Founded in 2017 by Edgar Bronfman Jr. and Daniel Leff, Waverley Capital focuses on investing in startups in the media and entertainment sectors. Headquartered in New York, the firm typically invests in rounds with more than 10 participants and has been involved in funding rounds alongside Watertower Ventures, Michael Kassan, and Techstars. Notable sponsors for the fund include Watertower Ventures, Maveron, and Greycroft. The fund has a preference for startups that are 2-3 years old and has invested in companies such as Novel Effect and Wondery. Waverley Capital is known for committing exits more frequently than other organizations, with a typical investment value ranging from $50-100 million. The fund is involved in 2-6 deals per year and manages WL FuboTV, a venture capital fund located in Palo Alto, California.