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Sagamore Ventures operates as a privately-held investment company, managing a diverse portfolio spanning commercial real estate, hospitality, food and beverage, and venture capital. The firm acts as a strategic investor, channeling capital and operational expertise into its holdings to foster growth. This diversified approach allows for cultivation of expansion across multiple market segments.
The company, formerly Plank Industries, was established in 2014 by Kevin A. Plank, the founder and CEO of Under Armour, Inc. Sagamore Ventures serves as the family office for the Plank Family, conceived from an insight to deploy capital and leverage Plank's entrepreneurial success into new ventures.
Sagamore Ventures primarily engages with companies within its targeted sectors as a supportive partner. The firm’s vision emphasizes facilitating robust growth for its investments while contributing to economic development and opportunity within Baltimore City, fostering a dynamic business ecosystem through its active involvement.
Sagamore Ventures has 3 tracked investments across 3 companies. The latest tracked deal is $12.0M Series B in UrbanStems in August 2019.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Aug 15, 2019 | UrbanStems | $12.0M Series B | Ollen Douglass, David Strasser | Middleland Capital, NextGen Venture Partners |
| Mar 2, 2018 | Wecash | $160.0M Series D | Orix Asia Capital, SEA | Forebright Capital, Hongdao Capital, Lingfeng Capital, SIG |
| Aug 6, 2014 | RedPoint Global | $5.2M Other Equity | Grotech Ventures | — |
