HoneyHive Ventures Announces the Raising of a New $175 Million Fund and the Promotion of Daniel O'Grady to Managing Partner
San Francisco, Calif., June 26, 2018 (Newswire.com) - HoneyHive Ventures, a top consumer goods focused venture capital firm, announced today that it has closed its second fund, HoneyHive II. The new $175 million fund targets early stage consumer goods companies. The launch of HoneyHive II brings the total capital commitment to over $325 million. HoneyHive Ventures first fund was raised three years ago and has fueled the firm to make significant investments in many CPG companies that will help define a new breed of consumer retail companies.
HoneyHive expects to finish the selection and investment phase of their first fund later this fall. At that point it will immediately start to utilize committed capital from the HoneyHive II fund to increase stakes in some existing portfolio companies as well as expand efforts to new consumer retail categories.
Since 2015 when the firm was founded, HoneyHive has been an innovator in utilizing advanced analytic systems to help consumer goods companies determine the most effective commercial growth strategies. “Multinational FMCG companies and private equity firms continue their aggressive pursuit to acquire innovative and breakthrough consumer product companies”, said Dean Williams, Chief Commercial Officer at HoneyHive. “We prepare our portfolio companies for long-term success by utilizing an omni-channel retail approach to build strong brands with loyal customers versus relying on short term tactics that are not sustainable or attractive to potential suitors.”
Multinational FMCG companies and private equity firms continue their aggressive pursuit to acquire innovative and breakthrough consumer product companies. We prepare our portfolio companies for long-term success by utilizing an omni-channel retail approach to build strong brands with loyal customers versus relying on short term tactics that are not sustainable or attractive to potential suitors.
To keep pace with the growth of the firm, HoneyHive Ventures has promoted Daniel O’Grady from General Partner to Managing Partner. The firm also expects to hire additional strategy and analytic professionals to continue to provide their portfolio companies with a high level of service.
“There has never been a more exciting time to be an early stage consumer goods company than it is right now. We are fortunate at HoneyHive to have assembled a world-class team of consumer experts that are focused on helping our portfolio companies achieve their goals”, said Daniel O’Grady, Managing Partner of HoneyHive Ventures. “There is no shortage of available capital in the marketplace, so what helps firms like HoneyHive stand out is the knowledge, passion and connections that they can bring to help their portfolio companies grow.”
About HoneyHive Ventures:
Headquartered in San Francisco, HoneyHive Ventures is a venture capital firm focused on serving early stage consumer goods companies. They provide the expertise and capital to help creators and founders bring their products to the next level. The HoneyHive team has a deep understanding of how to win at retail and more importantly, the relationships and capital to make it happen. With over $325 million of committed capital, HoneyHive Ventures is a premier investor in the consumer goods industry. Learn more at www.honeyhiveventures.com
Source: HoneyHive Ventures
Categories: Consumer Goods