Highpost's early-stage arm HIPstr secures $100m VC Fund
An affiliate of HighPost Capital, HIPstr, Raises $100 Million to Invest in Consumer Technology Enablement and Early-Stage Consumer Growth Companies
Jeff Bezos' younger brother, Mark Bezos, launched a $100 million venture capital fund and alongside his business partner venture capitalist David Moross of HighPost Capital.
Having started a new venture capital division called HIPstr and with it, new money to invest in businesses. Recently, the new company announced the launch of its $100 million inaugural venture capital fund. While HIPstr seeks to capitalize on the sharp decline in startup valuations over the last few years, HighPost Capital concentrates on consumer enterprises.
HIPstr was founded by marketing guru Mark Bezos and seasoned private equity executive David Moross to take advantage of opportunities in early-stage companies that didn't meet the investment requirements of HighPost's more conventional buyout strategy.
Under the direction of Chairman and CEO Mr. Moross, the investment team of HIPstr consists of Senior Managing Directors Steven Himmel and Sol Goldwyn.
The members of HIPstr's investing committee are Messrs. Moross, Bezos, Himmel, and Goldwyn. The following businesses have been driven by HIPstr or have received Series A funding to date: After.com, Sprinter, Wild Common, EverFence, Closer, and RAD.
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