Thursday, June 25, 2020

Creative Artists Agency, NEA Launch Investment Partnership

The Creative Artists Agency and venture investor New Enterprise Associates (NEA) have launched a new, investment partnership to invest in early-stage, consumer focused businesses, the two said on Thursday. According to the companies, the new venture--Connect VenturesSpire Animation Studios, which was co-founded by Brad Lewis, the producer of Ratatouille. The new partnership is one of the latest efforts by the CAA to move into the venture investments business--it also is behind CAA Ventures, its own venture investment firm, and a few years ago created Creative Labs, its own "startup studio"; more than a decade ago, CAA also started its own venture capital fund along with Draper Fisher Jurvetson.