via Immad Akhund
via Ross Fubini
via Roger Dickey
IPO May 2018
Acquired by GM
via Yuri Sagalov
via Arena Ventures
IPO September 2018
via Red Swan Ventures
via Ed Roman
via SeedCamp
 View all portfolio companies

Hone Team

Daisy Chew
Operations Manager

Daisy Chew, Operations Manager

Daisy is the Operations Manager at Hone Capital. Prior to Hone, Daisy was Senior Learning Programs Executive at Spitfire Strategies, a national communication firm, where she managed the daily operations of its San Francisco office and coordinated training programs for nonprofit organizations and philanthropic foundations across the U.S. and around the world. Daisy holds a Bachelor of Science degree in International Business from San Francisco State University.  linkedin 

Cassandra Doeng
Associate

Cassandra Doeng, Associate

After graduating from Central University for Nationalities with degrees in Chemistry (BS) and Applied Psychology (MA), Cassandra joined CSC’s China office in 2012 where she worked in fund management, operations (business management and team performance), domestic and international investments, deal evaluation, and advising new venture teams.  She helped launch start-ups specializing in creative education and online investment platforms. Cassandra currently focuses on sourcing technology-driven deals in the US and helping companies to enter China, as well as portfolio analysis and management.  linkedin

Purvi Gandhi
Partner, CFO

Purvi Gandhi, Partner, CFO

Purvi has over 20 years of experience in CFO roles in the international investment management industry, across Silicon Valley and Asia, along with startup company experience.  Through her roles as CFO at H&Q Asia Pacific (spin-out from JP Morgan Chase), Taiyo Pacific and Allegis Capital, Purvi was involved in private equity, venture capital, public equities/hedge funds, and distressed assets.   As CFO of healthcare informatics start-up MedVantage, she helped lead the company through a Series A round at a valuation of $30M, and scaled it from 12 to 60 employees prior to its acquisition by IMS.  Beyond core CFO expertise, Purvi has in-depth experience in capital raising and operational expansion in Asia, and has served as a strategic advisor and board member to startups in the US and Asia. Purvi started her career at Deloitte and also worked at Charles Schwab. Purvi holds a Bachelor’s degree in Business Administration from UC Berkeley. She passed the CPA exam in the State of California.  linkedin

Vishnu Nair
Data Engineer

Vishnu Nair, Data Engineer

Vishnu Nair is a Data Engineer at Hone Capital playing a lead role in the engineering and data science efforts. With prior industry experience of 3 years as a Software Engineer and an Analyst, his fields of interest include Big Data, Machine Learning, Distributed Systems, Cryptography, Cybersecurity. Vishnu holds a BS from VIT University in Computer Science and Engineering, and an MS from Johns Hopkins University in Computer and Information Systems Security.

Alejandra Sandoval
Office Manager

Alejandra Sandoval, Office Manager

Alejandra is the Office Manager at Hone Capital. Prior to Hone, Alejandra was the  Administration Office Manager at Foothill Community Health Center, where she supported the Executive team, Board of Directors and overlooked three Administrative Assistants. Alejandra holds a Bachelor of Science degree in Health Sciences from California State University – East Bay.

Veronica Wu
Managing Partner

Veronica Wu, Managing Partner

Veronica Wu is the Founder of Hone Capital, a venture firm launched in 2015 with initial backing provided by an overseas investment firm. Veronica led their international effort investing over $200M through a unique model that leverages machine learning and a distributed network of syndicate leads. Hone invests in a high volume of early stage and selective growth stage companies primarily in Silicon Valley via a unique distributed syndicate lead network of operator-angels, technical advisors and micro-fund managers. Today, Hone Capital manages over $300M of capital for its original backer as well as other institutional investors and invested in over 350 companies. Since it’s initial investing activities which started four years ago, Hone has already realized five unicorns from its early stage portfolio. From the growth portfolio, Hone has had the unique access to invest in rounds of companies such as Guardant Health which had a successful IPO in October 2018 and others such as Transferwise and Stripe. The fundamental goal for Hone is to in invest in a diversified portfolio in both early stage companies where there is already a high quality lead investor and selectively in later stage companies allowing it to deliver a strong and yet consistent return from venture. Veronica was elected to the Board of Directors of VF Corporation in March 2019. Prior to Hone Capital, Veronica served as Vice President of Tesla Motors overseeing its China Operations, and drove the launch of the company’s first car into China market in 2014. Prior to Tesla, Veronica led the launch of Apple’s Education and Enterprise business in China from 2006-2013, growing it from inception into a multi-billion dollar business. Previously, she held senior positions at Motorola and McKinsey & Company. Veronica holds a BS from Yale University in Applied Mathematics, and an MS & PhD in Industrial Engineering Operations Research from UC Berkeley.   linkedin

Advisors

Jonathan Abelmann
Senior Advisor

Jonathan Abelmann, Senior Advisor

Jonathan was a Co-Founder and Managing Director of Invitation Homes, the largest owner & operator of single family rental properties in the US. He focused on corporate strategy and investments as the business scaled to more than 50,000 homes in 14 major markets and helped Invitation Homes become the most dominant technology-forward brand in the single family rental category. Prior to Invitation Homes, Jonathan worked in real estate private equity at Starwood Capital. Jonathan graduated from Brigham Young University where he received his BS in accounting.

