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Sinclair Digital Ventures operates as the strategic investment arm of Sinclair Broadcast Group, deploying capital within the digital media sector. It targets companies specializing in advertising, marketing, and media technologies, alongside ventures in sports betting, esports, and sports technology. This division aims to cultivate solutions bridging traditional broadcasting with modern digital platforms.
An initiative of the Sinclair organization, Sinclair Digital Ventures does not possess a separate founding team. Its establishment reflects Sinclair Broadcast Group's insight into digital transformation's critical role in media. This division was conceived to ensure continued relevance, fostering innovation by investing in promising media and technology enterprises.
Sinclair Digital Ventures supports growth-stage companies in its targeted sectors, offering strategic capital and industry connections. Its vision centers on shaping media's future by fostering technological advancements and key partnerships. The division aims to solidify Sinclair's competitive stance across a diversified media landscape, anticipating industry shifts.
Sinclair Digital Ventures has 1 tracked investment across 1 company. The latest tracked deal is $3.0M Seed in ScoreStream in April 2015.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Apr 1, 2015 | ScoreStream | $3.0M Seed | Sinclair Digital Ventures | Grit Capital Partners, Paul Palmieri, Avalon Ventures, NEW Enterprise Associates, Kevin Plank |