- Mucker Capital has hired Omar Hamoui as a general partner to focus on post-seed and Series A rounds
Mucker Capital has announced that Omar Hamoui has joined the venture firm as its third general partner. Previously, Hamoui was a partner at Sequoia Capital.
Hamoui is joining the firm’s other partners Erik Rannala and William Hsu to manage venture capital funds. While Mucker Capital is a relatively new venture capital firm as it launched in 2011, it recently had a major win after making an early investment in Honey (acquired by PayPal for $4 billion). Honey went through Mucker’s accelerator program and Mucker Capital was the company’s first investor.
Mucker is also an investor in Auditboard, Bambee, BloomNation, Dropoff, Hologram, Kong, LeaseLock, Mend, PawnGuru, ServiceTitan, TaskRabbit, Trunk Club, Tapatalk, UpKeep, and Wizely Finance.
In an interview with TechCrunch, Rannala said that they knew Hamoui for years and he had moved back to Southern California to cover LA and the surrounding areas for Sequoia. The team got to know him better while collaborating with him as he led the rounds in two of Mucker’s portfolio companies: NEXT Trucking and Papaya.
Currently, Mucker is investing from its fourth seed fund, which closed last year. And Mucker also raised a separate early-stage vehicle for investing in follow-on rounds for its pre-seed and seed investments and other post-seed and Series A rounds.
Last year, Mucker raised slightly less than $90 million. Hamoui is going to be focused on post-seed and Series A rounds. And he will be writing checks in the amounts of about $2 million to $3 million.
Before Hamoui joined Sequoia, he was a partner at Churn Labs and was the founder and CEO of AdMob (acquired by Google for $750 million in 2009). Plus Hamoui also served as the president and COO of GoPix and he was the founder and CEO of Vertical Blue.
And before Hamoui sold AdMob to Google, he had received a call from Steve Jobs because Apple was interested in buying the company. Hamoui went to Jobs’ house and negotiated back and forth, but held out for a better offer. That decision ended up paying off.
