EP Golf Ventures, LLC, a strategic investment partnership between Elysian Park Ventures and the PGA of America designed to support innovation in the golf industry, held the first closing of its first investment fund, EP Golf Ventures Fund I.
Selected investors in the fund include Topgolf Callaway Brands (NYSE: MODG) the unrivaled tech-enabled modern golf and active lifestyle company with a portfolio of global brands including Topgolf, Callaway Golf, TravisMathew, Toptracer, Odyssey, OGIO, Jack Wolfskin, and World Golf Tour (“WGT”); Gametime Capital, the family office of Richard Fairbank; and several other institutions, individuals and investors across the sports, technology and media ecosystem. Both Elysian Park Ventures and the PGA of America have directly committed capital to the Fund.
EP Golf Ventures invests in areas that add strategic value across the $102 billion golf industry, supporting organizations that seek to improve coaching, education and training; health, wellness and performance science; hospitality and facility management; retail; and agriculture.
The firm, which expects to complete a second close of the Fund later this year, has already made four investments in:
- Sportsbox AI, an AI-powered technology company that develops coaching applications through markerless 3D motion capture;
- Dryvebox, an organization working to increase golf access to all through a mobile golf simulator that offers lessons, practice sessions, virtual golf and private events;
- Sensible Weather, a climate technology company helping consumers understand climate and de-risk adventures against the weather; and
- Repurpose, a plant-based compostable tableware company.
EP Golf Ventures expects to build a portfolio of approximately 15 companies over time.
FinSMEs
31/08/2023