HIPstr, the early-stage investment arm of HighPost Capital, run by Mark Bezos, Jeff Bezos’ younger brother, and David Moross, a PE veteran, has closed its debut fund, HIPstr Fund I with $100 million in capital commitments. The investment came from some of the world’s leading institutions, endowments, family offices, and high-net-worth individuals.
Investment details
Notably, HIPstr was launched to capitalise on opportunities in early-stage businesses that did not fit the investment criteria of HighPost’s more traditional buyout strategy.
The Fund I will be used to identify highly compelling opportunities for investors and work with entrepreneurs to help them build and scale their high-growth and capital-efficient brands.
Leveraging its experienced team and disciplined approach, HIPstr seeks to partner with founders and entrepreneurs to provide robust financial and strategic guidance, strong consumer industry relationships, deep marketing experience, and the ability to help optimise logistics and supply chain, among other things.
Portfolio of investments
HIPstr’s investment team is led by Chairman & CEO Mr. Moross and includes Senior Managing Directors Sol Goldwyn and Steven Himmel. Messrs. Moross, Bezos, Goldwyn, and Himmel serve on HIPstr’s investment committee.
To date, the firm has led or made Series A investments in the following companies, including Closer, Sprinter, Wild Common, EverFence, RAD, and After.com.
David Moross, HIPstr’s Chairman and Chief Executive Officer, said, “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.”