For HFII, the standard initial investment is $75,000 via an uncapped, step discounted Safe note.

For BRF, our ticket sizes range between €500,000 up to €6,000,000 and vary from company by company. We do go above and beyond and open for discussion. We are open to leading or co-leading. We reserve a significant portion of our capital for follow-on investments.

For HFII, our initial investment is made via participation on our CREST program. This is an open call and applications can be made via our website. We review applications for alignment and move suitable companies to due diligence.  

For BRF, it takes on average 4-6 months from initial conversation to final close of the deal. While we often try to move at the pace of the founder or founding team, the time length depends on the complexity of the deal.

Here’s the general steps every founding team goes through: 

1. Initial engagement: we first review your pitch deck in detail. If the business is interesting, we move into an initial 30 minutes meeting with the founder / founding team. We let the founder do most of the talking and hope you use the opportunity to dive deeper into your team, business, market and products. 
2. Assessment: if you pass the initial meeting, you’ll spend more time with your BRF deal flow team as we continue to learn more about each other over a few calls. The dealflow team will initiate an assessment note and meet weekly to discuss key decisions and new insights. In parallel, we share your company information with our Conservation Manager The Nature Conservancy to carry out initial impact screening of your company. 
3. Final decision: if all looks good and interest remains strong among our dealflow team, our investment committee will discuss your company in great deal to give you a final answer. Then comes the legal work to finalize the deal and transfer capital.

HFII: No. We initially invest via an uncapped, step discounted Safe note. We assess ownership requirements at the follow-on investment stage.

BRF: No. We’d like to own enough of each company to make sure our incentives align and we can provide meaningful resources and time to help you build. Unlike some traditional venture funds requesting 20 to 25% ownership, we do not have such requirements.

We generally take a board seat (and meet quarterly with our founders) and provide value add in areas where we can, for example, introducing ingredient companies to trialing partners or potential buyers, but we do not overstep and micromanage founder’s decisions. We are open to brainstorming and feel a sense of pride when our companies sprout and thrive.