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MSG Sports, Arctos among investors in Sapphire Sport $181m equity round

Sapphire Sport, the early-stage venture capital fund managed by Sapphire Ventures, has raised $181m (€166m) in an oversubscribed second investment round, led by major stakeholders across the sports, business and media industries.

Participation includes returning investors such as City Football Group, Sinclair Broadcast Group, Adidas, Anschutz Entertainment Group, Bank of Montreal, Intersect Capital, the ownership of the Indiana Pacers, Wilf family investment fund WISE Ventures, Tampa Bay Lightning owner Jeff Vinik, and Skyland Partners.

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