May 27, 2019
Always bet on Jon Steinberg. That’s one of our core Homebrew beliefs(!), both of us having known Jon since our shared days at Google. Accordingly, we were happy to be supporting investors in Cheddar’s seed round a few years back. The Cheddar team executed wonderfully in building a “next generation” news network and many folks took notice. Altice USA not only took notice, but opened its checkbook and acquired the startup earlier this spring for $200 million. Thank you Jon for including us in your journey and we can’t wait to bet on you again, and again, and again.
May 27, 2019
As investors we find ourselves critiquing presentations more than creating new ones, but let us tell you something -- we were damn good at it back in our product management days. Still, we struggled to fit our creativity, collaboration needs and multimedia assets into a bunch of software tools designed during the days of landlines and acetate overheads.
So when our friends Trevor and Jeremy told us about the startup they were founding to reconceive presentation software for modern storytelling, we signed up right away as a supporting investor. And this week Projector gave a glimpse of itself in TechCrunch and via its own blog.
And if this looks awesome to you too, well, they’re hiring.
May 5, 2019
Last month, WeWork announced its acquisition of Managed by Q, a company that Homebrew seed funded in 2014. The decision to sell a startup can be a harrowing one. As a founder, you lose control, you commit your team to a different path and you forgo the potential upside (and avoid the downside!) of remaining independent. The most successful acquisitions are ones in which both the buyer and seller have alignment on strategic rationale, culture and a shared vision.
Managed by Q was founded to provide companies with a single platform to manage all of their workplace tasks and services, helping companies save time and money, and create a better environment for employees. WeWork started with a mission to build communities within beautiful, shared office spaces. When WeWork approached Managed by Q about joining forces, it was clear that WeWork’s scale and global presence, combined with Managed by Q’s deep expertise in workplace management, would help both company’s fulfill their respective, and now joint, missions to even greater effect. The alignment of strategy, culture and vision was clear from the very first conversations between Dan Teran, Q’s founder and CEO, and Adam Neumann, WeWork’s co-founder and CEO.
While the acquisition represents a very good outcome for us as investors, we’re more proud to have contributed to building the culture and values of a company that has set the example for how to build career paths and compensation for all employees. Often times doing the right thing is harder (and more expensive!) than doing the easy thing. But Q has proven that doing the hard thing is not only possible, but also good business.
Congratulations to Dan and the entire Managed by Team! We have no doubt that you and WeWork will be an example of a hugely successful acquisition.
May 5, 2019
A/B testing has been both a boon and a curse for companies since third party software became available to help manage it more than a decade ago. But over time, the limitations of A/B testing, and subsequently multivariate testing, have become clear. That’s why, about two years ago, we led an unannounced seed financing for Intellimize. Intellimize has built an AI-based web personalization service that enables the automation of thousands of tests with hundreds of variables in much less time and with much less effort than earlier approaches. Today, we’re pleased to announce that the company recently completed an $8 million Series A financing led by Amplify Partners.
WHO: Intellimize was founded by a team that has lived and breathed the challenges of web personalization for many years. Guy Yalif, Jin Lim and Brian Webb are machine learning and advertising veterans from Yahoo, Twitter, and BrightRoll. Their combined expertise in engineering, product management and marketing are incredible fits with the market opportunity that Intellimize is addressing.
WHAT: Intellimize uses machine learning to personalize mobile and desktop web experiences dynamically for each unique visitor in real time. With it’s AI-powered platform, the company has been able to deliver an average of 46% conversion lift, 577% more than the average lift seen by traditional A/B tests, in several orders of magnitude less time than traditional tests.
HOW: Lots of software companies talking about leveraging machine learning or AI. But the Intellimize team has actually done so in practice at several companies. That practical expertise is the foundation of the company’s product. And importantly, over the long-term, that same expertise will be brought to bear on the entire testing and personalization process, from ideation to measurement. Intellimize customers are already seeing the benefits of a system that continually improves as more customers and more data become part of the Intellimize ecosystem.
WHY: Guy, Jin and Brian had experienced the pain of testing and personalization firsthand at several different companies. They saw that the status quo was bad for both companies and end users. They started Intellimize because online experiences should be geared to the individual but the process of personalizing those experiences is challenging for companies. We are thrilled to be partners in their mission to enable high quality online experiences for all.
If the combination of data and user experience is near and dear to your heart, Intellimize is hiring.
