Sapphire Ventures launches $115 mln sports tech fund

Sapphire Ventures has launched Sapphire Sport, a $115 million sports tech fund. The fund's backers include City Football Group, owners of English Premier League champions Manchester City, as well as owners, investors and family offices from the National Football League , Major League Baseball, National Basketball Association, National Hockey League and Major League Soccer. Doug Higgins, managing director and co-founder of Sapphire Ventures, and Michael Spirito, who joined Sapphire Ventures as managing director in September 2018, are co-leading Sapphire Sport.