InStudio Ventures

RSE is a private investment firm that combines a deep understanding of a founder’s mission with the strategic resources of our network to elevate businesses at inflection points. This approach has transformed companies across sectors: We’ve taken the International Champions Cup from an idea in a conference room to a global soccer platform with 140 million viewers; we helped transform a founder’s PowerPoint presentation into the world’s premier drone racing circuit; and we shaped the growth strategy of scalable restaurants that have iconic brands with cult followings. But don't take our word for it. Hear what our founders have to say.

Dream Capital (DreamCap) is the Corporate Venture Capital and M&A arm of Dream Sports, India’s leading Sports Technology company. DreamCap is a multi-stage investor, with cheque sizes ranging from $1 - $100M+ depending on the stage of the company, including larger ticket size global M&A deals. The core investment areas for DreamCap are sports and sports-tech, gaming, Web3, fintech and fitness-tech. The DreamCap portfolio includes Dream Sports incubated businesses FanCode and DreamSetGo, along with DreamGameStudios (formerly known as Rolocule), Rario, SoStronk, Fittr, Elevar, KheloMore and MarketWolf.

Founded in 2009, Raine is a global merchant bank focused on fast-growing TMT growth sectors. The firm has over 160 people across offices in New York, San Francisco, Los Angeles, London, Paris, Shanghai, Hong Kong, Singapore and Mumbai. We leverage our deep sector expertise, network, and experience in our advisory business and in our principal investing business which currently has over $4 billion in AUM1. The firm’s principal investing platform includes early stage, growth equity, and public markets strategies which all benefit from the market insights and relationships developed in Raine’s advisory work. Raine Ventures is the firm’s early stage investment strategy, focused on seed through Series B investments in transformational brands and platforms throughout the TMT ecosystem. The dedicated venture team of five full time professionals is led by Gordon Rubenstein, a multi-time entrepreneur with significant operational experience. Raine Ventures, as one pillar of the broader Raine platform, is synergistically integrated with professionals across advisory, growth equity and public markets investing, driving advantages for RVP at every step of the investment process. Raine’s venture portfolios are generally comprised of Raine-proprietary investments including, among others: the Premier Lacrosse League, a new outdoor, men’s professional lacrosse league that held its successful inaugural season in 2019; Material Bank, a first-of-its-kind vertically integrated marketplace for the design industry; and Talkshoplive, a social shopping business offering embeddable and shoppable live and on-demand video capabilities.

Crossover is proudly backed by a diverse network of founders, institutions, family offices, and dozens of the top pro athletes and entertainers in the world. The Venture Capital Partner for the Modern Athlete + Entertainer Technology is powering the New Economy, and Crossover provides today’s athletes and entertainers with balanced and diversified access to investing in the private technology sector alongside a network of prominent family offices, institutions, and founders + execs. Led by an experienced team with more than 30 years experience building and investing in Silicon Valley, Crossover serves as the trusted guide for helping the Modern Athlete + Entertainer learn about and strategically leverage the tech sector to unlock their full brand potential. The Strategic Investor for Technology Startups It has never been a better time to be a startup founder, with more options for raising startup capital than at any other time in history. But in an ecosystem flush with investor capital and equally well-capitalized competition, some capital is more valuable than others. Thanks to the power of technology, today’s athletes and entertainers have the power to help startups lower customer acquisition costs, attract top talent, and drive increased sales by unlocking the power of their platform. Through Crossover, founders and fund managers receive investment and support from a seasoned investing team, as well as access to a network of dozens of the biggest names in sports and entertainment – all with a single name on the cap table. The Family Office + Institution Opportunity Today's family offices and institutional investors are looking for venture capital partners that can help them gain access to investing in the top early-stage technology opportunities. Through Crossover, family offices and institutional investors gain access to investing in a diverse portfolio of early-stage opportunities, and then further benefit from co-investing alongside top athletes and entertainers.

Alignment Growth invests in growth-stage media, entertainment, and gaming (“MEG”) companies, leveraging its team’s unique operating, strategic, and dealmaking expertise to drive value creation. Since Alignment Growth’s launch in 2021, the firm has focused on investment opportunities with the latent capacity to revolutionize the MEG landscape, from disruptive platforms to creators and owners of powerful IP. Taking a highly engaged approach, Alignment Growth partners with management teams and founders to help achieve their global growth ambitions, optimize operations and corporate governance, and create lasting shareholder value. Target Investment Sectors Media & Entertainment Experience economy Film/TV and audio content Digital media Sports Transmedia IP and platforms Creator economy and UGC Gaming Game developers and publishers Tools, tech and platforms "Gamification of everything" MEG Enablers Platforms B2B Media and info services Creation tools & tech Data & analytics MEG service providers AdTech & MarTech Our Advantage Experience & Access Depth of strategic, operating and dealmaking expertise in Media, Entertainment & Gaming ("MEG") derived from multi-decade careers in industry Long standing relationships with top executives and creative talent Significant cross-border capital markets and M&A expertise Focused, Hands-On Investment Style Alignment Growth aims to fill the need for a highly engaged strategic advisor and source of value-added capital at every phase of a partnership The team works closely with its portfolio companies to drive shareholder value creation Global Growth & Connectivity Extensive international operating & deal-making experience Strategic partners in key “tastemaker” markets in Asia: South Korea & Japan

