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§ Venture Capital · Chicago, IL, USA
Early-stage venture capital firm investing in and guiding sports and technology startups, focused on sports, media, and entertainment tech.
KB Partners is an early-stage venture capital firm investing in sports and technology startups, based in Highland Park, Illinois. The firm focuses on companies at the intersection of sports, media, and entertainment technology, including AI, data analytics, gaming, and fan engagement. They provide capital and strategic guidance to portfolio companies across sectors like sports betting, esports, and human performance. KB Partners raised a $40 million fund around 2017-2018, followed by a $127 million fund, establishing itself as one of the first VC firms solely dedicated to sports tech. Notable exits include Active Network, Golf.com, and Club Champion Golf, with the firm led by Managing Partner Keith Bank and Principal Matt Howard. KB Partners was founded in 1996 by Keith Bank.
Key people at KB Partners.
Key people at KB Partners.
KB Partners is a venture capital firm specializing in early-stage investments at the intersection of sports and technology. The firm’s mission centers on partnering with innovative entrepreneurs to build dominant companies by leveraging deep industry expertise and networks. Their investment philosophy emphasizes long-term value creation through strategic support and hands-on engagement with portfolio companies, which span sectors such as fan engagement, sports betting, content platforms, and athlete services. KB Partners plays a significant role in the startup ecosystem by fostering innovation that enhances sports experiences and drives technological advancement in entertainment and athlete services[1][2][3].
Founded in 1996 by Keith Bank, KB Partners began with angel investments before raising traditional venture capital funds focused on technology-oriented early-stage companies. Over time, the firm evolved to concentrate on the sports-tech niche, investing through funds like the Myriad Opportunity Fund I & II. The founding team’s extensive operating experience and strategic mindset have shaped KB Partners into a value-add investor known for deep relationships and active involvement in portfolio companies’ growth. Key partners include Keith Bank (Founder and Managing Partner), John Garabedian, Lance Dietz, and Matt Howard, who collectively bring decades of expertise to the firm’s investment and operational support[2][6].
KB Partners rides the growing trend of technology integration in sports, including data analytics, fan engagement, and digital content delivery. The timing is favorable due to increasing consumer demand for immersive sports experiences and the expansion of sports betting markets. Market forces such as advances in mobile technology, AI, and real-time data analytics work in their favor. By backing innovative startups, KB Partners influences the broader ecosystem by enabling new business models and enhancing the sports industry's technological sophistication[1][3][5].
Looking ahead, KB Partners is poised to deepen its influence in sports technology by continuing to invest in cutting-edge innovations that transform how fans, athletes, and organizations interact. Trends such as augmented reality, AI-driven analytics, and blockchain in sports are likely to shape their investment focus. Their strong network and operational expertise position them to help portfolio companies scale rapidly and lead market disruption. As the sports-tech sector grows, KB Partners’ role as a strategic partner and investor will likely expand, reinforcing their reputation as a key driver of innovation in this dynamic intersection[2][5].
KB Partners has more than 26 tracked investments across 24 companies. The latest tracked deal is $7.0M Seed in International Dance League in November 2025.