# HMI Capital: portfolio, investments and team

> HMI Capital is a vc firm based in United States. 1 investment on record, latest Aug 2019. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/hmi-capital (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# HMI Capital

Filed with the SEC to raise a fund in Jan 2025, closing $636M. Last cheque observed Aug 2019.

Quiet New fund $636M, Jan 2025 VC firm

Seed Series A Growth Asset Management

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 1 on record

Since the last cheque **2638** days **00** hrs **00** min **00** sec

Median round **$460M** Rounds led **0 of 1**

Pitch HMI Capital

## HMI Capital highlights

- 01 1 rounds on record

## What they do

> Filed 1 private fund offering with the SEC, the most recent in 2021-04 From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Growth
- **Sectors:** Asset Management
- **Based in:** San Francisco, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **1 appearances**

- **2019** 1 round
- **Aug** **[Klarna](https://millionrounds.com/company/klarna)** SE · FinSMEs **$460M** With 5 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **11 named**

AE **Aubrey Elizabeth Zott** Executive Officer i Filing they signed

AJ **Avery Joseph Schwartz** Executive Officer i Filing they signed

EM **Emily Mackenzie Brakebill** of HMI Capital, LLC, the general partner i Filing they signed

JM **Jonathan Michael Wu** Limited Partner, Chief Financial Officer i Form ADV

JC **Justin Carr Nyweide** Limited Partner, Chief Investment Officer i Form ADV

LM **Lusine Moshkounian** Chief Compliance Officer i Form ADV

MW **Marco Warren Hellman** of HMI Capital, LLC, the general partner i Filing they signed

RR **Radhakrishnan Raman Mahendran** Executive Officer i Filing they signed

SM **Sean Michael Barnett** Executive Officer i Filing they signed

SM **Sean Michael Barrett** Executive Officer i Filing they signed

WH **Warren Hellman** Executive Officer i Filing they signed

We also hold **15** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$2.2B** assets it manages Oct 2026

**Registered** investment adviser full reporting to the SEC

- **Legal name:** HMI Capital Management, L.P.
- **SEC number:** CRD 160850

Funds on its Form ADV

**2** private funds, **$3.5B** in gross assets · filed Mar 2024

- HMI Capital Partners, L.P. *Hedge* 195 investors $3.4B
- Merckx Capital Partners, L.P. *Hedge* 9 investors $58M

New fund on file

**$636M**

raised in Jan 2025

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A Growth

Median round joined **$460M** the round, not its cheque

Led 0 of 1 rounds **0%**

- **Sole investor:** Never alone
- **Last cheque:** Aug 2019

Rounds by stage said on their site

- Seed said *-*
- Series A said *-*
- Growth said *-*

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## Quick answers about HMI Capital

### What does HMI Capital invest in?

HMI Capital says it invests in Asset Management.

### How active is HMI Capital?

1 investments on record, 0 of them in the last 12 months. The most recent was in Aug 2019.

### What has HMI Capital invested in recently?

Its most recent investments on record: Klarna (Undisclosed round, Aug 2019).

### How big are HMI Capital's cheques?

The median round it joins is $460M.

### Is HMI Capital investing now?

No investments in the last 12 months; the latest was in Aug 2019.

### What kind of investor is HMI Capital?

HMI Capital is a VC firm based in San Francisco, United States.

### How much does HMI Capital manage?

About $2.2B, as regulatory assets under management (Oct 2026).

### Has HMI Capital raised a new fund?

Its latest fund filing with the SEC was in Jan 2025, reporting $636M raised.

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