New York-based venture capital firm Sharp Alpha Advisors has secured $25 million for its second fund, which will primarily invest in early stage software companies in the sports, gaming, and entertainment sectors. The fund aims to invest between $1 million and $2 million in 15 startups that fall under the category of "competitive entertainment," such as technology firms catering to sports betting, fantasy sports, streaming platforms, and video games. Sharp Alpha has already invested in London-based technology startup C15 Studio, which operates and distributes streaming channels for Formula 1 and One Championship, and plans to make further investments over the next three to five years. Additionally, the firm has a sidecar vehicle for limited partners to invest more money in individual companies within the fund.