Homebrew to target $50M for new fund

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Venture capital firm HomebrewYou can learn more about it here. Targeting $50 million for the new fundAccording to a recent filing with the U.S. Securities and Exchange Commission,

The filing is a bit surprising, considering that Homebrew announced nearly two years ago that it was pursuing A more stage-agnostic evergreen modelThis would be funded by Satya patelYou can also find out more about the following: Hunter Walk, Homebrew’s general partners. Many firms raise multiple funds at any one time to target specific opportunities. Some early-stage companies raise a secondary fund that is aimed at identifying new opportunities to complement their primary vehicle.

TechCrunch contacted Walk for comment on the new filing, but he stated that he could not say anything publicly.

Homebrew stated that in March 2022 it would have a structure of open-ended funds with no expiration date. 

According to reports, the San Francisco-based company, which has historically focused on investing at seed-stage, has made around 200 investments since its inception in 2013. Crunchbase. It has supported companies such as Winnie and Concentric AI. Mercury and Plaid have also been backed. Homebrew has seen more than three dozen portfolio companies leave, including Cruise Weave, and Cheddar.

It has led the way in recent years. 12 Million Series A roundSlang.ai can automatically answer the phone for brick-and mortar businesses such as restaurants, retailers, etc.

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Original content by Techcrunch.com, “Homebrew Targets $50M for New Fund”

Read the complete article at https://techcrunch.com/2024/02/12/homebrew-targets-50m-for-new-fund/

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