Penny Jar Capital, the early-stage firm founded by Bryant Barr and Richard Scudellari and where basketball star Stephen Curry serves as a special advisor, has filed to raise a Fund II with no target amount, according to an SEC form filed in October.
The firm also filed in October to raise what appears to be a separate entity called Fund II Collective, which also doesn’t have a target amount.
Penny Jar did not immediately respond to TechCrunch’s request for comment.
The firm previously filed to raise a Fund I in June of 2021, according to an SEC filing. That filing has not been updated yet, though Pitchbook reports the Fund closed for an undisclosed amount that September. The firm has made around 18 investments, according to Pitchbook — although its website names 14 — in companies such as the internet security company Upwind, the work-automated platform Ducky, and the online employee learning platform Praxis Labs.
Penny Jar Capital launched in 2021 and with it, Curry became part of the increasing number of athletes involving themselves in tech and the world of venture capital. Kevin Durant launched 35V, Serena Williams has Serena Ventures, while Milwaukee Bucks player Giannis Antetokounmpo recently announced he would launch a venture firm.
Barr was previously Curry’s business manager and president of SC360, the entity launched to manage Curry’s brand ecosystem. Scudellari, meanwhile, was an an investment partner at SC360. Curry helps the firm source investment opportunities and “works behind-the-scenes [sic] to drive impact for the portfolio companies,” according to Penny Jar’s website.
