The owners of the San Francisco 49ers are raising millions for a new venture fund, according to a new filing.
49ers CEO and owner Jed York is looking to raise $50 million for a new venture fund called Aurum Fund I, according to a document filed with the Securities and Exchange Commission on Thursday
PitchBook first reported the news on Friday.
York is listed as a managing partner, alongside Brano Perkovich, who is also the chief investment officer for the 49ers. Both men are general managing partners for York's family office, Aurum Partners, according to its website.
The York family office and the new fund are both located in Menlo Park, according to the filing. Other documents filed with the state also show both being primarily based in Santa Clara, as well, at 4949 Marie P. DeBartolo Way, located across from Levi's Stadium.
It's unclear if the 49ers is a limited partner or affiliated with the new fund. I reached out to Aurum Partners and the 49ers for clarification but neither responded to a request for comment.
Aurum Partners was incorporated in 2013, according to a state filing, and has made 32 investments since then, according to PitchBook. Its investments have included online betting sites Jackpot.com and FanDuel, as well as Allbirds, Gusto, Lottery.com, Dropbox, Turo, BallerTV and Swag Golf.
The Yorks appear to have formed vehicles for two different funds in 2020, according to state filings. Legally known as Aurum Fund I LLC and Aurum Seed Fund I LLC, John York is listed as a manager in updated statements of information filed with the state last year.
The seed fund doesn't appear to be raising any capital commitments, yet.
Jed York is also being sued for alleged insider trading related to another Santa Clara-based company, Chegg.
Founded in 2005, Chegg provides online educational content and tutoring services. York has been on its board since 2013, according to Chegg's website. A pair of lawsuits accuse York and others of dumping stock without informing investors about the full extent of a cheating scandal in 2020.
"It’s a completely frivolous lawsuit," York told NBC Sports Bay Area on Friday.
