Fox Ventures - November 1st, 2023

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Fox Ventures is the venture capital arm of F Partners, a Private Office that provides bespoke advice to Family Offices and Entrepreneurs.

Through our unique network of Family Offices, Entrepreneurs, and Tier 1 VCs we get the opportunity to co-invest alongside them.

We are sector/stage agnostic and only invest where a top venture firm or one of our partners is leading the round.

If you’re an accredited investor, get access to our deal flow and invest alongside us here 

Podcast Appearance 🎙

If you ever wondered how a family office does due diligence on their VC emerging managers, Benedikt Lander Advisor to The Sutton Firm gives us a first-hand account. 

This is the second part of our series from a chat we had on all things Venture Capital. 

You have to remember that investing in VC funds is a long-term play. Generally, you’re looking at it as at least a 15-year cycle per fund. So the relationship with the manager is key. 

It’s not uncommon for Family Offices to want to build that relationship over years before making an investment so fund managers need to stay the course and keep the information flow clear and concise. 

More from our chat in the coming weeks.

Check out a clip below 👇

Portfolio company news 🗞

Fox Ventures portfolio company, Moselle, launches Inventory Co-Pilot, enabling merchants to auto-create 12-month forecasts, convert them into production plans, and manage orders collaboratively, avoiding over-ordering or under-ordering.

Moselle’s mission is to revolutionize operations for consumer brands of all sizes by building the first platform to automate operations starting with inventory planning.

The company provides an all-in-one inventory forecasting, replenishment, and allocation platform that syncs with your current tech stack to deliver unparalleled insights and easy-to-use management.

We invested ~$130k in Moselle’s Pre-Seed round in 2021.

401 Financial is the nextgen adviser for the right now investor.

401 Financial is revolutionizing financial planning by being a family office in your pocket. We cater to the 25-45-year-old mostly DIY investor looking for a tech-driven, high-touch personalized experience. We manage your assets with you, not for you.

Financial advice on your terms. That’s the 401 way.

If you’re ready to experience the future of financial advice reach out to meet our team and join our community of nextgen investors.

What I’m reading 📖

Deals I’m seeing 💼

E-commerce/B2B Retail Company: Southeast Asia’s leading E-commerce platform that operates across B2B, B2G, and B2C verticals.

• $100M expected 2023 revenue

• 1.5M+ customers

• 2.5M+ SKUs across 10k+ merchants

The company is raising on a Pre-IPO convertible note (great investor terms) with a planned listing on the US markets in the second half of 2024.  

AI/FinTech/LegalTech Company: AI as a service to analyze business contracts.

• 558% YoY growth

• $3.5M ARR

• 20+ enterprise customers

Over 50% of the current round is committed and the company is backed by Guggenheim, PIF, Great Oaks Venture Capital, Align Ventures, and others.

PropTech Company – Home equity access solutions targeting cash-light/rich-in-equity homeowners in a massive $33T market.

• $31M in top-line revenue FY2022

• Innovating by using Home Equity Agreements (HEA) for homeowners that can’t qualify for home equity loans or HELOCs

• Raised ~$500M in credit in 2023 from Barclays, Texas Capital Bank, and Jefferies

The company is raising $10M in a Series A extension to scale faster with greater profitability and solidify its position as the dominant market leader.

*Nothing in this email should be taken as investment or legal advice. You should consult your legal counsel and accountant to understand how a particular investment will impact your portfolio and tax status. You are responsible for doing your own due diligence on any investment you make.

If you’re an accredited investor, you can get access to my deal flow by joining the Fox Ventures Syndicate.

If you’d like an introduction to a company, please reply and let me know - this is reserved for larger potential checks.

Advisory hours 🗓

Chad Fox is an advisor to entrepreneurs and family offices through his firm F Partners. Chad has a global network that spans from North America to the Middle East and can help you with formation, fundraising, business development, and all the challenges that come with building an early-stage company. He is a qualified lawyer, angel investor, and venture capitalist.

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