Radnor’s SeventySix Capital has completed the initial closing on a new $10 million fund that will primarily focus on sports technology startups, writes Roberto Torres for Technical.ly Philly.
The fund will also cover health, wellness, and the future of retail.
The firm, which recently added Ryan Howard of Phillies fame as a partner, already has some other well-known names as its backers. These include former Eagle and Tennessee Titans running back DeMarco Murray, tech investor Michael Rubin, and Comcast executive David Cohen.
The firm is also funded by the Commonwealth of Pennsylvania through its Ben Franklin Technology Development Authority.
The firm has already backed two startups through the fund, including the IoT company Kwik from Israel, along with e-sports startup N3rd Street Gamers.
Managing Partner Wayne Kimmel said SeventySix Capital was excited about the closing of the fund, as it shows the company’s potential to provide founders with “unique relationships, knowledge, and expertise.”
Read more about SeventySix Capital at Technical.ly Philly by clicking here.