Smash Ventures, Backer of Epic Games and Manscaped, Raises $500 Million for New Fund

Harri Weber

Harri is dot.LA's senior finance reporter. She previously worked for Gizmodo, Fast Company, VentureBeat and Flipboard. Find her on Twitter and send tips on L.A. startups and venture capital to harrison@dot.la.

Smash Ventures, Backer of Epic Games and Manscaped, Raises $500 Million for New Fund
Photo by Jeremy Bishop on Unsplash

Smash Ventures, a late-stage venture capital firm founded by former Disney executives, has raised $500 million for a new venture fund, according to a regulatory filing with the Securities and Exchange Commission.


Hollywood-based Smash has announced only a handful of tech investments since launching in 2018. The firm, led by co-founders and managing partners Eric Garland and Evan Richter, has backed Fortnite-creator Epic Games, sports betting giant DraftKings, conspicuously named grooming brand Manscaped, and search engine DuckDuckGo.

Smash maintained a relatively low profile until March 2021, when it announced a $75 million fund. At the time, the founders claimed that they had already deployed a total of $500 million in capital.

Nine-figure raises aren’t unusual for late-stage VCs like Smash, and some established names have pushed the envelope further. Venture capital giant Andreessen Horowitz, for example, secured $2.2 billion last year solely to invest in cryptocurrency-related ventures.

Smash Ventures did not respond to a request for comment on the new fund.

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Genies Wants To Help Creators Build ‘Avatar Ecosystems’

Christian Hetrick

Christian Hetrick is dot.LA's Entertainment Tech Reporter. He was formerly a business reporter for the Philadelphia Inquirer and reported on New Jersey politics for the Observer and the Press of Atlantic City.

Genies Wants To Help Creators Build ‘Avatar Ecosystems’

When avatar startup Genies raised $150 million in April, the company released an unusual message to the public: “Farewell.”

The Marina del Rey-based unicorn, which makes cartoon-like avatars for celebrities and aims to “build an avatar for every single person on Earth,” didn’t go under. Rather, Genies announced it would stay quiet for a while to focus on building avatar-creation products.

Genies representatives told dot.LA that the firm is now seeking more creators to try its creation tools for 3D avatars, digital fashion items and virtual experiences. On Thursday, the startup launched a three-week program called DIY Collective, which will mentor and financially support up-and-coming creatives.

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Here's What To Expect At LA Tech Week

Christian Hetrick

Christian Hetrick is dot.LA's Entertainment Tech Reporter. He was formerly a business reporter for the Philadelphia Inquirer and reported on New Jersey politics for the Observer and the Press of Atlantic City.

Here's What To Expect At LA Tech Week

LA Tech Week—a weeklong showcase of the region’s growing startup ecosystem—is coming this August.

The seven-day series of events, from Aug. 15 through Aug. 21, is a chance for the Los Angeles startup community to network, share insights and pitch themselves to investors. It comes a year after hundreds of people gathered for a similar event that allowed the L.A. tech community—often in the shadow of Silicon Valley—to flex its muscles.

From fireside chats with prominent founders to a panel on aerospace, here are some highlights from the roughly 30 events happening during LA Tech Week, including one hosted by dot.LA.

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This Week in ‘Raises’: Triller Grabs $310M, GordonMD Lands $83M

Decerry Donato

Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.

This Week in ‘Raises’: Triller Grabs $310M, GordonMD Lands $83M
Modified by Joshua Letona

Los Angeles-based social video app Triller received an equity capital infusion to aid its plans to go public, while West Hollywood-based AmazeVR received fresh funding to further expand its VR concert experience.

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