HOF Capital plans to double down on its strategy of focusing on pre-seed through Series A, now with a brand new $300 million fund, its second institutional early-stage fund.
After moving to the U.S. from Egypt 11 years ago, Hisham Elhaddad, Onsi Sawiris and Fady Yacoub founded a venture capital firm. Six years later, they have more than $1 billion in assets.
They wanted to build a firm that could get in the trenches with its portfolio companies, because they saw Silicon Valley as a tight-knit circle of insiders that constantly got access to the best opportunities.
We are a young entrepreneurial team with almost every investment team member having aSTEM background, so we speak the same language as the founders we partner with, according to Elhaddad.
Six years later, they have more than $1 billion in assets. They amassed a global investor base that now includes over 200 enterprises and entrepreneurs. Elhaddad wouldn't say who the limited partners were for the fund.
The firm is industry-neutral, but gravitates toward areas like tech-enabled human enhancement and deep learning-enabled software. It has a portfolio of companies like Yoco.
Entrepreneurs that have a deep understanding of market opportunities, are competitive, and those that are focused on building a defensible moat are what the firm looks for.
We try to imagine what the world will look like in 10 to 20 years. It is exciting to play a role in areas with potential for value creation.
HOF Capital is unique in that it can follow on in multiple rounds through the company's lifecycle, from pre-seed to pre-IPO or token listing.
HitPay, Jambo, Reframe, Teiko Bio, and Ghost Financial are just a few of the investments made by HOF Capital.
The venture slowdown is impacting fundraising for startups of every size, sector
All Rights Reserved © 2024
