# Waverley Capital

Waverley Capital is a Private Equity based in Palo Alto, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Palo Alto, United States
- **Region:** North America
- **Address:** Palo Alto, CA, United States
- **Founded:** 2017
- **Assets under management:** Undisclosed
- **Website:** www.waverleycapital.com

## Regulatory record

- **CRD number:** 296514
- **SEC file number:** 802-120817
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/296514

## About

Waverley Capital is a venture capital firm focused solely on the innovation and disruption occurring globally throughout the $1T+ media, entertainment and sports industries. Its mission is to partner with exceptional entrepreneurs in the media ecosystem to help them build category-defining companies. It presents itself as a partner of choice for media, entertainment, and sports entrepreneurs building category-defining companies.

## Sectors

- Media & Entertainment
- Enterprise Software
- AI/ML

## Offices

- New York, NY, United States

## People

- Edgar Bronfman Jr. — Co-Founder and Managing Partner
- Daniel Leff — Co-Founder and Managing Partner

## Questions

### Who makes investment decisions at Waverley Capital?

Edgar Bronfman Jr. and Daniel Leff lead investment decisions as co-founders and managing partners. Bronfman brings operational media experience as the former CEO of Warner Music Group, while Leff contributes years of venture investing through his prior firm Luminari Capital. Both take board seats at portfolio companies and are actively involved in sourcing and diligence.

### Does Waverley Capital lead rounds or participate as a co-investor?

Waverley leads and co-leads early-stage and growth rounds, but also participates alongside other venture firms in syndicated deals. The firm frequently co-invests with top-tier VCs including Accel, Greylock, and Lightspeed, and maintains reserve capital for follow-on investments as portfolio companies scale.

### Which sectors does Waverley Capital explicitly avoid?

Waverley does not publicly maintain an explicit avoidance list. However, given its narrow mandate at the intersection of media and technology, the firm does not invest in life sciences, hard tech, or industrial verticals that lack a content or distribution angle. Its portfolio has historically concentrated on streaming, ad tech, gaming, and AI-driven media tools.

### Is Waverley Capital a corporate venture arm for any specific media company?

No. Waverley is an independent venture capital firm, not a corporate venture arm. While the LP base includes major media conglomerates and the firm facilitates commercial introductions between portfolio companies and strategic partners, investment decisions are made independently by the GP.

### What investment stages does Waverley Capital target?

Waverley targets companies from seed through growth stage. The firm has invested in pre-revenue content platforms, Series A ad-tech companies, and later-stage rounds for businesses scaling recurring revenue. This stage flexibility allows the firm to follow companies from initial product-market fit through expansion rounds.

### How does Waverley source deals differently from generalist venture firms?

Waverley's sourcing advantage comes from its GP network and LP base. Bronfman's relationships across Hollywood, music labels, and media distribution, combined with Leff's venture network, produce deal flow that passes through an operator filter. The strategic media LPs also surface startup needs within their own organizations, creating a pipeline of companies building technology specifically for large-scale media buyers.

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Last updated: 2026-08-11T15:08:32.892Z

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