Penny Jar Capital, an early-stage company founded by Bryant Barr and Richard Scudellari and with basketball star Stephen Curry serving as a special advisor, according to an SEC form filed last October. applied to raise Fund II without a target amount.
The company also applied in October for funding in what appears to be a separate entity called Fund II Collective, with no target amount.
Penny Jar did not immediately respond to TechCrunch’s request for comment.
The company previously filed to raise Fund I in June 2021, according to SEC filings. The filing has not yet been updated, but Pitchbook reported that the fund closed for an undisclosed sum in September. According to Pitchbook, the company has made about 18 investments in companies such as internet security company Upwind, work automation platform Ducky, and online employee learning platform Praxis Labs. There are 14 website names.
Penny Jar Capital launched in 2021, which makes Curry part of a growing number of athletes participating in the technology and venture capital world. Kevin Durant launched 35V, Serena Williams has Serena Ventures, and Milwaukee Bucks player Giannis Antetokounmpo recently announced he would form a venture company.
Barr was previously Curry’s business manager and president of SC360, which he launched to manage Curry’s brand ecosystem. Meanwhile, Scudellari was an investment partner at SC360. According to Penny Jar’s website, Curry helps companies obtain investment opportunities and “works behind the scenes to influence portfolio companies.”