Leslie Fox
Strategic Advisor

Leslie B. Fox, Strategic Advisor

From March 2014 until March 2016, Leslie served as the Chief Operating Officer of Invitation Homes, the largest owner/operator of single family housing rentals in the United States. Invitation Homes sponsored by Blackstone acquired over 50,000 homes in three years and currently has an equity value in excess of $10 billion. In her two years at Invitation Homes Leslie was responsible for transforming the company into the best performing single family rental housing operator in the United States. Leslie has seasoned 30 Year Real Estate Executive (EVP- Equity Residential, COO – American Residential Communities, COO Lexford Residential Trust). Prior to Invitation Homes, she served In Various Industry Leadership Roles (National Rental Home Council, National Multi Family Housing Council). Leslie holds a B.A. from University of Colorado and a J.D. and M.B.A. from the University of Denver.

Herbert Henzler
Advisor

Herbert Henzler, Advisor

Herbert Henzler is the former German office head and European chairman of McKinsey & Company. He is an advisor and board member of several leading companies, including Credit Suisse, Moelis & Company and FC Bayern München. Henzler has been an associate lecturer at the Ludwig Maximilian University of Munich since 1986, an honorary professor at the Faculty of Business Administration and visiting professor of the Skolkovo Moscow Business School. He studied business administration at the Universities of Saarbrücken and Munich and did his post-graduate studies at the University of California, Berkeley. He also received a Ph.D. at the Ludwig Maximilian University of Munich.

Some of our Syndicate Leads

Charles Hudson
Syndicate Lead

Charles Hudson, Managing Partner at Precursor Venture, Entrepreneur and Investor in Zenrez, Clover Intelligence, Impact Health, Pared and more

“I created Precursor Ventures to lead early-stage rounds for companies that are too embryonic for today’s institutional seed firms. Partnering with Hone Capital has been critical in allowing me to continue to support my portfolio companies as an investor in their follow-on rounds.  We’ve shared deal flow in both directions, and I always welcome the opportunity to co-invest with Hone.  Working with Hone helps me be a more active player in the white space in the very early-stage end of the venture investment spectrum.”

Lee Jacobs
Syndicate Lead

Lee Jacobs, Founding partner of Edelweiss and Investor in Fitbit, Blue Bottle, Whistle, Kettle and Fire, Pipefy, Honor, GameTime, and more

“I remember when I was at AngelList and Hone announced for the first time they would be investing on the platform. I immediately recognized that Veronica and her team were extremely forward thinking investors. Many investors claim they have a unique and proprietary investing strategy, but few actually do. Hone is truly unique in its approach. Over the last few years as I have worked with them closely- both at AngelList and in my personal investing at Edelweiss, it has been a pleasure to watch them execute this innovative strategy. Hone has been an important partner for AngelList and instrumental in their growth as well as a crucial partner for Edelweiss. We hope to work with Hone for many years to come.”

David Rodriguez
Syndicate Lead

David Rodriguez, Managing Partner at Draft Ventures, Founder and Investor in Overnight, Thrive Market, Shyp, Revfluence and more

“Hone Capital was one of the earliest supporters of Draft Ventures and continues to be an incredible partner. The team is highly collaborative with us around developing investment theses and assessing individual investment opportunities. Additionally, they’ve been helpful to our portfolio companies by providing strategic advice and opening up their broad network. Hone Capital takes a long term partnership approach when investing, supporting our portfolio companies from pre-seed through later stage funding rounds.”

Yuri Sagalov
Syndicate Lead

Yuri Sagalov, Angel Investor, Co-Founder and CEO of AeroFS (acquired by Redbooth). Investor in Flexport, Boom Supersonic, Mattermost, NURX, Solugen, and others.

“Hone provided me with a friction-free opportunity to realize my unique deal flow potential without the distractions that come with having to raise and manage my own fund, an activity that would have been prohibitively disruptive while I was running and operating my own startup. They have been incredibly supportive of my investment activities, and it has been a pleasure to co-invest on opportunities with them.”

How We Invest

Through unique partnerships, and proprietary research and analytics, we have created an efficient approach to building a diversified and selective seed stage portfolio.

 

  • Hone’s partnership with AngelList, the world’s largest fundraising platform for start-ups, enables access to a large number of seed stage companies
  • Our key partners also include a network of entrepreneurs, sector experts, well-connected angel investors, and Micro VC firms. Learn More
  • We apply a rigorous data-driven approach to analyze deal-specific information in our proprietary model to identify those start-ups with the greatest potential for superior returns.
  •  We invest in seed stage and also selectively in high quality growth/later stage deals.

About Us

Hone Capital was founded by Veronica Wu in 2015 with initial capital from CSC Group, one of the largest and most successful private equity and venture capital firms in China.

 

Hone has invested over $150MM in early to growth stage startups in the technology sector, using our proprietary data-driven intelligence platform and our network of deep relationships with syndicate leads, sector experts, and VC firms. We are a leading firm investing in Silicon Valley, by leveraging proprietary machine learning and persistent tracking tools, ability to invest via AngelList and our wide network of syndicate leads who essentially serve as our “distributed GP” network.

 

 

Hone Capital expects its team, at all times, to commit to doing business in a manner that is ethical and compliant with all applicable law, and has a zero-tolerance policy for harassment, discrimination and all other forms of improper conduct. If you have concerns, please contact us at compliance@honecap.com.

 

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Contact Us

Address

Hone Capital
530 Lytton Avenue, Suite 305
Palo Alto, CA  94301

 

Email

 

Phone
+1.650.251.4930

530-Lytton-Ave