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Hustle Fund, a pre-seed firm, closes $30M for a new fund

Hustle Fund, a pre-seed fund built by former operators and founders, has raised $30 million for a new fund, per SEC filings. Hustle Fund first filed paperwork for this fund, its second to date, in May 2019 with intention to raise $50 million. Its inaugural investment vehicle closed at $11.5 million.
Hustle Fund was unable to comment because it is still in fundraising mode.
Hustle Fund was created by Elizabeth Yin and Eric Bahn, two former 500 startups partners, with the goal of investing in pre-seed software startups. The firm has traditionally operated by investing $25,000 in a company, usually with a minimum-viable product, and then works with the team to help them grow. It does around 50 investments per year, according to its website.
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