San Francisco-based seed investor Homebrew, a backer in Bond Street, Pillow and Shyp, among others, announced it has raised $90 million for its third early-stage fund. The new vehicle is 80 percent larger than the $50 million the firm raised almost exactly three years ago for its second fund. At that time, Homebrew also raised $35 million for a follow-on fund to do primarily Series B deals.
The regulatory filing does not indicate how many investors committed to the fund.
The firm was launched in 2013 with a $35 million fund. It is led by co-founding Partners Satya Patel and Hunter Walk. In mid-2015, it added Beth Scheer as its head of talent.
Source: Homebrew blog post
Update: The above post was updated to include the firm’s regulatory filing.