TL;DR:
Key points:
- Investment firm founded by Mark Bezos and David Moross has raised $100 million for its inaugural venture fund, HIPstr.
- HIPstr has already backed 6 startups in the technology, media, and consumer services sectors.
An investment firm founded by Jeff Bezos’ brother, Mark, along with private equity veteran David Moross, has raised $100 million for its first venture fund. HighPost Capital, based in West Palm Beach, focuses on consumer companies. Its new venture capital arm, HIPstr, aims to capitalize on opportunities in early-stage companies that do not meet the criteria for HighPost’s traditional buyout strategy. The fund has already made investments in beverage companies like Sprinter and Wild Common, as well as technology and innovation startups Closer, EverFence, RAD, and After.com.
With almost 40% of the $100 million fund already invested, HIPstr has pooled capital from endowments, family offices, and high-net-worth individual investors and plans to continue identifying and supporting promising opportunities. Mark Bezos, the founding partner of HighPost and former head of communications at the Robin Hood Foundation, is part of the team behind this venture. HIPstr was launched to take advantage of the current market conditions and to work closely with entrepreneurs to help them scale their brands efficiently.
HighPost Capital’s venture push began a year ago after raising over $500 million for its 2022 inaugural fund. Being part of the Bezos family network has provided HighPost with unique insights and opportunities, helping them navigate the investment landscape effectively. The firm’s connection to the Bezos ecosystem has allowed them to make informed decisions about deals and build a strong portfolio of investments. Jeff Bezos’ move to South Florida and Amazon’s expansion in the Miami area have further solidified the firm’s presence in the region, signaling a growing interest in the tech and startup ecosystem.
