Good Friends
Description
Good Friends is an early-stage venture capital firm co-founded in 2021 by entertainment mogul Kevin Hart, alongside partners Bryan Smiley and Jeff Clanagan. The firm emerged with a clear mission to invest in and nurture promising businesses at their foundational stages, particularly within the consumer products, technology, and media sectors. Leveraging the extensive industry experience and networks of its founders, Good Friends aims to be more than just a capital provider, offering strategic guidance and operational support to its portfolio companies.
The firm successfully closed its inaugural fund with a substantial capital raise of $100 million, signaling its serious commitment to the venture landscape. Good Friends primarily targets early-stage companies, seeking to identify innovative startups with strong growth potential. Their typical initial investment check sizes range from $500,000 to $5 million, allowing them to participate meaningfully in seed to Series A rounds. This financial commitment is complemented by a hands-on approach, where the firm actively works with founders to navigate challenges and scale their operations.
Good Friends differentiates itself through the unique blend of its founders' expertise in entertainment, brand building, and business development. This allows the firm to offer unparalleled insights, particularly to companies looking to penetrate consumer markets or leverage media platforms. By focusing on building strong foundations, Good Friends aims to foster long-term success for its portfolio, emphasizing sustainable growth and strategic partnerships. Their investment thesis underscores the belief that robust early-stage support is critical for companies to achieve significant market impact.
Investor Profile
Good Friends has backed more than 48 startups, with 3 new investments in the last 12 months alone. The firm has led 2 rounds, about 4% of its total and boasts 1 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Series A, Seed, Series B rounds (top funding stages).
- Majority of deals are located in United States, Canada.
- Strong thematic focus on Software, Real Estate, Artificial Intelligence (AI).
- Typical check size: $500K – $5M.
Stage Focus
- Series A (40%)
- Seed (40%)
- Series B (13%)
- Pre Seed (4%)
- Series Unknown (4%)
Country Focus
- United States (98%)
- Canada (2%)
Industry Focus
- Software
- Real Estate
- Artificial Intelligence (Ai)
- Information Technology
- E-commerce
- Saas
- Financial Services
- Marketing
- Health Care
- Logistics
Frequently Asked Questions
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