May 4, 2019
It’s no secret that application security testing is becoming ever more important as private data moves to the cloud. It’s also not a secret that most companies don’t have the expertise or resources needed to identify the vulnerabilities and bugs in their applications. That’s why Fuzzbuzz is automating application security testing, starting with “fuzzing-as-a-service”. We’re delighted to partner with our friends at Fuel Capital and Susa Ventures to provide Fuzzbuzz with its $2.7 million seed financing.
WHO: Co-founders, Everest Munro-Zeisberger, Andrei Serban and Sabera Hussain bring together exactly the engineering, product and design skills needed to build Fuzzbuzz. Everest worked on the Google Chrome fuzzing team, surfacing more than 15,000 bugs using fuzzing. Andrei is an accomplished software developer with experience from leading organizations including Confluent and Cloudflare. And Sabera has the unique ability to translate technical complexity into simple to use and understand products. Together, they’ve launched and generated a ton of buzz(!) amongst potential customers and security experts.
WHAT: Fuzzing or fuzz testing is an automated software testing technique used to discover bugs and vulnerabilities. It involves inputting massive amounts of random, invalid and unexpected data into software to see whether it crashes. While it seems obvious that all software should be tested this way, historically, fuzzing has been expensive and has required specialized skills. Fuzzbuzz has distilled all of that cost and complexity into a service that can be implemented in less than 20 minutes.
HOW: Fuzzbuzz integrates with source-control and continuous integration tools like GitHub, Jenkins and CircleCI, to ensure that the latest versions of code are always being tested. The company generates the tests, so developers don't have to spend their time dreaming them up for every possible scenario. Integrations with Slack, Jira, GitHub, and other developer tools allow for bug alerting and tracking within existing workflow. Finally, Fuzzbuzz is taking advantage of artificial intelligence and machine learning to use feedback from test results to generate new tests automatically, making the product smarter over time.
WHY: Fuzzbuzz’s mission is to make it safer to use software. Delivering code with fewer bugs via fuzzing is the starting point. But the Fuzzbuzz team has a broad vision in mind and we couldn’t be more excited to be a part of their journey. If you’re interested in helping to secure the world’s software, join the Fuzzbuzz team.
March 26, 2019
Any success we had during our product management careers was the byproduct of great teams. Similarly, when Homebrew works with founders we rely not just on our own abilities but also on a network of relationships developed from our decades in the tech community. At any given time there are a small group of these superb individuals who we’re fortunate enough to have as formal advisors to our fund. We’re thrilled to welcome four new Founder Advisors to Homebrew and to deepen our relationship with an earlier Advisor.
Stacy Brown-Philpot: Our relationship with Stacy dates back to our time together at Google. She’s an amazing leader and operator, having helped scale Google’s business for nearly a decade and now serving as CEO of TaskRabbit. Stacy also brings her wisdom and experience to bear as a Board Director for both HP and Nordstrom. Stacy brings smarts, passion and values to everything she touches.
Prakash Janakiraman: Prakash is also a fellow ex-Googler, having built a distinguished career as an engineering leader in Silicon Valley over more than two decades. His experience spans Excite, Shopping.com, Google and Nextdoor, where is co-founder and Chief Architect. Prakash’s unique combination of technical prowess, humility and humor will be incredible assets for our founders.
Ashley Mayer: We originally met Ashley during her years at Box, where over the course of six years, she helped a fast growing enterprise startup retain its unique voice, build a true community among its customers and ultimately go public in a successful IPO. Ashley now leads Communications at Glossier and she’ll be invaluable helping Homebrew founders balance their sizzle and their steak.
Mike Smith: Every company has unsung heroes, and Mike Smith, President and COO at Stitch Fix, is certainly in that group. After serving as COO at Walmart.com, Mike joined Stitch Fix in the very early days and helped build that company into a publicly-traded commerce juggernaut. His expertise in team building, operations, logistics and finance will be invaluable to Homebrew founders.
Cherie Yu: It’s rare to find marketing leaders who span the art and science of the discipline but Cherie is one of these people. Most recently leading Local Marketing at Lyft, we’ve been fortunate enough to know Cherie originally as a Google colleague, and now within the context of supporting Homebrew founders.
We’re also delighted to deepen the relationship with our good friend, Scott Belsky. Scott has been an Advisor to the fund and frequent co-investor as an angel for many years. He brings a true belief in the power of startups to change lives and build products that matter, while sharing a set of values around community that are core to our beliefs as well. We all felt the desire to further our mutual commitment and to collaborate even more closely. As a result, Scott has become a Venture Advisor to Homebrew. Scott will remain an active angel investor (both in Homebrew companies and outside of our portfolio) and nothing changes with his existing commitments (you know, like being Chief Product Officer at Adobe), but we’re proud that Scott has chosen to work with Homebrew in this capacity. As a Venture Advisor, Scott will be involved in both the investing and advising aspects of our business.
