Courtside Ventures announced its third fund, Fund III, at $100 million on January 19, 2023. The firm said it would invest in early-stage companies across sports, fitness, collectibles and gaming, with a broader ambition to support sports, gaming and lifestyle applications globally. That is a historical announcement—not evidence that the fund is currently raising or deploying capital.
What Courtside Ventures said Fund III would invest in
In its January 19, 2023 announcement, Courtside described itself as an early-stage investor and identified sports, fitness, collectibles and gaming as its key verticals. Partner Deepen Parikh characterized the strategy as backing founders and “disruptive ideas” in those areas. This was the firm’s description of its own investment thesis, not an independent assessment of the sectors or of the fund’s expected results. Courtside Ventures’ announcement via PR Newswire
The title’s use of “wellness” reflects a broader lifestyle framing, but the 2023 announcement specifically named “fitness.” Courtside’s current site describes its focus as sports, lifestyle and gaming, with examples such as personalized wellness, sports content and regulation, collectibles marketplaces, and gaming infrastructure. Its current language may differ from the thesis stated at the time of the fundraise. Courtside Ventures’ current homepage
Companies named as early Fund III investments
The announcement listed these as early investments associated with Fund III. The list was not presented as a complete portfolio, and it should not be read as a current roster:
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- Hypothetic
- Matchday
- Mojo
- Xpoint
- Jackpot.com
- Venly
- Planet Mojo
- Bezel
- Fliff
- Fermat
- Fello
Courtside’s portfolio page displays companies across sports, lifestyle and gaming, using the firm’s own classifications. A portfolio page is a broader reference than the announcement’s early Fund III list; appearing there alone does not establish that a company was one of the investments specifically named in the 2023 release. Courtside Ventures’ portfolio page
Fund size and figures reported in the announcement
Courtside said the $100 million fund brought its total committed capital to more than $200 million in assets under management at that time. The announcement also reported that the firm had invested in more than 80 companies across eight countries since its launch in 2016. These are company-reported figures from January 2023, not current AUM or independently audited performance figures.
The same release reported that Fund I had returned 1.61x in net DPI proceeds to limited partners and that more than 50 new relationships joined Fund III. Those, too, are figures reported by Courtside in its fund announcement; they do not establish future performance or the fund’s present status. January 2023 fund announcement
Who the announcement said invested
Courtside described the fund’s investors as including people connected to professional sports ownership, athletes and industry executives. Its January 2023 release named Tony Ressler, Dan Gilbert, David Blitzer, the Haslam family, the Tisch family, the Lerner family, Idan Ofer, Alec Litowitz, John Burbank and Dan Sundheim among team owners or ownership groups. It also named strategic investors Dick’s Sporting Goods, Superbet, Arctos Partners, Wellness Holding and Gametime Capital, and athlete investors Larry Fitzgerald, Shaquille O’Neal and Jacob Trouba. These names and categories reflect the announcement’s descriptions at that time.
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Courtside’s stated themes cover more than teams or leagues: they encompass businesses in sports-related media and technology, gaming, fitness and wellness, and collectibles. A later essay by Courtside partner Kai Bond described the scope as “digital media, gaming, collectibles, wellness, and live entertainment,” presenting sports as a wider consumer and technology culture. That is the firm’s own framing, rather than a promise that Fund III would invest equally across each category. Courtside Ventures’ essays
For readers trying to understand what the headline means, the useful distinction is between the fund’s stated sectors and its named early investments: the sectors describe the intended areas of focus, while the company list identifies examples Courtside associated with Fund III in the announcement. Neither establishes what the fund may hold or invest in today.
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