Audacity Venture Capital, a sector-specific, stage-agnostic venture capital firm pioneering investments in the media-tech space, announced a $50 million exit from its investment in VideoVerse, following the company’s acquisition by Minute Media, a global technology and sports content company.
Audacity is one of VideoVerse’s largest institutional investors. Its GPs (General Partners) were among VideoVerse’s first institutional investors through a previous fund, coming in when the company was valued at just $5 million. This exit marks the first from Audacity and stands as the largest media-tech exit in India.
VideoVerse’s flagship AI-driven SaaS platform, Magnifi, empowers sports media rights-holders, leagues, and publishers to automatically detect key moments, create highlights in real time, and distribute short-form content with unmatched speed and precision. The acquisition by Minute Media will accelerate Magnifi’s global reach, integrating it into a full-stack creation, distribution, and monetization solution for top sports organizations worldwide.
Kabir Kochhar, Founding Partner, Audacity Venture Capital, said, “As a sector-specific, stage-agnostic fund, our strategy is to create alpha by identifying undervalued opportunities early and then continuing to invest through multiple stages of growth. VideoVerse exemplifies this conviction-led approach. We backed them at the earliest stage, believed in their vision, and supported them as they scaled into a global leader in AI-powered sports content solutions. This exit is not just a fund milestone; it’s a validation of our thesis that media-tech offers outsized opportunities for investors who understand the space deeply and lays a strong foundation for our next fund.”
Vinayak Shrivastav, Co-founder & CEO of VideoVerse, said, “From the very beginning, Audacity recognized our vision and the disruptive power of AI in media. They have been more than investors, serving as true partners who guided us, pushed us to think bigger, and supported us with both capital and conviction at every step. Their unwavering belief has played a pivotal role in shaping VideoVerse into what it is today.”
