UTA is bulking up its venture funding business.
The agency has hired veteran investment executive Clinton Foy as general partner, Venture Capital at UTA Ventures, which builds and invests in businesses at the intersection of media, entertainment, and technology.
Foy will work alongside Sam Wick, head of UTA Ventures, to grow and develop the agency’s investment platforms by way of direct investing, venture capital investments and fund development.
“Clinton’s deep background in the venture capital community and proven track record of raising and investing capital for funds and startups across entertainment and tech makes him a strong fit for UTA’s entrepreneurial DNA,” said UTA CEO Jeremy Zimmer. “UTA has ambitious plans to expand our footprint in the venture capital space, and Clinton will play a big role in taking us to the next level.”
“I’m thrilled to join the UTA Ventures team to grow and diversify the company’s direct investing and new venture funds,” added Foy. “UTA Ventures is a highly innovative group in the industry, which I have admired for some time. I look forward to working with my new partners and colleagues across the company. The opportunity to fund and build the future of tech, entertainment and new platforms with top creators, gamers, artists, talent and athletes is truly a privilege.”
Foy was previously general partner and managing director at Crosscut Ventures, where he was the lead investor in the companies Streamlabs, PlayVS, FitOn, Immortals and IGC.gg, which he co-founded and incubated. Prior, he served as chief operating officer of multi-billion-dollar gaming company Square Enix, which is known for titles including Tomb Raider, Final Fantasy and Dragon Quest.
UTA Ventures leverages the agency’s expertise, relationships and knowledge of the entertainment business landscape to provide companies and clients with a strategic advantage. The team has built, advised and invested in a portfolio of over 40 businesses with a collective valuation of billions, including Masterclass, Cameo, Patreon, Cloud9, Pocket.watch, Radish Fiction, and NTWRK.
The department also builds business for clients, like Priyanka Chopra Jonas’ haircare line, Anomaly; Tia Mowry’s multicultural wellness company, Anser; Seth Rogen and Evan Goldberg’s joint-venture partnership with Canopy Growth Corporation, Houseplant; and Emma Chamberlain’s Chamberlain Coffee.