VC Firm Backed By Steph Curry Files To Raise A Second Fund

Penny Jar Capital, the early-stage investment firm backed by basketball star Stephen Curry, has filed paperwork with the SEC to raise a second fund, as first reported by TechCrunch.

The filing for Fund II doesn’t list a specific target amount and also submitted a separate filing for a related entity called Fund II Collective. 

Both filings were made in October, signaling Penny Jar’s commitment to expanding its portfolio.

As Penny Jar’s anchor investor and special advisor, Curry helps the firm source investment opportunities and works behind-the-scenes to drive impact for the portfolio companies.

Building On Past Success

The firm’s first fund was filed in June 2021 and reportedly closed later that year, though the total amount raised was undisclosed. 

Penny Jar Capital has invested in companies like Upwind, an internet security firm; Ducky, a work automation platform; and Praxis Labs, which offers online learning tools for employees. 

So far, the firm lists 14 investments on its website, though other reports suggest it may have made as many as 18.

Athletes Embrace Venture Capital

Founded in 2021 by Bryant Barr and Richard Scudellari, Penny Jar Capital leverages Curry’s influence to source new investment opportunities and support portfolio companies. 

Curry joins a growing trend of athletes exploring venture capital. 

Kevin Durant has 35V, Serena Williams runs Serena Ventures, and Giannis Antetokounmpo recently launched his own venture firm.

Barr, formerly Curry’s business manager, and Scudellari, an investment partner at SC360, bring years of experience managing the business side of Curry’s brand and partnerships. 

Their goal is to create meaningful impact through their investments while fostering growth in early-stage companies.

Feature Image Credit: Elsa/Getty Images North America/Getty Images