Sharp Alpha

Sharp Alpha Advisors is a venture capital firm providing funding and commercial support for builders in competitive entertainment. Founded in 2019, the firm is headquartered in New York, led by Managing Partner Lloyd Danzig, whose background includes BlackRock and SimpleBet, alongside Mihir Kumar (Major League Soccer, BCG, AQR). The firm offers two strategies: early-stage equity investment ($1M–$10M) for companies tapping into consumers' competitive spirit, and non-dilutive growth capital ($4M–$30M+) that funds customer acquisition costs, repaid as acquired cohorts generate revenue. Its focus centers on sports betting, iGaming, prediction markets, sports facilities, and media/entertainment. Portfolio companies include Poolhouse, Ballers, Jackpot.com, ProphetX, Bezel, Five Iron Golf, Courtyard, Future Anthem, C15 Studio, and Triumph Labs, with notable exits including Betcha, SharpSports, and VicTree. Sharp Alpha closed an oversubscribed $25 million-plus Fund II in 2024 and a separate $150 million non-dilutive user-acquisition fund in 2025. Its investment approach combines equity capital with strategic industry relationships — the team includes advisors from Elliott Management, Caesars, and Empire Resorts — supporting portfolio companies from seed through growth stages.