ATLANTA–(BUSINESS WIRE)–At this time, Sound Media Ventures, an Atlanta-based enterprise capital agency that fuels start-ups on the intersection of media and know-how, is happy to announce that it launched its Fund I. The fund expects to finish its last closing later this 12 months. Established by Shachar Oren, who beforehand based Neurotic Media, the place he secured a 10x exit to Peloton Interactive in 2018, Sound Media Ventures focuses on improvements that affect the creation, distribution and monetization of media. The agency’s bespoke strategy connects buyers to an ecosystem that’s going via accelerated transformation.
Supported by the elevated recognition and realization, by each customers and firms, of the worth of at-home and cellular media consumption, the media tech sector is anticipated to develop aggressively for the stability of the last decade – fueled by sectors corresponding to health, communications, training, leisure and artwork, gaming and esports. As firms hone in on public wants in a post-pandemic world, new applied sciences are important. “It is a golden age for entrepreneurship in media know-how, and we’re right here to assist,” mentioned Oren, founder and CEO of Sound Media Ventures. “Customers are more and more adopting digital habits, driving the innovation of rising media firms worldwide. Entrepreneurs are impressed to drive development utilizing transformative media applied sciences and modern enterprise fashions.”
Oren leverages his expertise to hunt and establish passionate and hard-working founders who’re constructing significant enterprises with the potential to make a major and lasting affect. For greater than twenty years, Oren has been mentoring founders on the formation, angel and pre-seed degree through varied accelerators, together with LA-based Techstars Music, Georgia Tech’s ATDC and Create-X, Georgia State College’s Predominant Avenue, and The Skull Incubator. Oren’s strategy is to supply founders the capital to develop coupled with steerage to assist them scale, globally.
Early investments by Sound Media Ventures embody Loupe, a number one streaming artwork platform on linked TVs, obtainable on Apple TV (#1 Life-style App in 58 international locations), Amazon Hearth TV, Android TV, Comcast Xfinity, and Pluto TV; TribeXR, a VR platform that teaches how one can DJ, together with 1:1 classes and livestream performances; Press Sports, a social app with a fast-growing neighborhood of over 125Okay members that empowers athletes, engages followers and helps scouts uncover expertise; and Dance Fight, the primary head-to-head video competitors platform on cellular. Dance Struggle has a deep partnership with Snap, together with unique programming.
About Sound Media Ventures: A enterprise capital agency that discovers, invests and mentors modern media know-how firms around the globe. It’s centered on seed and early-growth start-ups revolutionizing the media ecosystem. The agency applies capital, working expertise, relationships and market intelligence to domesticate the subsequent technology of main founders within the media tech sector. It facilitates a differentiated funding automobile by particularly looking for novel, scalable and defensible applied sciences that positively affect the way in which media is created, distributed and monetized. For extra data, go to www.soundmedia.vc.