Vincere Capital, an Arizona-based venture capital firm focused on technology companies, has made an investment in Phoenix Rising FC, a professional soccer franchise in Arizona.
Phoenix Rising FC is a two-time United Soccer League Western Conference champion. The deal comes after Phoenix Rising FC announced plans to relocate its stadium in Phoenix at the intersection of 38th St. and Washington. Rising aims to host its 2023 home opener and season at the new site beginning in the spring. Baer Fisher, partner at Vincere Capital, will join the Phoenix Rising FC board of directors.
“In addition to capital, the Vincere team brings passion, knowledge and creativity to an already accomplished Rising Board and shareholder group,” says Bill Kraus, Phoenix Rising governor. “We look forward to working together to grow the game in Arizona, and elevate Rising to the highest level of professional play for its passionate fans.”
Aspire Financial LLC acted as financial advisor and Brotschul Potts LLC acted as legal advisor to Vincere Capital. Dentons acted as legal advisor to Phoenix Rising FC.