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The firm plans to do five to six investments per year, sized between $3 million and $7 million. So far, they deployed capital to five startups: at home fitness system Tonal, live soccer streaming platform mycujoo, digital sports network Overtime, ticketing and events platformFevo and gaming studio Phoenix Labs. Sapphire began backing tech startups in 2008; in 2016, the firm closed on $1 billion for its third flagship venture fund..

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