Advancit Capital

Advancit Capital is a venture capital firm established in 2011, focusing on early-stage investments in web3 and technology startups. The firm actively seeks to partner with entrepreneurs who are developing the next generation of leading companies, particularly those addressing significant opportunities ripe for innovation and disruption. Advancit Capital distinguishes itself by providing not only capital but also access to a unique and extensive network of industry relationships and strategic support, aiming to accelerate the growth of its portfolio companies.

The firm was co-founded by Shari Redstone and Jason Ostheimer, with Jonathan Miller serving as a Senior Advisor. Shari Redstone brings extensive experience from the media and digital industries, while Jason Ostheimer contributes expertise from the finance sector. Jonathan Miller further enhances the team's capabilities with his background in digital strategy and early-stage investments, providing a broad range of industry knowledge to support their portfolio.

Advancit Capital's investment strategy targets a diverse range of sectors, including media, entertainment, consumer technology, and web3. Their portfolio includes notable companies such as The Athletic, an online sports media company; Headspace, a guided meditation and mindfulness platform; and Thrive Global, a well-being platform. They also have investments in Public, a multi-asset investment platform, and Mux, a video performance monitoring platform. The firm has a track record of successful exits, including the acquisitions of Wondery and Mic.

The firm primarily participates in Pre-Seed, Seed, Series A, Series B, and Series C funding rounds. With a strong emphasis on forming long-term partnerships, Advancit Capital continues to support innovative startups across various digital landscapes, including AI, fintech, gaming, and SaaS, primarily within the United States.