Venture capital firm Homebrew is New fund goal is $50 millionaccording to a new filing with the U.S. Securities and Exchange Commission.
The filing was a bit of a surprise, considering Homebrew announced it was pursuing it about two years ago. more Evergreen model that is not limited by stage It would simply be funded by Satya Patel and hunter walkGeneral Partner of Homebrew. However, many companies raise multiple funds at any given time to target specific opportunities. For example, some early-stage companies raise a second opportunity-focused fund to supplement their primary vehicle.
TechCrunch reached out to Walk for comment on the new filing, but Walk said he could not say anything publicly at this time.
Homebrew announced in March 2022 that it will become an open-end fund structure with no end date.
The San Francisco-based firm, which has historically focused on seed-stage investments, says it has made about 200 investments since its founding in 2013. crunch base. We have supported Winnie, Finix, Concentric AI, Mercury, Plaid, and more. Homebrew has seen at least 30 portfolio companies exit, including Cruise, Weave, and Cheddar.
Most recently, he led a $12 million Series A round in Slang.ai, a platform that automatically answers calls for restaurants, retailers, and other brick-and-mortar businesses.