teams, the firm provides capital to companies within the sports, media, and live entertainment sectors. Verance Capital aims to support innovations that are shaping the future of these industries.
Currently, Verance Capital manages a portfolio of nine companies, showcasing its commitment to fostering growth in dynamic sectors. The firm employs a flexible and long-term investment approach, leveraging its industry expertise and global network to enhance the success of its portfolio companies. Verance Capital's notable milestones include significant investments in companies that have made substantial impacts in their respective fields.
Verance Capital invests primarily in the growth stage of companies operating within the sports, media, and live entertainment sectors. The firm seeks to identify businesses that demonstrate potential for significant growth and innovation. Its investment strategy is characterized by a flexible approach, allowing for adaptability in deal structures and investment sizes.
Check sizes typically align with the growth stage, providing sufficient capital to support scaling operations and market expansion. Verance Capital emphasizes the importance of industry expertise and a global network, which it leverages to assist portfolio companies in navigating challenges and seizing opportunities. The firm looks for founders who are passionate, driven, and possess a clear vision for their companies.
Verance Capital's portfolio includes nine notable companies, each contributing to the firm's focus on sports, media, and live entertainment:
Verance Capital has also achieved notable exits with companies such as:
Lyle Ayes: Founder & CEO of Verance Capital, Lyle has extensive experience in venture capital and a strong background in the sports and media sectors.
Julian Kershaw-Weih: Principal at Verance Capital, Julian brings expertise in investment analysis and portfolio management, having worked with various startups in the media space.
Jeremy Hoffman: Principal at Verance Capital, Jeremy specializes in growth stage investments and has a track record of successful partnerships in the live entertainment sector.
Parker Levi: Senior Associate at Verance Capital, Parker focuses on sourcing new investment opportunities and supporting portfolio companies in their growth strategies.
John Skipper: Co-Founder of Meadowlark Media and member of the Advisory Board, John has significant experience in media and sports, providing strategic insights to Verance Capital.
Sophie Goldschmidt: President & CEO of U.S. Ski & Snowboard and Advisory Board member, Sophie contributes her expertise in sports management and organizational leadership.
Malcolm Turner: Head of Strategy & Corporate Development at DraftKings and Advisory Board member, Malcolm offers insights into the intersection of technology and sports.
To pitch Verance Capital, founders should use the contact form on their website or email info@verancecap.com. A comprehensive pitch deck should include details about the business model, market analysis, and team qualifications. Response times may vary, but founders can expect to hear back within a few weeks.
In recent months, Verance Capital has been actively engaged with its portfolio companies. Notable developments include the acquisition of Challenge Family by the Professional Triathletes Organisation, which highlights the firm's commitment to supporting growth in the triathlon sector.
Additionally, Range Sports has successfully acquired Superfly, further expanding its capabilities in talent management and production. These activities demonstrate Verance Capital's proactive involvement in fostering growth and innovation within its portfolio.
What are Verance Capital's investment criteria?
Verance Capital focuses on growth stage companies within the sports, media, and live entertainment sectors. The firm seeks businesses that demonstrate strong potential for growth and innovation.
How can I apply or pitch to Verance Capital?
Founders can pitch to Verance Capital through their website at verancecap.com or by emailing info@verancecap.com. A detailed pitch deck outlining the business model, market opportunity, and team is recommended.
What makes Verance Capital different from other investors?
Verance Capital emphasizes a flexible and long-term investment approach, leveraging industry expertise and a global network to support its portfolio companies. This enables them to provide tailored support to entrepreneurs.
What is the geographic scope of Verance Capital's investments?
The firm primarily invests in companies based in the United States, focusing on sectors that are rapidly evolving and have significant growth potential.
What is the typical check size for investments?
While specific check sizes are not disclosed, Verance Capital invests in the growth stage, which typically involves larger capital commitments to support scaling operations.
What kind of post-investment involvement does Verance Capital have?
Verance Capital actively engages with its portfolio companies, providing strategic guidance and leveraging its network to assist in business development and growth initiatives.
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