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HOF Capital Brings $ 300 Million to TechCrunch, a Second Early Fund

Once you’ve done well with venture capital, you want to keep repeating it, and HOF Capital With plans to double its strategy of focusing on pre-seed through Series A, there is now a new $ 300 million fund, the second institutional early stage fund.

Hisham Elhaddad, Onsi Sawiris and Fady Yacoub co-founded a venture capital firm in 2016 after moving from Egypt to the United States 11 years ago. Six years later, they manage $ 1.2 billion in assets.

They saw Silicon Valley as “a close circle of insiders with constant access to the best opportunities” and wanted to create a company that could essentially enter the gap with portfolio companies.

“We’re a young entrepreneurial team and almost every investment team member has a STEM background, so we speak the same language as our partner founders,” Elhaddad told TechCrunch. “We truly roll up our sleeves, take the backseat from a management perspective, trust them by leading their company, and support the recruitment, strategy, and everything else the founders need. . “

Six years later, they manage $ 1.2 billion in assets. Meanwhile, they have also accumulated a global investor base, including 240 companies and entrepreneurs. Elhaddad refused to go into details about who the fund’s limited partners are.

The company is industry agnostic, but is drawn to areas such as fintech, deep learning software, computational biology, immersive computing, technology-enabled human enhancement, and web3.The portfolio includes companies such as: Epic Games, side, loopTerra Dapper Labs..

The company has a deep understanding of market opportunities and is looking for a competitive entrepreneur. This is what Elhaddad calls “focusing on building a defensive moat for the business.” We aim to create an influential generation of companies. “

“We are always trying to imagine what the world will look like in 10 to 20 years, and how technology can make a big positive change,” Elhaddad adds. I did. “That’s how we embark on the themes we’re investing in today. It’s not exciting to play a role in the infinite potential of value creation.”

The new fund complements the company’s ability to follow multiple rounds throughout the company’s lifecycle, from pre-seed to pre-IPO or token list. This is one of the things Elhaddad makes HOF Capital unique.

HOF Capital has already made a lot of investments from Fund II. HitPay (Fintech and e-commerce platforms without code), jumbo (Web3 super app), Reframe (digital health app), Teiko Bio (machine learning compatible precision medicine), Ghost financial (Cashback credit card for restaurants) and Trace finance (Financial products compatible with cryptocurrencies).

https://techcrunch.com/2022/05/03/hof-capital-brings-in-300m-for-second-early-stage-fund/ HOF Capital Brings $ 300 Million to TechCrunch, a Second Early Fund

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