Penny Jar Capital, an early-stage investment company created by Bryant Barr and Richard Scudellari, with basketball celebrity Stephen Curry acting as a special advisor, has submitted documentation to establish Fund II with no specified target amount, as per an SEC form submitted in October.

In the same month, the firm also submitted an application to create what is seen as a different entity named Fund II Collective, also with no designated target amount.

Penny Jar did not give an immediate reply to TechCrunch’s inquiry for remarks. 

According to an SEC form, the firm previously applied to raise Fund I in June 2021. Although this form hasn’t been refreshed yet, PitchBook notes that the Fund concluded for an unspecified sum in September of that year. PitchBook records about 18 investments by the firm, despite its website listing 14, in firms like the cybersecurity company Upwind, automation platform Ducky, and the digital staff training platform Praxis Labs. 

Penny Jar Capital commenced operations in 2021, and with this, Curry joined the growing roster of athletes delving into the technology sector and venture capital. Kevin Durant initiated 35V, Serena Williams operates Serena Ventures, and recently, Milwaukee Bucks’ Giannis Antetokounmpo disclosed plans to start a venture enterprise. 

Barr used to be Curry’s business manager and the president of SC360, created to oversee Curry’s brand sphere. Scudellari, conversely, served as an investment associate at SC360. Curry aids the firm in identifying investment prospects and “operates subtly to enhance impact for the portfolio companies,” as detailed on Penny Jar’s site.