Enterprise capital agency Homebrew is concentrating on $50 million for a brand new fund, in response to a brand new submitting with the U.S. Securities and Trade Fee.

The submitting comes as a little bit of a shock contemplating that Homebrew practically two years in the past stated it was pursuing a extra stage-agnostic evergreen mannequin that will be funded solely by Satya Patel and Hunter Stroll, Homebrew’s common companions. However many corporations elevate a couple of fund at any given time to focus on specific alternatives; for instance, some early-stage corporations elevate a second, opportunity-focused fund as effectively to complement their major automobile.

TechCrunch reached out to Stroll for remark concerning the brand new submitting however he stated he was not capable of say something publicly at the moment.

In March of 2022, Homebrew stated it will have an open-ended fund construction with no termination date. 

The San Francisco-based agency, which traditionally centered on seed-stage investing, has made some 200 investments since its 2013 inception, in response to Crunchbase. It has backed the likes of Winnie, Finix, Concentric AI, Mercury and Plaid, amongst others. Homebrew has seen a minimum of three dozen portfolio firms exit, together with Cruise, Weave and Cheddar.

Most not too long ago, it led the $12 million Collection A spherical into Slang.ai, a platform that routinely solutions the telephone for eating places, retailers and different kinds of brick-and-mortar companies.