SBVP in the News

April 22nd, 2024

SBVP turns to secondaries to satisfy LPs' thirst for liquidity

The late-stage software investor managed to produce three exits in four weeks to end Q1 2024 even as exits via traditional routes drop quarter-on-quarter.

April 8th, 2024

Exits Are Few These Days. So One Fledgling VC Firm Created Its Own

Instead of waiting for IPOs to revive or acquisitions to pick up, Santa Barbara Venture Partners has been selling shares of its portfolio companies.

February 15th, 2024

DraftKings Reaches Agree-ment to Acquire Jackpocket for $750 Million

Transaction Expected to Drive $60 Million to $100 Million of Adjusted EBITDA in Fiscal Year 2026.

May 5th, 2023

Emerging Manager Spotlight: Dan Engel of Santa Barbara Venture Partners

Founder and Managing Partner, Dan Engel, offers a unique perspective on what it’s like to be an emerging VC manager in today’s market.

March 29, 2023

Dan Engel and Dan Hedden of Santa Barbara Venture Partners: Making Genuine Investment Partnerships

In Tacos + Tech latest episode, Neal Bloom interviews Dan Engel and Dan Hedden of Santa Barbara Venture Partners talk about their operator backgrounds, investment focus, and the tech community in Santa Barbara.

December 13, 2022

SBVP recruits CTO of Salesforce to its portfolio company

 Spin Technology, Inc., developer of the ultimate all-in-one SaaS data protection platform ‘SpinOne’ for mission-critical SaaS apps, today announced that former Salesforce CTO Steven Tamm has joined the company as its first-ever strategic technology advisor.

June 30, 2022

Talking Tech with Santa Barbara Venture Partners’ Founder

Dan Engel offers an investor’s perspective on the market.

June 17, 2022

Santa Barbara Venture Partners closes fund, focuses on established software companies

When Santa Barbara Venture Partners joined the local venture capital industry, its founder, Dan Engel, and fellow investor Dan Hedden knew they wanted to fill a different need in the market.

June 3, 2022

Meet Jackpocket, The Mobile App Winning Big In The $83 Billion U.S. Lottery Market

“He’s sitting on a potential goldmine and he’s sitting there alone, and we like that,” says Dan Engel. “He’s a racehorse you want to bet on, not the kind you want to compete against.”

June 2, 2022

Meet the New Santa Barbara Venture Fund Eyeing Software Startups

A new venture fund based up the 101 isn’t letting the current market slowdown curb its appetite for new software startups.

May 25, 2022

VatorNews does feature on Dan Engel and SBVP

Venture capital used to be a cottage industry, with very few investing in tomorrow’s products and services. Oh, how times have changed! While there are more startups than ever, there’s also more money chasing them.

February 7, 2022

Assure presents What's Going on in Venture with Dan Engel

Assure CEO Jeremy Neilson talked with Dan about his use of sidecar SPVs alongside his venture fund and how his SPVs will more than double his AUM.  Dan further explained how using SPVs is a game-changer for emerging fund managers.

January 13, 2022

SBVP company Classy Acquired by GoFundMe

GoFundMe announced today that it will acquire Classy, a nonprofit fundraising software company. This is an all equity deal, though the company did not disclose the financials.

November 19, 2021

Backed by local venture firm, tech company opens new Santa Barbara headquarters

The venture firm’s latest investment is Jackpocket, a New-York based lottery courier software company that will be opening a second headquarters in Santa Barbara before the end of the year.