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Hawke Ventures, Venture Capital Arm to Hawke Media, Raises Total of $25MM in Second Venture Fund

Date: Mar 11, 2022 @ 07:09 AM
Filed Under: Industry News

Hawke Ventures, a Los Angeles-based technology-focused venture capital firm, raised $25 million for their second venture fund, with prominent investors such as Banc of California; former LegalZoom executives Chris Welker & Dorian Quispe; CMO of Ruggable, Linda Lai; Maropost Ventures; Executive VP & Chief Administrative Officer of BLT Enterprises, Daniel Rosenthal; along with other notable names.

Hawke Ventures was born out of Hawke Media in 2019, one of the fastest-growing digital marketing consultancies in the country. Founded and led by its current CEO Erik Huberman, the agency has assisted in the growth of over 3,500 brands to date.

Hawke Ventures raised $5.6M in its first venture fund, which invested in 18 portfolio companies, including PostScript (Forbes Billion List), Yaguara (acquired by Chord), and Instreamatic (Series A investment with Google).

“We are thrilled to be an investor in Hawke Ventures’ second fund,” said Jared Wolff, CEO of Banc of California. “Erik and the team at Hawke have a tremendous track record of helping companies drive success. Like Hawke Ventures, we are committed to finding and working with best in class entrepreneurial companies who are working to reinvent how the world does business. This new investment and partnership highlights our shared values of supporting the growth of companies, and helping clients remain competitive in a rapidly changing market.”

Hawke Venture’s investment thesis is to focus on investing $1-2M to lead in Pre-Seed and Seed deals in marketing, advertising, and ecommerce technology companies, where the venture firm already has established relationships. Leveraging the deep-rooted industry expertise of Hawke Media allows Hawke Ventures to make smarter, better-vetted, expert-driven, and reliable investments that drive strong outcomes for portfolio companies.

Erik Huberman, Founder & CEO of Hawke Media explains, “Banc of California has a strong reputation and deep expertise serving tech firms, media companies and entrepreneurs, and we’re honored the bank has chosen to bring that knowledge to Hawke Ventures as an anchor investor. Together with Banc and our other investors, we’ll continue to work toward helping entrepreneurs drive the innovation that is transforming the business landscape.”

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