Evaluating the Plan
A financial model can show that a company should sectors into a new territory or acquire a smaller competitor. The model captures the math.
Who We Are
Where Founder-Led Becomes Institution-Ready
Most technology companies that reach The Hass Fund have already proven the hardest part: a product customers pay for, on their own terms, without outside capital.
Two Speeds of Growth
Founder-Led Growth
Software companies scale differently from most industries. A product created once can serve customers across a continent, at a fraction of the cost of a factory or a distribution network.
Institutional Growth
A second phase looks different. It calls for a new country or a strategic acquisition, backed by a leadership bench sized for a larger business.
The Transition Point
The Hass Fund invests exactly at this transition. Hundreds of European technology companies sit at this point today, ready to convert years of organic growth into an international growth story.
How We Think About Ownership
Evaluating the Team
Execution depends on people. We spend as much time evaluating the leadership team’s readiness for that plan as the plan itself.
Governance that Follows Conviction
A partnership moves forward when the investment team believes in the direction the founders want to take the business. Board representation and reporting rights matter to us, and the working relationship with day-to-day leadership matters just as much.
The Length of the Partnership
A Multi-Year Horizon
The Hass Fund structures investments for a multi-year hold. Second-stage growth takes years to compound, and the fund structure reflects that timeline.
Entering New Markets
New markets take years to enter properly, including hiring local teams and adapting a product for local buyers.
Time To Integrate
Acquisitions require patience to integrate well. Leadership teams need room to grow into a larger business while keeping what made the original team effective.
What Changes Once We Invest
A Sounding Board for Hard Calls
Which market to enter first, or when to bring in a senior hire from outside the company – these are the calls that keep founders up at night. We have sat with other technology companies through the exact same decisions.
Pattern Recognition
We draw on how similar expansion decisions played out elsewhere in the portfolio. That experience informs every conversation with a founder weighing a major decision.
Support On Demand
Support from The Hass Fund arrives when a decision comes up, on the founder’s own timeline. A phone call ahead of any big decision matters more to us than a slide deck delivered once a quarter.
The specific tools behind this relationship, including talent support and acquisition sourcing, are covered on the Working with The Hass Fund page.
What Founders Keep
Daily Control
An investment by us changes the balance sheet. Founders and management stay in charge of product direction and daily operations.
Ownership Structures
Equity stakes vary by deal. Some founders sell a minority position and retain full control of the business. Others sell a majority stake and stay on to run the company, with The Hass Fund taking board representation.
Same Team, Next Stage
The leadership team that got the business here is the same team expected to run its next stage. Our role is to make that next stage achievable for the people already running the company.
Start The Conversation
If your company has reached the limits of what it can achieve without outside capital and operational support, The Hass Fund would like to hear from you.