SA

Sapphire Sport

VC
New York, NYWebsite
Stage

Pre-Seed, Seed

Check Size

$500K – $3.0M

AUM

$300M

Portfolio

31+ companies

Team

4 partners

Investor activity
Investments in last 12 months: 0

Investment Thesis

Invests in technology that powers the sports, media, and entertainment ecosystem, including enterprise software and monetization infrastructure.

Meet the Team

MS

Michael Spirito

Managing Partner

Sports Tech
Sports commerce
B2B software
DH

Doug Higgins

General Partner

Doug co-founded 359 Capital (fka as Sapphire Sport) in 2018. Doug has three decades of experience working with and investing in technology startups. Previously, Doug co-founded Sapphire Ventures where his investments included companies such as LinkedIn, DocuSign, Paytm and Square. Doug started his career in investment banking at Robertson Stephens in San Francisco. He then worked for one of his entrepreneurial heroes, George Lucas, where he launched the business development group for Lucasfilm. Doug grew up in Edina, Minnesota, where he developed a strong passion for sports. His travels around the world helped him see the global impact of sports and deepen his appreciation for the industry. Doug earned his BA from Duke University and his MBA from the Kellogg School of Management at Northwestern University.

DH

David Hartwig

Partner

consumer devices
financial services
gaming
health and wellness
software
analytics

Dave joined 359 Capital in 2023 and is a Partner with the firm. Dave is a generalist investor with a twenty-year track record and specific experience in consumer devices, financial services, gaming, health and wellness, software, and analytics. Prior to joining 359 Capital, Dave co-founded and was a Partner at Sapphire Ventures. He started his venture capital career at Battery Ventures. Dave received his BSE from Princeton University and his MBA from UC Berkeley. Dave grew up in Chicago and closely follows the Bears. He’s involved with Save the Redwoods and is interested in your favorite hikes, books, shows/movies, hikes, and teams. Dave is based in the Bay Area. Notable past investments include AvidXChange (AVDX), Fitbit (FIT), Kaltura (KLTR), Livongo (LVGO), Looker, OnDeck Capital (ONDK), IEX, Phoenix Labs, TicketFly.

RM

Rico Mallozzi

Partner

AI application
fintech
digital health
consumer social

Rico is a Partner at 359 Capital, where he focuses on partnering with exceptional founders building across the AI application, fintech, digital health, and consumer social space. Rico’s investments include Backbone, Amo, Perplexity, Bounce, and Lucky Energy. Prior to joining 359 Capital, Rico’s experience in the technology industry spanned across multiple functional areas. He began his career founding and working at start-ups and held positions at Cisco, SAP and Sapphire Ventures. Rico has also supported social entrepreneurs in Indonesia, Singapore, Italy and Sri Lanka in developing and starting businesses. Rico is based in the New York area.

Industry Focus

Invests In

Other
SaaS

Portfolio Companies (31)

Other

WI

Win Reality

Sports training tech
BU

Buzzer

Sports media platform
OU

Oura

Sports/performance wearables
BE

beehiiv

FE

Fevo

FL

Flowhaven

LU

Lucky Energy

ON

Onlife

OV

Overtime

BA

Backbone

How to pitch Sapphire Sport
  • Raising at Pre-Seed, Seed? You're squarely in their sweet spot.
  • Lead with your fit in Other, SaaS — the sectors they actively back.
  • Size your ask to their typical $500K – $3.0M check.
  • Address your outreach to a specific partner, such as Michael Spirito, Managing Partner.
  • A warm introduction beats a cold email. Get matched and request an intro.

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