We have a long history of crowning champions. As these athletes redefine what’s possible on court. We partner with founders to shape the future of sport. Providing the capital, platform and network to turn your potential into greatness. Sport, Entertainment, Media, Health AO Ventures is a venture capital fund built to turbocharge startups shaping the future. As the official VC arm of the Australian Open Grand Slam and Tennis Australia, we provide the capital, global platform and networks to build reputations and accelerate commercialisation of startups changing the shape of the sports, entertainment, media and health industries. What Kind of Companies? We are passionate about investing in technology-driven startups that are transforming the sports, entertainment, media, and health industries. Our focus goes beyond providing capital - we seek opportunities where we can also be a client or make a significant impact on your commercial growth from the earliest stages of your journey. Put simply, if you’re developing innovative technology that tackles large, real-world global challenges with applications in these industries, we want to hear from you. What We Offer Beyond Money We pride ourselves on being a highly strategic fund, offering far more than just capital to our investments. Tennis Australia, one of the world’s most innovative sports organizations, brings unmatched expertise and resources to the table. It governs the sport at the grass roots level, manages the elite pathway, owns events and tournaments including the Australian Open Grand Slam, as well as a large media business that produces the TV broadcast for the AO and its events portfolio. Our platform, combined with the expertise of the people behind it, is designed to elevate your business to new heights. We aim to build your reputation as a valued partner while driving revenue growth through our extensive networks across the sports, entertainment, media, and health industries. When We Invest Our preference is to back founding teams from the earliest stages of their journey, where our involvement can have the greatest impact. Typically, our initial investments are made at the Seed and Series A stages, with additional capital reserved for follow-on funding rounds. Our deep expertise in the industry allows us to identify and back exceptional teams with bold visions - often before others are ready to take the leap. Many early-stage companies choose to participate in our piloting program, AO Startups, to demonstrate their technology within our business ecosystem prior to securing investment. What We Look For We are on the search for exceptional founding teams who are technology led and equipped with unique insights to tackle large, global challenges within the sports, entertainment, media, and health industries. Much like sport itself, we embrace a truly global perspective, recognising that extraordinary talent and groundbreaking ideas can emerge from anywhere in the world. We pride ourselves on being a highly strategic fund, offering far more than just capital to our investments. Tennis Australia, one of the world’s most innovative sports organisations, brings unmatched expertise and resources to the table. It governs the sport at the grass roots level, manages the elite pathway, owns events and tournaments including the Australian Open, as well as a large media business that produces the TV broadcast for the AO. Our platform, combined with the expertise of the people behind it, is designed to elevate your business to new heights. We aim to build your reputation as a valued partner while driving revenue growth through our extensive networks across the sports, entertainment, media, and health industries. What is your investment process? Typically each time we make an investment, it will have passed through the following 8 stages with a go/no-go after each stage. 1. Initial Review: we begin by either receiving a warm introduction or connecting through this site. From there, we review your pitch deck to understand your vision, the opportunity and fit for our fund. 2. First Meeting: we organise a coffee or video call to learn more about you and your vision. 3. Internal Discussion: our investment team conducts an internal meeting to evaluate initial impressions. 4. Deep Dive: a comprehensive analysis of your business with our investment team and Tennis Australia experts. 5. Terms Clarification: discussion and alignment on investment terms and allocation. 6. Investment Case: creation of an investment case, presented to the Investment Committee. 7. Final Allocation Approval: confirmation of allocation following Investment Committee approval. 8. Documentation: signing of investment documents to formalise the investment. At what stage do you invest? Our preference is to back founding teams from the earliest stages of their journey, where our involvement can have the greatest impact. Typically, our initial investments are made at the Seed and Series A stages, with additional capital reserved for follow-on funding rounds. Our deep expertise in the industry allows us to identify and back exceptional teams with bold visions - often before others are ready to take the leap. Many early-stage companies choose to participate in our piloting program, AO Startups, to demonstrate their technology within our business ecosystem prior to securing investment. In what areas do you invest? We are entirely focused on investing in technology-driven startup companies with applications in the sports, entertainment, media, and health (excluding medical) industries. We always look for technologies that has application in our business whether that is in sports and entertainment events, media, high performance sport or mass participation sport and fitness. What are you looking for? Teams with a big vision, global ambition and an enormous will to succeed. Technologies addressing significant, real-world challenges within the sports, entertainment, media, and health industries. Companies with the potential to dominate their specific market or carve out a leading position in their niche. Do you invest in specific geographies? We’re fortunate to have the freedom to invest without geographic limitations. We firmly believe that, just like world-class athletes, the best founders and teams can emerge from anywhere on the planet. You are founded in tennis, do you only invest in tennis tech companies? Absolutely not. While tennis is at the heart of what we’re known for, our focus extends far beyond the sport. We’re looking for visionary teams solving real-world challenges in industries aligned with our expertise - sports, entertainment, media, and health. Our goal is to help you build a global reputation through our platform while empowering you to achieve commercial success far beyond our ecosystem. What size of investments do you make? The size of our investment depends on the stage of your company, typically ranging from US$300k to US$1.5m. We generally don’t lead funding rounds, preferring to contribute as the second or third largest investor alongside notable VC funds. This approach allows us to collaborate with other leading investors while maximising our impact. Do you have a standard set of terms? Each deal is different, however our preference is to work with industry standard terms that are fair for the founder and investor. How do I get in touch? The best way to connect with us is through a warm introduction. However, if you don’t have someone who can make that connection, feel free to reach out directly using the ‘Contact’ section of this site. How do you add value beyond money? We pride ourselves on being a highly strategic fund, offering far more than just capital to our investments. Tennis Australia, one of the world’s most innovative sports organisations, brings unmatched expertise and resources to the table. It governs the sport at the grass roots level, manages the elite pathway, owns events and tournaments including the Australian Open, as well as a large media business that produces the TV broadcast for the AO. Our platform, combined with the expertise of the people behind it, is designed to elevate your business to new heights. We aim to build your reputation as a valued partner while driving revenue growth through our extensive networks across the sports, entertainment, media, and health industries.