Welcome Advisors! We’re grateful to have you on the team!
March 24, 2019
We’ve all seen the data. 40% of Americans can’t pay for a $400 emergency expense. Student debt levels surpassed $1.5 trillion last year. Consumers paid a record $34 billion in bank overdraft fees in 2017. For all of these reasons and many more, Chris Britt and Ryan King founded Chime. From the beginning, Chime’s goal was to be the bank that works for its customers, helping them save, invest and borrow money with confidence and without the burden of excessive fees and obstacles. When we first invested in 2013, this was a simple but powerful idea. Six years later, the company has 3 million accounts and recently raised $200 million to continue building a better consumer bank. We couldn’t be more proud to be part of Chime’s journey in building a business and company that has both value and merit in today’s financial services market. Congratulations to the entire Chime team on an important milestone towards building the bank of the future for the customers who need their money to work for them the most. If you believe in the mission of making banking simpler, more powerful and less expensive for everyone, Chime is hiring in nearly all departments.
February 19, 2019
It’s been an acquisitive last few weeks for a few of our portfolio companies where we’re supporting investors:
Anchor, the best way to make your podcast, was acquired by Spotify. We’ve been incredibly impressed by the product quality and iteration speed of the Anchor team. A very savvy, strategic pickup by Spotify.
eero, the best home WiFi system, was acquired by Amazon. This team was incredibly prescient on what future of home networking could look like, and built a superior product. We’re proud to see Amazon recognize this as well!
And another supporting investment shared a bit more about what it's up to: Elroy Air has raised $9.2m for its large scale, autonomous cargo drone that can carry up to 500 pounds. If this sounds awesome to you (it should!), they’re hiring Engineer and Designer roles in SF.
February 13, 2019
A venture firm, like the startups it backs, is only as strong as the people doing the work. At Homebrew, we’ve optimized for a small, focused team with deep operating experience and unreserved passion for supporting founders. We’ve chosen to expand only when there’s someone we truly believe can make us better investors and partners, not just someone who helps us shift workload. We set out to find just the right team member through an open call of sorts last year. While we were fortunate to meet many qualified people through that process, there was one individual who made us take notice (all the way from New York City!). We’re absolutely thrilled to welcome Kate Coughlin Stern to Homebrew.
There are a number of things about Kate that are special. Her history of results and analytical rigor during years at Goldman Sachs and Uber are remarkable. The confidence of her teammates, who continually rave about her direct but supportive style and “no project too big or small” attitude, is extraordinary. Her deeply competitive spirit, combined with heartfelt optimism and sharp wit, are inspiring. Kate is a culture add, not just a culture fit, and we’re thrilled for you to meet her.
There were a few unusual aspects to our application process, including asking candidates to select their own job title. Kate selected Principal, so that’s how you’ll see her titled on our team page. But we don’t think about roles as boxes. We think of them as platforms. So expect Kate to be a true extension of Homebrew, involved in all aspects of our work - from executing our investment strategy to servicing the founders we’ve backed. Unsurprisingly, our founders are already lining up to benefit from Kate’s lessons learned as an early Uber Eats team member.
Thank you Kate for trusting us to create a great experience for you as you enter the world of venture capital. We’re thrilled to welcome you to our team and to get started in building Homebrew together.
January 1, 2019
It started with a cold email to Homebrew in 2013, progressed to us co-leading their seed round in early 2014 with our friends at Freestyle, and now in late 2018, a $275 million acquisition by Autodesk. A thrilling (and quite meaningful) outcome for a startup that exemplifies many of the qualities we love seeing in an investment: mission-driven founders who understand their market, a disruptive product that becomes a system of record platform for its customers, and a huge industry that pre-dates the PC, but is ready to be transformed by software.
Thank you Dustin and Jesse for the partnership along the way!
December 13, 2018
“Proud to have supported this company since their earliest days” is how VCs coyly signal that they were in early before the rocketship company was off the launch pad. Well, three startups that we’re proud to have supported since their earliest days announced substantial financings recently. Yeah, we had conviction years ago. And yeah, they’re all looking like great, savvy picks. But the congrats goes to these teams, not us. From the CEOs on down, these teams have been working incredibly hard to build companies they’re proud of. Durable companies delivering real value to customers. And eventually, outcomes that will change the lives of their teams, not just their investors. Congrats to the teams at Bowery, Plaid and Weave!
