Weekend Fund Is Targeting $10 Million For Fund II

By Amit Chowdhry ● September 11, 2019
  • Weekend Fund — a venture capital firm launched by Product Hunt founder Ryan Hoover — is targeting $10 million for its second fund

Weekend Fund — the venture capital firm launched by Product Hunt founder Ryan Hoover — has filed paperwork with the SEC revealing that it raised $8.676 with a targeted goal of $10 million for its second flagship fund. This means it would be more than 3 times the size of Weekend Fund I, which was a little bit more than $3 million according to Crunchbase News.

The first hard capital commitment was received in June 2019. And the $8.676 million came from 98 investors.

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Product Hunt is a community-driven Internet company that curates recently launched startups and products on a daily basis. This helps Hoover stay on top of emerging companies. Hoover had founded Weekend Fund in 2017 after AngelList acquired Product Hunt for about $20 million.

“The next big thing is being built on nights and weekends,” said Hoover in a blog post back in 2017 after launching Weekend Fund. “Some of the most transformational companies started as a side project driven by curiosity and an eagerness to build something new.”

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Some of the companies that Weekend Fund invested in include Secfi, Deel, Voiceflow, FaZe Clan, Northstar, Carenote, and Facemoji.

Weekend Fund invests in early-stage startups with check sizes ranging from $75,000 to $200,000. Earlier this year, Weekend Fund hired Vedika Jain as the chief of staff.

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