– RedBird Capital Partners and Los Angeles-based venture capital firm Sound Ventures announced a strategic partnership to invest $1 billion in emerging platforms at the intersection of technology, media and culture.
– The partnership will combine RedBird’s global reach and business-building expertise with Sound Ventures’ founder network and marketing capabilities to pursue growth opportunities and support leading technology companies.
– RedBird will contribute the expertise of RedBird X, its dedicated AI investment and incubation platform, which has developed and backed a growing portfolio of AI-native companies.
– Gerry Cardinale, Founder and Managing Partner of RedBird, said the partnership will provide next-generation technology companies and founders with institutional investment capabilities, strategic networks and long-term business-building support.
– Hamid Biglari, Partner at RedBird and Executive Chairman of RedBird X, said RedBird X will support the partnership through AI expertise, investment due diligence and portfolio development, helping companies maximize their potential.
– Guy Oseary, Co-Founder of Sound Ventures, highlighted RedBird’s resources and scale as complementary to Sound’s existing platform, enabling both firms to increase the impact of their investments.
– Effie Epstein, Managing Partner of Sound Ventures, said the partnership will help founders access the people, opportunities and resources needed to accelerate growth, reflecting both firms’ shared commitment to supporting companies as they scale.
– Sound Ventures’ technology investment track record includes early investments in Anthropic and OpenAI.
