Waverley Capital

Waverley Capital is a venture capital firm dedicated to investing in the innovation and disruption occurring globally within the media, entertainment, and sports industries. Their mission is to partner with exceptional entrepreneurs in the media ecosystem to help them build category-defining companies. The firm boasts an experienced team with decades of experience in investing, building, and operating transformative media companies. They offer proprietary access to deal flow, people, resources, and unique insights within the media industry. Their world-class network comprises current and former C-level media and technology executives and board members, as well as successful members of the broader investment community in both public and private equity. Waverley Capital takes an engaged approach, with their team and extended network deeply engaging with founders and senior management of portfolio companies to drive strategic and operational excellence.

The firm's portfolio includes notable companies such as Roku, Headspace, The Athletic, Pluto TV, Wondery, Fubo, PFL, Matterport, and ART19. Waverley Capital has a history of successful exits, including investments in streaming TV platforms like Roku, Fubo, and Pluto TV, as well as companies acquired by Amazon and The New York Times Company, such as podcast producer Wondery and sports publication The Athletic. Their current portfolio consists of companies like Volley, a publisher of interactive voice games; PFL, a mixed martial arts league producing TV shows based on its professional fighters; and Hook, an AI platform for music.

Waverley Capital was founded in 2017 by Edgar Bronfman Jr. and Daniel Leff. The firm has deployed $135 million across two funds and is currently raising its third. They focus on early-stage companies in the media, sports, and entertainment sectors, avoiding hyped themes like the metaverse and VR in favor of lesser-known and underappreciated companies. Their investment strategy emphasizes partnering with exceptional entrepreneurs to build and scale category-defining companies in the media ecosystem.