Sharp Alpha Unveils New $150M Fund Targeting Online Betting, Sports, More
Posted on: October 6, 2025, 01:05h.
Last updated on: October 6, 2025, 01:05h.
- Firm is looking to deploy $150 million in capital over the next two years
- Company is targeting stakes in online entertainment and wagering entities
- Sharp Alpha has previously invested in betting companies
Sharp Alpha said it closed a new investment vehicle after having raised $150 million in capital that could be directed to online entertainment, gaming, and sports opportunities over the next two years.
The venture capital firm, which has focused on iGaming and sports wagering investments, said the Sharp Alpha UA Fund is looking to inject “non-dilutive capital” into young growth companies to help those firms bolster customer acquisition.
The UA Fund targets investments between $4 million and $30 million, with interest in larger facilities once a relationship has been established,” according to a statement issued by investment shop. “Sharp Alpha’s managing partner Lloyd Danzig is joined by a team of industry veterans across revenue-based financing, structured products, and quantitative finance.”
Danzig believes many upstart entities in the interactive entertainment and gaming spaces are ripe for the type of financing offered by his firm.
“Unlike traditional equity or venture debt, cohort-based financing aligns capital deployment directly with customer acquisition outcomes,” said Danzig in the press release. “This structure preserves ownership, avoids restrictive covenants, and scales with company growth.”
Examining Potential Sharp Alpha Investment Targets
New York-based Sharp Alpha did not mention specific companies in which its new fund could take stakes, but it did highlight some traits it may be looking for.
Sharp Alpha’s third investment fund appears likely to focus on companies that are already profitable or close to breaking even that are generating $10 million to $100 million in annual sales. Such corporations may be looking for non-traditional financing avenues to grow their businesses and they could find the economics and repayment terms offered by Sharp Alpha more attractive than what they’d get with traditional lenders.
Danzig added the Sharp Alpha UA Fund is the firm’s third fund and demand for access was strong among the company’s existing limited partners.
He also pointed out that cohort financing is catching on in the venture capital world because investors have been disappointed with cash distributions over the past five years, leaving them dependent on liquidity events, such as initial public offerings (IPOs), to generate profits on their initial investments.
Sharp Alpha Has Impressive Track Record
Early-stage companies Sharp Alpha has already seeded include Players’ Lounge, GridRival, PickUp, and Prophet. Existing stakes from previous funds include Triumph Arcade, Courtyard.io, Poolhouse, and Jackpot.com, according to the statement.
Founded by Akshay Khanna, Roi More, Yariv Ron, and Christopher Brown, privately held Jackpot.com could be a winner as more states mull legalizing internet lottery sales as a way of boosting tax receipts.
Jackpot, which has raised $42 million from various investors, operates in Arkansas, Colorado, Massachusetts, New Jersey, New York, Ohio, and Texas.
No comments yet