Thursday, October 13, 2022

United Talent Agency Launches New Investment Fund

The United Talent Agency (UTA), the talent agency which represents many actors, athletes, and other celebrities, and investment firm Investcorp said on Wednesday that the two are launching a new investment fund, called UTA.VC. According to the two, the new partnership will invest in high growth startups which are "at the intersection of culture and technology." Size of the new investment fund was not announced. The new fund is being managed by veteran venture investors Sam Wick and Clinton Foy, along with Investcorp's Anand Radhakrishnan. According to the fund, it will focus on the "creator economy", Web3, and the future of entertainment.