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Sports & Humans First Fund

A diversified fund investing in innovative ventures in sports and gaming

FUND THESIS:

The next generation of iconic platforms won’t emerge from more screen time — they’ll be built through meaningful human participation. This fund invests in experiences and technologies that transform passive consumption into active belonging. As AI automates the predictable, we back the irreplaceable: companies that turn spectators into stakeholders, fans into founders, and individuals into communities. From participatory sports to tech-enhanced recreation, we fund the systems that make human connection scalable — because the future isn’t just virtual, it’s deeply human.

WHY NOW:

We’re at an inflection point where behavior, technology, and culture have converged. The rise of AI and digitized routines has created a powerful counterforce: growing demand for real-world, emotionally resonant experiences. At the same time, tech infrastructure now enables personalization, participation, and ownership at scale. This fund captures the shift toward experiential value — and the new market leaders emerging from it. As the world seeks connection over convenience, we’re backing the companies building what screens can’t simulate: shared moments, live meaning, and the future of belonging.

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Let our expert team handle it for you.

Our award-winning venture investing professionals will build a diversified portfolio of venture-backed companies for you.

Questions?
📱 Text (650) 410-8600 for Info
📞 Short Intro Call

Invest Deal-by-Deal

You select individual companies to invest in.

Join our Sports & Human First Syndicate to review deals one at a time. We’ll share diligence materials for informed decision making.

Questions?
📱 Text (650) 410-8600 for Info
📞 Short Intro Call

Participation Platforms & Fan Infrastructure →

From Spectators to Stakeholders. Enabling people to co-own, co-create, and co-experience their favorite teams, leagues, and moments.
Portfolio companies: FanStake, Ring City

Experiential Commerce & Cultural Identity →

Merch That Means Something. Platforms where expression meets belonging — through collectibles, personalization, and identity-driven commerce.
Portfolio companies: The Realest, The Post

Hybrid Events & Immersive Entertainment →

Not Just Watching — Belonging. Blending digital scale with real-world emotion to deepen participation in sports, music, and recreation.
Portfolio companies: Playback TV, Vow

Outdoor Tech & Human-Nature Interfaces →

Offline Is the New Premium. Tools that enhance nature-based activities — from trail mapping to adventure planning — where the screen stays in the pocket.
Portfolio companies: Adaptive fitness, Smart trail-mapping SaaS

Performance Tech & Everyday Athletes →

Train Like a Pro. Scaling elite insights and recovery systems
to the millions who move for purpose, work, or wellness.
Portfolio companies: Oura, Springbok

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    Invest in the future of sports, with a focus on innovative technologies, products and services, and business models
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    ~15-20 venture investments made over ~12-18 months — diversified by stage, sector, geography, lead investor
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    Reserves ~20% to pursue follow-on opportunities in the most promising portfolio investments
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    Investments sourced by a team of dedicated investing professionals, our network of handpicked Scouts, AV’s 750k+ supporters, and other AV funds
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    Part of Alumni Ventures, America's Largest Venture Firm for Individuals and a "Top 20 Venture Firm" (CB Insights '24)

See video policy below.


AV Co-Invests with Experienced Venture Firms

250+ investments with leading VCs and many with other top-quartile firms.

These leading venture firms have backed some of the most successful companies in the world.
Co-investors are shown for illustrative purposes only, do not represent all co-investors with which Alumni Ventures has invested, and are not necessarily indicative of future co-investors. The identity of a co-investor does not guarantee investment quality or performance.


10 ventures from the Alumni Ventures portfolio that we’re excited about for 2025


Invest in Startups Like the Apex 10

Accredited investors can invest in startups like the Apex 10 with Alumni Ventures. Talk with a Senior Partner about our portfolio of over 1,400 companies to learn more about becoming an investor.

Or simply text us with your question for fast response
650-410-8600


Fundraise Timing & Loyalty Rewards

The fundraise deadlines of current and upcoming fund vintages are published below to help our investors with their personal venture allocation planning strategies. Read more about our Loyalty Rewards, Performance, and Fees.


About Alumni Ventures

We are a venture capital firm that provides accredited investors & institutions with access to professionally-managed, diversified venture portfolios. Our network is among the largest and most well-connected in the industry.

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    #1 most active venture firm in the U.S., #3 in the world (PitchBook '22 & '23)
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    $1.3B+ capital raised since founding in 2014
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    Diversified historical portfolio of 1,400+ venture-backed companies, adding ~250 / year
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    10,500 individual accredited investors already trust us with their venture investing
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    Top 20 Venture Firm (CB Insights '24)
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    Top-quartile performance*
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    Network of 850k+ investors, entrepreneurs, & community members
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    5 national offices & ~40 full-time venture investors

2022 Pitchbook Global League Tables, 2023 Pitchbook Global League Tables  

The Top 20 venture investors in North America

*Top-Quartile for AV Fund vintages 2016-2020 as of September 30, 2024. Top Quartile ranking against Cambridge Associates’ peer group for venture capital, according to the Distributions to Paid-in Capital (DPI) metric. Top-Quartile for 2016 vintage was .77 for Cambridge Associates peer group and .72 for Alumni Ventures funds. Past performance does not guarantee future results.



Sports Fund News

Content at the intersection of entrepreneurship, venture capital, and specific industry sectors.



Sample AV Sports Fund Deals

These investments, from AV's existing portfolio, are examples of the Sports Fund's investing strategy.*

*For illustrative purposes only. No representation is intended that any AV fund or investor has or would experience outcomes similar to those described. Example investments are not available to future investors except potentially in the case of follow-on investments. Venture capital investing involves substantial risk, including risk of loss of all capital invested. Past performance does not guarantee future results.


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