Cobalt Capital
VC Fund
Santa Monica, United States
Cobalt Capital is a VC fund in Santa Monica focused on Sports and Artificial Intelligence. Formerly known as Evolution Media, Cobalt Capital is a multi-stage investment firm that partners with exceptional teams to build the next generation of consumer, technology, content, and lifestyle businesses to help them scale their vision. Cobalt invests in rising technology companies that impact culture and uses its deep domain expertise and relationships to accelerate the growth of its portfolio companies while helping them reshape and disrupt their industries.
- Total investments:
- 21
- Last investment:
- Lead investor:
- 19%
- Fund size:
- $20M
- Last fund:
Last updated:
For AI agents: llms.txt
Industries Cobalt Capital invests in
Stages Cobalt Capital invests in
Countries Cobalt Capital invests in
Contacts
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Investment Focus
Industry
- Sports 4 (19%)
- Artificial Intelligence 3 (14%)
- Media and Entertainment 3 (14%)
- SaaS 2 (10%)
- Video 2 (10%)
Stage
- Venture - Series Unknown 5 (24%)
- Series A 3 (14%)
- Series C 3 (14%)
- Funding Round 3 (14%)
- Series B 2 (10%)
Country
- United States 15 (71%)
- Canada 1 (5%)
- United Kingdom 1 (5%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
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Dan Abrams
Managing Partner
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Managing Partner | Total investments: 3 | Find email | |
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James Moore
CFO
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CFO | Total investments: 0 | Find email | |
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Rick Hess
Founder and Managing Partner
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Founder and Managing Partner | Total investments: 2 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| Parallel Systems designs an autonomous, zero-emissions freight transportation system. The company believes the future of freight transportation should be fast, inexpensive, and clean, while also reducing congestion on the highways. Parallel Systems was founded in 2020 and is headquartered in Los Angeles, California. | $100M / Series C / Oct 07, 2026 | ||
| p°Motion is a body movement tracking and analysis platform optimizing athletic performance. | Series A / Sep 25, 2026 | ||
| Tonal is a smart home gym that uses artificial intelligence and expert-led coaching to provide strength training.It manufactures and provides Tonal, fitness training equipment. The equipment is installed on walls and offers personalized workouts through it. It also provides workout plans, such as building muscles, balancing strength, and athleticperformance based on individual requirements. It also offers live-recorded classes by coaches. Aly Orady founded Tonal in 2015 and is headquartered in San Francisco, California. | $130M / Venture - Series Unknown / Apr 10, 2023 | ||
| Yuga Labs is a blockchain technology company that develops NFTs and digital collectibles. It specializes in the fields of blockchain, cryptocurrency, and digital media. Yuga Labs was founded in 2021 by Wylie Aronow and Greg Solano and headquartered in Miami, Florida. | $450M / Seed / Mar 22, 2022 | ||
| Genvid Technologies develops software tools for eSports interactive streaming. It was created by a team of veterans who pioneered innovations in server-side gaming. Genvid's technologies are built for game developers and broadcasting companies looking for tools tailored with games in mind. It is the first developer-grade broadcast technology,integrated with game engines.Founded in 2016, Genvid Technologies is based in New York City. | $113M / Series C / Jul 15, 2021 | ||
| Intellimize automatically optimizes websites to drive revenue and customer acquisition using machine learning. It helps marketers drive conversions and revenue growth by personalizing websites to deliver the right experience to each visitor on any device. They automate this using machine learning. Leading companies rely on Intellimize to delivermore revenue, faster, and with less work than traditional A/B testing or rules-based personalization. The company also personalizes mobile and desktop websites for each unique visitor in real-time.Intellimize was founded in 2016 and is headquartered in San Mateo, California. | $30M / Series B / Jul 08, 2021 | ||
| Mux is building the future of online video infrastructure. They started off by building Mux Data, a best-in-class performance analytics tool that’s trusted by developers at companies like Vimeo, Robinhood, CBS Interactive, Discovery, PBS, and TED. Billions of monitored streams later, they launched Mux Video, a simple API for video hosting,encoding, and streaming. Take any video file or live stream and make it play beautifully at scale on any device, powered by magical-feeling features like automatic thumbnails, animated GIFs, and data-driven encoding decisions.Mux measures the performance metrics that actually matter to viewers: rebuffering, startup time, video quality, and errors. Its intuitive dashboard quickly gives users the insight to find issues and make improvements through features like A/B testing, industry-wide scores, alerts, and detailed information about every single video view. | $105M / Series D / Apr 30, 2021 | ||
| Tonal is a smart home gym that uses artificial intelligence and expert-led coaching to provide strength training.It manufactures and provides Tonal, fitness training equipment. The equipment is installed on walls and offers personalized workouts through it. It also provides workout plans, such as building muscles, balancing strength, and athleticperformance based on individual requirements. It also offers live-recorded classes by coaches. Aly Orady founded Tonal in 2015 and is headquartered in San Francisco, California. | $250M / Series E / Mar 31, 2021 | ||
| Mux is building the future of online video infrastructure. They started off by building Mux Data, a best-in-class performance analytics tool that’s trusted by developers at companies like Vimeo, Robinhood, CBS Interactive, Discovery, PBS, and TED. Billions of monitored streams later, they launched Mux Video, a simple API for video hosting,encoding, and streaming. Take any video file or live stream and make it play beautifully at scale on any device, powered by magical-feeling features like automatic thumbnails, animated GIFs, and data-driven encoding decisions.Mux measures the performance metrics that actually matter to viewers: rebuffering, startup time, video quality, and errors. Its intuitive dashboard quickly gives users the insight to find issues and make improvements through features like A/B testing, industry-wide scores, alerts, and detailed information about every single video view. | $37M / Series C / Aug 10, 2020 | ||
| Mux is building the future of online video infrastructure. They started off by building Mux Data, a best-in-class performance analytics tool that’s trusted by developers at companies like Vimeo, Robinhood, CBS Interactive, Discovery, PBS, and TED. Billions of monitored streams later, they launched Mux Video, a simple API for video hosting,encoding, and streaming. Take any video file or live stream and make it play beautifully at scale on any device, powered by magical-feeling features like automatic thumbnails, animated GIFs, and data-driven encoding decisions.Mux measures the performance metrics that actually matter to viewers: rebuffering, startup time, video quality, and errors. Its intuitive dashboard quickly gives users the insight to find issues and make improvements through features like A/B testing, industry-wide scores, alerts, and detailed information about every single video view. | $37M / Series C / Jul 23, 2020 | ||
| See all 21 investments → | |||
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FAQ
What does Cobalt Capital invest in?
Cobalt Capital invests primarily in Sports, Artificial Intelligence and Media and Entertainment startups, most often at Venture - Series Unknown and Series A stage. Most of the 21 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.
How do I contact Cobalt Capital?
Public channels for Cobalt Capital include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at Cobalt Capital?
The team at Cobalt Capital includes Dan Abrams (Managing Partner), James Moore (CFO) and Rick Hess (Founder and Managing Partner). The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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