Overview
- The standalone firm will lead or co-lead Seed and Series A rounds with planned checks of $5–$15 million per deal.
- It will focus on tech-enabled consumer businesses across media and entertainment, sports, gaming, health and wellness, e-commerce and marketplaces.
- CAA’s Adam Friedman is appointed venture partner and will serve as the agency’s day-to-day liaison to Connect.
- NEA remains a partner as CAA uses the platform to diversify its business and engage where technology intersects with commerce and culture.
- Previous bets include TMRW Sports, OpenSea, Slash, Jomboy Media and Music.AI, while the overall fund size remains undisclosed.