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Venture CapitalNewsSapphire Sport Spins Out, Rebrands as 359 Capital with $300M AUM
Sapphire Sport Spins Out, Rebrands as 359 Capital with $300M AUM
Venture Capital

Sapphire Sport Spins Out, Rebrands as 359 Capital with $300M AUM

•November 10, 2025
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TechCrunch Venture Feed
TechCrunch Venture Feed•Nov 10, 2025

Companies Mentioned

359 Capital

359 Capital

Sapphire Ventures

Sapphire Ventures

adidas

adidas

beehiiv

beehiiv

Perplexity

Perplexity

PitchBook

PitchBook

Why It Matters

The spin‑out gives the sports‑focused LPs a dedicated vehicle to back emerging tech, potentially accelerating innovation in sports media and entertainment, while the independent status may attract additional capital in a crowded niche.

Sapphire Sport spins out, rebrands as 359 Capital with $300M AUM

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