October 25, 2018
With all of the innovation happening in financial services (see Homebrew portfolio companies like Chime, Even, Gusto, Plaid and TrueAccord as examples) it’s no surprise that regulatory compliance is becoming a front and center issue. But dealing with these issues isn’t for the faint of heart and requires the experience and knowledge to handle them correctly. That’s where Hummingbird comes in. Hummingbird brings simplicity, flexibility and intelligence to the anti-money laundering (AML) efforts of financial institutions of all types. We’re delighted to announce we’ve led a $3 million seed financing for the company, in partnership with Omidyar Network, TTV and Designer Fund.
WHO: Joe Robinson, Matt Van Buskirk and Jo Ann Barefoot, co-founders of Hummingbird, bring a unique mix of regulatory and technology expertise to the company. Joe solved risk and compliance challenges in product roles at Circle and Square. Matt and Jo Ann are former regulators and recognized compliance experts. Collectively, the team has lived the problem, worked to solve it and knows how to leverage technology to address it in a scalable and repeatable way.
WHAT: Hummingbird uses machine learning and seamless workflows to provide superpowers to financial crime fighters. Financial institutions struggle to keep up with increasing complexity in AML, and investigators are swamped with cumbersome workflows, strict timelines, and scattered data. Hummingbird’s software-as-a-service and data-driven algorithms assist AML experts with complex investigations and help these institutions stay on top of new money laundering methods.
HOW: Hummingbird’s software combines easy deployment that requires no integration with an intelligent platform that generates insights about investigation subjects and provides capabilities like interactive pattern visualization, automatic location intelligence, time-sequence narratives of customer behaviors, and relationship mapping between investigation subjects. Built-in collaboration tools help share case files securely both inside and outside the financial institution. Ultimately, Hummingbird delivers easier, smarter and more collaborative AML compliance at at time when the financial services industry needs it most.
WHY: Adding intelligence to the compliance process and making it easier for investigators and law enforcement to follow the money is at the heart of Hummingbird’s vision – one that can have a real impact in curbing financing of terrorism, human trafficking, and making the financial system safe for all of us. $2 trillion is laundered every year and less than 1% is caught. Profits from political corruption, bribery, organized crime, human trafficking, and illegal trading all end up being laundered through the financial system. Crimes that rely on money laundering are on the rise. Hummingbird’s mission is to safeguard everyday citizens from the impact of money laundering, as we couldn’t be more excited to support the team’s efforts.
If you interested in enabling financial innovation but protecting all of us from bad actors, join the Hummingbird team. You’ll be joining a team with the strongest collections of skills and experience in the industry.
October 25, 2018
All companies have unexpected things happen to them that dramatically impact their businesses. And often times the dashboards and reports that are reviewed each day and week don’t have any answers for what happened or why. Outlier is designed to collect and monitor enterprise data in real-time, and notify people of important moments of unexpected or dramatic change. It’s this opportunity to automate business analysis and turn traditional business intelligence on its head that got Ridge Ventures excited enough to lead a $6.2 million Series A for Outlier.
We’ve known that we have a stellar team, an innovative product and an enormous market opportunity at Outlier. And the early customers have seen the power of Outlier’s daily updates, identifying 4-5 important changes in the data that they can take action on. This fresh capital will enable Outlier to deliver the same outstanding insights to even more customers. We’re excited to see the company continue to build a culture and business that we are proud to have supported since the seed stage. Check out the openings at Outlier and join a team that is playing to win big!
October 25, 2018
Earlier this morning Expedia announced the acquisition of Pillow, a startup we’ve had good fortune to work with since leading its seed round in 2014. Sean Conway, Pillow’s CEO and cofounder, shared the news in his own blog post, but we thought it was appropriate to add two things.
First, the outcome. While every startup builds to be a profitable, independent company, the reality is that the best path for many of them will be an acquisition. Credit to Sean and team for building a company that was sought after by the industry and a set of relationships within the hospitality/travel community that turned into an offer to join forces. Sean will be helping to lead a very important initiative within the Expedia family of companies and in the process he also made money for his investors, which we thank him for.
