Homebrew targets $50M for new fund

Date:

Share post:


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

Lisa Holden
Lisa Holden
Lisa Holden is a news writer for LinkDaddy News. She writes health, sport, tech, and more. Some of her favorite topics include the latest trends in fitness and wellness, the best ways to use technology to improve your life, and the latest developments in medical research.

Recent posts

Related articles

Anthropic claims its new models beat GPT-4

AI startup Anthropic, backed by hundreds of millions in venture capital (and perhaps soon hundreds of millions...

Airbnb has a new label to denote its top (and worst) listings

Airbnb already has labels like “Guest favorites” and “Superhost” to indicate the quality of a property or...

Apple plans to appeal European Commission’s massive antitrust fine favoring Spotify

Apple says it plans to appeal the historic €1.84 billion fine issued today by the European Commission...

TikTok launches data portability API ahead of Europe’s DMA regulatory deadline

TikTok is introducing a data portability API to help it comply with new European regulations designed to...

Apple announces new 13-inch and 15-inch MacBook Air models with M3 chip

Apple announced new MacBook Air models with 13-inch and 15-inch screen sizes with M3 Chip. The 13-inch...

Apple fined $1.84BN in EU over anti-steering on iOS music streaming market

The European Union has fined Apple €1.84 billion for breaching antitrust rules in the market for music...

When your cap table makes your startup uninvestable

The CEO of a Norwegian hardware startup shared a pitch deck with me that had an unusual...

Indonesia fintech Wagely makes bank while helping the unbanked

Wagely, a fintech out of Indonesia, made a name for itself with earned wage access: a way...