RedBird, Sound Ventures Team Up on $1 Billion — SkimNews
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- RedBird Capital Partners and Sound Ventures are partnering to invest $1 billion in emerging platforms at the convergence of tech, media and culture.
- Sound Ventures contributes founder access and marketing acumen to the partnership, while RedBird brings global reach and business-building expertise, according to the firms.
- RedBird X, RedBird's AI investment and incubation platform headed by Hamid Biglari, will bring its learnings into the partnership.
- Anthropic and OpenAI were early Sound Ventures investments, giving the firm an established track record in AI.
- RedBird manages over $21 billion in assets, focuses on sports, media and entertainment, and is a large investor in Skydance alongside the Ellison Family.
- Sound Ventures, the Los Angeles firm co-founded by Guy Oseary in 2015 with managing partner Effie Epstein, has over $2 billion in assets and a portfolio that includes Airbnb, GitLab, Hugging Face, Robinhood, Spotify, Uber and World Labs.
- Gerry Cardinale said the next great technology companies need versatile partners who understand the long-term trajectory of company building, while Oseary called the pairing a differentiated investment platform to be built out together.
Why it matters: Founders in tech, media and culture gain a $1 billion pool pairing RedBird's $21 billion asset base and business-building expertise with Sound's founder access and marketing muscle. Sound's early stakes in Anthropic and OpenAI, plus the inclusion of RedBird's AI incubation platform RedBird X, give the partnership a track record that already spans top-tier AI names.
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