附近上门

On Friday, filed with the SEC disclosing the firm has raised $50 million for its fifth flagship venture capital fund. The fund is oversubscribed from its initial target of $40 million, as stated made in October 2018, before any capital was officially raised for the new fund.

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Fund V is twice the size of , which targeted $25 million, according to made in March 2017.

According to the regulatory disclosure, investors first committed capital to Fund V on October 5, 2018. The narrow intervals between capital raises for its flagship funds points to the “always be (fund-)raising” nature of boutique firms like Haystack. A combination of small fund sizes and high investment velocity means that general partners at these firms are almost always talking to limited partners.

The filing lists as the fund’s solo general partner. Shah started Haystack in 2013, raising . “Haystack Funds I and II were fortunate to invest at the key inflection points of outstanding companies,” Shah .

Haystack’s more successful portfolio companies include , , , , and . According to 附近上门 data, its most recent investments include direct-to-consumer low-alcohol aperitif brand (Haystack led its late-June ) and restaurant operations platform .

Shah is also at .

Prior to entering the investment world full-time, Shah worked at a number of early-stage startups including Swell, Rexly, and Votizen. In 2012, Shah also started and hosted “,” a video interview series produced by TechCrunch.

Shah did not respond to a request for comment prior to publication. We will update this article as we learn more.

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