Second, the journey. When we first backed Pillow it was operating in a slightly adjacent space, helping average people rent out their apartments or homes on Airbnb with a combination of software tools and on-the-ground operations (cleaning, maintenance, etc). This business was growing quite nicely but about 24 months in, Sean saw that there was a bigger strategic opportunity to help bring new supply to the short-term rental market. Namely, to work with large multi-unit apartment owners and create a product that let their tenants rent their apartments out for short-term stays, while also giving property managers the necessary visibility into rental activity within their buildings. The aligned incentives clicked right away and Pillow was able to sign up a large number of partners, bring differentiated rental inventory to the platforms in exchange for a cut of the revenue.
Without this insight and the willingness to take one step backwards to take two steps forward during the transition, I don’t believe Pillow would have been as valuable in this acquisition. It’s a nice example of a team and their VCs collaboratively supporting a change in strategy and I give a lot of credit to Sean, his exec team and our fellow Board member, Tim Chang of Mayfield, for seeing it through.
Congrats to both Pillow and Expedia!
October 8, 2018
Homebrew was founded in 2013 to resurrect the original model of small-batch venture capital investing in early stage companies: we make a handful of investments each year and concentrate our capital, sweat and reputation behind those founders. We’re two partners (Satya and Hunter), a Head of Talent and an Operations Manager, based in SF’s South Park neighborhood. Our interests are varied, as you can tell from our portfolio - spanning consumer and enterprise, hardware and software, transforming legacy industries and building new ones. But our approach is focused, as Satya outlines about our “how” and Hunter writes about our “why”.
As we approach our six year anniversary, we want to add another team member with the two points below in mind.
- Our goal is to be very inclusive in this search, truly welcoming people from different backgrounds and perspectives into the process. We do have a notion of the experience set we want this team member to bring to the firm, and understand that this itself is narrowing, but we’re open to hearing from folks who don’t “pattern match” for VC.
- We don’t have a job title for this role because we believe, especially as an early stage fund with a close-knit team, this would be limiting in how candidates perceive the opportunity, which we regard as having very few boundaries. Analyst? Principal? Director of Platform? Head of Network? You’ll see that part of the application is telling us what you think the position should be called. We also want you to care more about the impact you’re going to have here and our commitment to you than screening first by title. We care deeply about the ethics and values of anyone we add to our team.
Responsibilities and Opportunities
- You’ll be working with Hunter and Satya in and around the investment process. This will include assisting on market research, company diligence and special projects to identify founders we’d love to support. You won’t be a pre-partner meeting filter (i.e., we’re not tossing you into the haystack to look for needles).
- Post-investment we’ll ask you to participate or lead a variety of activities in helping us support the founders we’ve backed. This includes facilitating introductions, completing data analyses, community building and so on. You’ll develop direct relationships with the founders we’ve backed.
- You’ll also get involved in a host of activities related to the operations of Homebrew and our funds. You’ll learn the ins and outs of not just investing, but also managing a fund.
- Assume these responsibilities represent the floor, not the ceiling. We’re interested in your ideas once you’re on board.
Compared to the “Average Venture Capital Job,” you’ll generally get more of some things and less of others:
- Seat at the Table: You’ll participate in our twice-weekly Partner meetings. Not just for portions or when “your deal” is being discussed. You’ll meet and interact with our Limited Partners, the institutions that provide us with capital to invest.
- Skin in the Game: You’ll earn carry in Homebrew III as part of your compensation. We believe that a sense of ownership is essential and all employees at Homebrew directly share in the upside of the work we do.
- Prep for the Future: We believe in open conversations about career development. As this role isn’t meant to be longer than three years, we’ll honestly engage you in professional development over time to ensure that you’re using your time with us to develop skills, experiences and a network relevant to what you might want to do next. We’ve managed organizations of hundreds of people during our operating careers. Many of those people have gone on to be founders, technology executives and venture capitalists.
We want to give you the freedom to develop and run your own playbook to succeed in this role. But we also feel it’s important to make our standard practices clear enough to help you decide if Homebrew is the right firm for you.
- Conferences and Events: We tend to focus on smaller gatherings that serve a specific purpose, such as sharing lessons, talking honestly about the entrepreneurial journey or fostering community and mentorship amongst the companies we back. We don’t attend many of the large conferences but will support your participation in what we’d call “nook and cranny” events - places where different groups of thinkers, explorers, underrepresented segments and so on, collaborate together.
- Check Writing: This isn’t explicitly a sourcing and investing role. While you’ll be involved in all aspects of the investment lifecycle, this isn’t a Partner track role where we give you a small amount of money to invest and then reward you with more investment authority over time.
