WEB Billionaire Family-Backed Firm Raises 100 Million Venture Fund
Mark Bezos's HIPstr Secures Third Fund
Investment Arm Raises 100 Million, Backed by Bezos and Private Equity Veteran
HIPstr, the venture arm of Mark Bezos and David Moross's HighPost Capital, has raised $100 million from undisclosed investors for its third fund. The fund will focus on investing in early-stage technology companies.
This is the third fund for HIPstr, which previously raised $48 million in 2018. The firm's previous investments include companies such as Verifiable, a provider of digital identity solutions, and Embark Trucks, a self-driving truck company.
The venture capital market is currently facing challenges due to macroeconomic factors such as rising interest rates and inflation. However, HIPstr believes that there are still opportunities for investment in early-stage companies with strong fundamentals.
HIPstr's multi-billion-dollar Meta position could be a factor in its ability to raise funds. The firm manages Meta shares on behalf of Mark Bezos, the younger brother of Amazon founder Jeff Bezos.
HIPstr's investment strategy focuses on identifying and investing in early-stage technology companies with the potential for high growth. The firm typically invests between $500,000 and $2 million in each company.
HIPstr's team has a strong track record in venture capital. Mark Bezos has previously worked at Bridgewater Associates, the world's largest hedge fund. David Moross has over 20 years of experience in private equity.
The firm's previous investments have generated strong returns for its investors. HIPstr's portfolio companies have a combined valuation of over $1 billion.
HIPstr's latest fundraise is a sign of the continued interest in venture capital investment. Despite the current market challenges, investors are still looking to back early-stage companies with the potential for high growth.
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