Homebrew closed $90 million fund


by DailyPost 23 Views 0

Homebrew is announcing the close of its third fund. This time they’ve raised $90 million, a rise from $50 million in 2015 and $35 million for its debut fund in 2013.

Led by Hunter Stroll and Satya Patel, the seed-stage enterprise agency has spent the previous 5 years investing in U.S.-based startups on the onset. A number of of its portfolio corporations have gone on to boost vital funding, together with Managed by Q, Shyp and theSkimm. They’ve additionally had exits, together with Bond Road, which was acquired by Goldman Sachs and Clementine, which was purchased by Dropbox.

“Homebrew III’s technique is to pay attention capital, time and status behind 6-Eight new investments per yr and to work intently with these groups to assist them construct the businesses they envision,” stated the agency’s weblog submit.

The group seems for “groups with clear visions for the longer term and each the angle and aptitude wanted to get there.” These are “founders who're disrupting their industries with love and empathy fairly than contempt.”

Earlier than Homebrew, Patel was VP of product at Twitter. He was additionally a associate at Battery Ventures and beforehand labored at Google.

Stroll led shopper product administration at YouTube and in addition held prior roles at Google.

Different members of the group embrace Beth Scheer, head of expertise and Charo Gioia, director of operations.