Penny Jar Capital, an early-stage company founded by Bryant Barr and Richard Scdellari and whose special advisor is basketball star Stephen Curry, has a target amount of No second fund has been applied for.
The company also filed for funding in October for what appears to be a separate entity called Fund II Collective, which also does not have a target amount set.
Penny Jar did not immediately respond to TechCrunch's request for comment.
The company previously filed for a Fund I raise in June 2021, according to SEC filings. The filing has not yet been updated, but Pitchbook reports that the fund closed for an undisclosed amount in September of that year. The company has made about 18 investments in companies including internet security company Upwind, work automation platform Ducky, and online employee learning platform PraxisLab, according to Pitchbook (the website lists 14 investments). but).
Penny Jar Capital was founded in 2021, and with it Curry joins a growing number of athletes joining the world of technology and venture capital. Kevin Durant launched 35V, Serena Williams founded Serena Ventures, and the Milwaukee Bucks' Giannis Antetokounmpo recently announced he is starting a venture company.
Barr was previously Curry's business manager and president of SC360, which was created to manage Curry's brand ecosystem. Meanwhile, Mr. Scdellari was an investment partner in SC360. Currie helps the company identify investment opportunities and “works behind the scenes.” [sic] According to Penny Jar's website, this is to increase its influence over its portfolio companies.