- International Exposure: While we believe there’s lots to learn from the way international communities are creating and adopting technology, this isn’t a role where you’ll be abroad substantially. If you want to propose a project which requires this sort of travel, we’re happy to consider it, but if you’re really looking for in-depth exposure to non-US/Canada territories, our firm likely isn’t the right one for you.
This is the Right Opportunity For:
- Someone with 3-6 years of relevant work experiences/exposure to tech startups or high-performing companies of any industry (we believe in cross-pollination). We’re open to folks who started their careers in management consulting or investment banking, but it’s important to us that you have a demonstrated love for technology and entrepreneurship that has been expressed in ways outside of your day job.
- Someone who thrives in an independent working environment, using your best judgment, high ethical standards, strong communication skills, passion and adeptness with technology (with or without formal training) to execute the Homebrew model.
- Someone who wants exposure to venture capital (or at least our style of it) through an apprenticeship-type role but isn’t necessarily committed to the industry long term.
- Someone who colors outside of the lines drawn above but still has a deep desire to learn the venture capital business.
How to Apply
Please complete the application found here by November 10, 2018. We may invite candidates to interview on a rolling basis but all applications submitted by November 10th will be considered. The start date for the position is no later than January 7, 2019.
We want to meeting a broad set of candidates and run an inclusive process. If something here prompts a question or concern for you, please contact us at firstname.lastname@example.org to share your feedback. Thanks for your interest in joining the Homebrew team!
October 1, 2018
In a relatively short period of time, data.world has made great strides towards its vision of making it easy for anyone to upload, exchange and catalog data and then collaborate on analysis and understanding. Strong early adoption amongst enterprise customers recently led a fantastic group of new investors, including Workday Ventures and The Associated Press, and existing investors to fund the company with another $12 million. Homebrew is proud to play a small role in supporting data.world’s mission. If you believe that all data should be collaborative, consider joining the stellar data.world team in Austin.
October 1, 2018
At Homebrew, when we invest our goal is to back founders who we’re proud to put not only capital but also sweat and reputation behind. So it’s incredible when two of our high quality teams come together to fulfill a shared vision. Last month, Chime acquired Pinch, a startup working to democratize access to lower cost, higher quality financial products by first improving credit scores. Homebrew led Pinch’s seed round over two years ago and co-led Chime’s seed round almost five years ago. We couldn’t be more pleased to have two incredible teams who we’ve worked with so closely decide to work even more closely with each other.
The now even stronger Chime team is building a truly special business. Already the leading challenger bank in the U.S., Chime is poised to make it possible for anyone to live a healthier financial life without being burdened by the pain and expense historically associated with doing so. If you’re interested in making top notch financial services available to everyone, join the Chime team!
September 28, 2018
Sometimes the tech world moves faster than our blog does, and that’s why we’re just getting around to congratulating Homebrew portfolio founder Adam Ludwin on the forming of Interstellar, a combination of his company, Chain, with Lightyear, a Stellar-focused development company.
Chain was one of the original “the blockchain is more than just Bitcoin” companies and its API/developer platform supported the efforts of several large financial services institutions in building atop the blockchain. Along the way, Adam also became a strong, clear voice in the industry for building software and value, not just hype. When he shared that Chain and Stellar were combining forces, it made total sense to us given where the industry is headed and what infrastructure it needs to unlock new opportunities for developers and end users. We’re thrilled with the outcome for the team and for the early investors (of which we were a small supporting piece).
Thanks to Adam and the entire Chain team!
July 19, 2018
This week Homebrew portfolio company Abacus announced its acquisition by Certify. We first met New York-based Abacus while the product was still formative but it was clear the founding team clearly had the combination of vision, mission and grit that sets great startups apart. Homebrew became a supporting investor in their seed round and got a front row seat to watching them develop a truly well-designed product. We won’t go so far as to suggest they made expense reporting fun, but how about 99% less painful for everyone involved? Congratulations to the Abacus team!
July 19, 2018
We’re believers that the benefits of a technology-driven economy don’t just have to accrue to the largest corporations and wealthiest consumers. We’ve put investment capital behind that belief throughout the Homebrew portfolio. Today one of those companies, Even, announced a $40 million Series B to continue expanding its budgeting and instant payday tools. Even delivers its product through large employers - such as the extensive partnership they have with Walmart - or directly to consumers. Either way, the customer gets a suite of tools to help them avoid payday loans and make strides towards financial security. Congrats Team Even!
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