Homebrew targets $50M for new fund

Share via:


Venture capital firm Homebrew is targeting $50 million for a new fund, according to a new filing with the U.S. Securities and Exchange Commission.

The filing comes as a bit of a surprise considering that Homebrew nearly two years ago said it was pursuing a more stage-agnostic evergreen model that would be funded solely by Satya Patel and Hunter Walk, Homebrew’s general partners. But many firms raise more than one fund at any given time to target particular opportunities; for example, some early-stage firms raise a second, opportunity-focused fund as well to supplement their main vehicle.

TechCrunch reached out to Walk for comment regarding the new filing but he said he was not able to say anything publicly at this time.

In March of 2022, Homebrew said it would have an open-ended fund structure with no termination date. 

The San Francisco-based firm, which historically focused on seed-stage investing, has made some 200 investments since its 2013 inception, according to Crunchbase. It has backed the likes of Winnie, Finix, Concentric AI, Mercury and Plaid, among others. Homebrew has seen at least three dozen portfolio companies exit, including Cruise, Weave and Cheddar.

Most recently, it led the $12 million Series A round into Slang.ai, a platform that automatically answers the phone for restaurants, retailers and other types of brick-and-mortar businesses.





Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Homebrew targets $50M for new fund


Venture capital firm Homebrew is targeting $50 million for a new fund, according to a new filing with the U.S. Securities and Exchange Commission.

The filing comes as a bit of a surprise considering that Homebrew nearly two years ago said it was pursuing a more stage-agnostic evergreen model that would be funded solely by Satya Patel and Hunter Walk, Homebrew’s general partners. But many firms raise more than one fund at any given time to target particular opportunities; for example, some early-stage firms raise a second, opportunity-focused fund as well to supplement their main vehicle.

TechCrunch reached out to Walk for comment regarding the new filing but he said he was not able to say anything publicly at this time.

In March of 2022, Homebrew said it would have an open-ended fund structure with no termination date. 

The San Francisco-based firm, which historically focused on seed-stage investing, has made some 200 investments since its 2013 inception, according to Crunchbase. It has backed the likes of Winnie, Finix, Concentric AI, Mercury and Plaid, among others. Homebrew has seen at least three dozen portfolio companies exit, including Cruise, Weave and Cheddar.

Most recently, it led the $12 million Series A round into Slang.ai, a platform that automatically answers the phone for restaurants, retailers and other types of brick-and-mortar businesses.





Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Mixed Week For New-Age Tech Stocks Amid Market Volatility

The ongoing earnings season, presidential elections in the...

tcs: Fog lifts; optimism now in the air

After witnessing a hazy macro environment for five...

OpenAI reportedly developing new strategies to deal with AI...

OpenAI’s next flagship model might not represent as...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!