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Exclusive: Homebrew closes debut fund

Jul 02, 2013
The Homebrew crew

FORTUNE -- Homebrew, a new venture capital firm founded by former Google and Twitter product managers, has quietly closed its debut fund with $35 million.

The San Francisco-based firm was launched earlier this year by Hunter Walk, who led product for Google's  YouTube, and Satya Patel, a fellow ex-Googler who most recently was VP of product for Twitter.

Both also have past investing experience -- Walk as an active angel and Patel with Battery Ventures.

The Homebrew strategy is to create a concentrated portfolio of startups that "enable the people-based economy" for both consumers and enterprises. Half of the companies would be incubated by Homebrew, while the others would be seed-stage financings. None of Walk and Patel's personal angel investments will be rolled into the Homebrew portfolio.

Walk and Patel personally contributed around 2% of the fund capital, while the majority came from funds-of-funds.

Walk declined to comment on the fund close. So far, Homebrew does not have a website.

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