359 Capital
359 Capital is an independent venture capital firm based in New York City. It partners with dedicated founders in consumer and consumer-adjacent sectors, focusing on the future of sports, media, and entertainment. The firm, which rebranded from Sapphire Sport in November 2025, is led by Managing Partner and Co-founder Michael Spirito, along with co-founders David Hartwig and Doug Higgins, and Partner Rico Mallozzi. Managing approximately $300 million in assets, 359 Capital invests in companies from Seed to Series C stages, typically writing checks between $1 million and $10 million. The firm
Investing activity
359 Capital appears in 2 AI deals tracked by the AI Lounge deals desk, rounds totalling $52M. The rounds are mostly Seed, with a median round size of $52M. The most recent are Fish Audio (Seed, $52M, Jul 2026) and 23 Broadway (Seed, $3.3M, Mar 2026).
359 Capital most often invests alongside Coreline Ventures, Capital Today, Carya Venture Partners and Hyphen Capital, and the companies it backs on AI Lounge are mostly in AI.
Deals
Frequently asked questions about 359 Capital
What AI companies has 359 Capital invested in?
359 Capital's AI investments include Fish Audio and 23 Broadway. The 2 rounds on AI Lounge are listed on this page with amounts, dates and co-investors.
What stage does 359 Capital invest at?
In the rounds tracked on AI Lounge, 359 Capital has invested at Seed, with a median round of $52M.
Who does 359 Capital co-invest with?
359 Capital's most frequent co-investors on AI Lounge are Coreline Ventures (1 deal), Capital Today (1 deal), Carya Venture Partners (1 deal), Hyphen Capital (1 deal) and HF0 (1 deal).
How can founders reach 359 Capital?
Founders on AI Lounge can see 359 Capital's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add 359 Capital to their Investor Pipeline to track the conversation.