Phoenix Capital Ventures (PCV)

What Phoenix Capital Ventures (PCV) does

Phoenix Capital Ventures (PCV) is a pre-seed and seed-stage venture capital firm founded in 2016 and headquartered in Atlanta, United States. The firm invests exclusively in early-stage companies operating at the intersection of sports, fitness, gaming, and entertainment—verticals the firm describes as "where culture meets consumer behavior, and where innovation scales through passion." PCV's stated mission is to back visionaries shaping how people play, move, compete, and connect, with a portfolio of 23+ companies spanning Daily Fantasy Sports (PrizePicks), connected fitness (Flexia, Caliber, Yur), sports media and data (Thuuz, Tallysight, Stats Perform exit), gaming (Resurgens, BetHog, Noteefy), health/biometrics (Prevent Biometrics, Nextiles, Manifest), and AI-native brand tooling (Pinpoint). Realized exits include Thuuz (acquired by Stats Perform), Manifest (acquired by ReviveHealth), and Loupe (acquired by Stingray).

PCV does not develop proprietary technology. Its product is capital deployment and strategic support to portfolio founders, delivered through a small (3–4 person) team led by Founder & Managing Partner Andrew Steinberg, Managing Director Adam Lewites, and Director of Finance Beth Warchol. The firm partners with co-investors at seed and Series A (e.g., Flybridge, Will Ventures, RockawayX, Bullpen Capital) and connects portfolio companies to strategic investors from companies such as Spotify, Raine Group, Google, and Twilio. Revenue is generated through standard venture fund economics: management fees on assets under management plus carried interest on successful exits. The firm operates an LP Portal via Carta, indicating institutional limited partner relationships, though specific AUM, fund size, and LP identities are not publicly disclosed. Distribution and deal sourcing are global in scope, relying on the firm's website (pcv.fund), LinkedIn, Twitter/X, and direct outreach via [email protected].

Name

Phoenix Capital Ventures (PCV)

Legal name

Phoenix Capital Ventures

Website

https://pcv.fund

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

Phoenix Capital Ventures (PCV) is a pre-seed and seed-stage venture capital firm founded in 2016 that invests exclusively in early-stage startups across sports, fitness, gaming, and entertainment, serving founders building consumer-facing technologies in these verticals.

Ownership category

akta.pro rank

Product category

Venture Capital

NAICS

Portfolio Management and Investment Advice (523940), All Other Financial Investment Activities (52399)

SIC

Investment Advice (6282)

akta.pro industry

PRIMARYFSANACAI

Media, Entertainment & Gaming Growth Equity

Financial & Insurance/Private Equity & Venture Capital/Growth Equity Firms

Keywords

• Seed-stage venture capital
• Pre-seed startup investing
• Sports tech venture capital
• Gaming and entertainment investing
• Early-stage fund management

Headquarters

HQ city

Atlanta

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Revenue model

1. Fund Management: PCV operates as a venture fund generating returns through equity investments in early-stage companies. Revenue is derived from management fees and carry on successful exits of portfolio companies.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Phoenix Capital Ventures is a pre-seed and seed-stage venture capital firm that invests equity capital in early-stage companies operating in sports, fitness, gaming, and entertainment sectors. The firm provides investment capital, strategic guidance, and access to an industry network to founders shaping how people play, move, compete, and connect. PCV earns returns through management fees and carried interest on successful portfolio exits.

Differentiator

Problem solved

Functional benefit

Products and services

• Phoenix Capital Ventures Investment Services Pre-seed and seed-stage equity investment services for early-stage founders building companies in sports, fitness, gaming, and entertainment sectors, including capital deployment and strategic support.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves5 records

Expansion highlights3 records

Direct peers

• Will Ventures: Early-to-growth stage venture firm exclusively focused on sports, fitness, and wellness. Will Ventures is a direct peer to PCV in vertical focus and stage, and co-led BetHog's Series A alongside PCV's participation.
• Courtside Ventures: Early-stage venture fund investing at the intersection of sports, consumer, and technology. Direct peer given similar sports-tech thesis and early-stage check size.
• Sapphire Sport: Sports-focused venture and growth fund backed by Sapphire Ventures. Direct peer in vertical thesis though typically writing larger checks than PCV.
• KB Partners: Sports and sports-tech-focused venture firm with a long track record of sports investments. Direct peer given comparable vertical focus and early-stage orientation.
• 6th Man Ventures (6MV): Venture firm focused on sports, media, and consumer technology. Direct peer — also a co-investor alongside PCV in BetHog's Series A.

Broad incumbents

• BITKRAFT Ventures: Global gaming-focused venture firm investing across interactive entertainment, esports, and gaming infrastructure. Comparable as a broader incumbent in PCV's gaming vertical but operates at significantly larger fund size.

Emerging players

• Konvoy Ventures: Venture firm focused on the business of gaming and esports infrastructure. Emerging peer with partial vertical overlap on gaming — narrower scope than PCV.
• Advancit Capital: Early-stage venture firm focused on sports, media, and entertainment. Emerging peer that co-invested alongside PCV in BetHog's Series A.
• Bullpen Capital: Early-stage venture firm focused on sports, gaming, and consumer technology. Emerging peer with similar stage and partial vertical overlap; also a co-investor in BetHog.
• Makers Fund: Venture capital fund investing in interactive entertainment and gaming. Comparable through shared focus on gaming — slightly different stage orientation than PCV.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/pcvfund
• LinkedInlinkedin.com/company/phoenixcapitalventures

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments26 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Phoenix Capital Ventures (PCV)