HIPstr, an early-stage investment arm of HighPost Capital (a leading private investment firm focused on visionary companies working in the consumer behavior and innovative product, service, media, and technology sectors), announced the closing of its debut fund, HIPstr Fund I with $100 million in capital commitments.
HIPstr’s investor base comprises some of the world’s leading institutions, endowments, family offices, and high-net-worth individuals.
Proven private equity executive David Moross and marketing leader Mark Bezos launched HIPstr to capitalize on opportunities in early-stage businesses that did not fit the investment criteria of HighPost’s more traditional buyout strategy.
HIPstr’s investment team is headed by Chairman & CEO Moross and includes Senior Managing Directors Sol Goldwyn and Steven Himmel. And Moross, Bezos, Goldwyn, and Himmel serve on HIPstr’s investment committee. So far, HIPstr has led or made Series A investments in the following companies: Closer, Sprinter, Wild Common, EverFence, RAD, and After.com.
Gibson, Dunn & Crutcher LLP served as legal counsel for HIPstr, and Apex Group served as fund formation counsel.
KEY QUOTES:
“We launched HIPstr to capitalize on an attractive market opportunity driven by a reset in early-stage company valuations alongside a structural shift in how entrepreneurs scale companies. By leveraging HighPost’s seasoned team, broad consumer and consumer technology industry experience, and vast network, HIPstr seeks to drive value by partnering with founders to provide strategic capital and guidance on to how to build companies that have achieved a certain level of growth, scale, and profitability.”
“We are pleased by the significant support we received for Fund I from our limited partners and thank them for placing their trust in HIPstr. Their backing is a testament to our team’s deep relationships, investment acumen, and strong pipeline. With six companies already in the portfolio, we look forward to continuing to identify highly compelling opportunities for our investors and working with entrepreneurs to help them build and scale their high-growth and capital efficient brands.”
- David Moross, HIPstr’s Chairman and Chief Executive Officer
