Key Takeaways
- • RedBird Capital Partners and Los Angeles-based venture capital firm Sound Ventures announced a strategic partnership to invest $1 billion in emerging platforms at the convergence of technology, media and culture.
- • The partnership combines RedBird's global reach and business-building expertise with Sound's founder access and marketing capabilities.
- • The announcement was made via Business Wire, with the firms headquartered in New York and Los Angeles respectively.
Summary
RedBird Capital Partners ("RedBird") and Los Angeles-based venture capital firm Sound Ventures ("Sound") announced the formation of a new strategic partnership under which the two firms plan to invest $1 billion in emerging platforms at the intersection of technology, media and culture, according to a Business Wire release.
The partnership is designed to pair complementary strengths. Per the announcement, RedBird will contribute its global reach and business-building expertise, while Sound will bring its access to founders and marketing acumen. The stated objective is to pursue growth opportunities and support the companies in the portfolio.
The source material available for this story is limited to the initial announcement, and the release does not provide further detail on the investment structure, fund vehicles, target sectors beyond the stated convergence theme, or expected deployment timeline.
The partnership is designed to pair complementary strengths. Per the announcement, RedBird will contribute its global reach and business-building expertise, while Sound will bring its access to founders and marketing acumen. The stated objective is to pursue growth opportunities and support the companies in the portfolio.
The source material available for this story is limited to the initial announcement, and the release does not provide further detail on the investment structure, fund vehicles, target sectors beyond the stated convergence theme, or expected deployment timeline.
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