Office Locations:

Jackson Square
San Francisco, CA



  • Early
  • Seed



  • Financial Services
  • Information Technology
  • Media & Digital Media
  • Software & Internet



    HVF stands for 'Hard Valuable Fun'. Founded in 2011, HVF is the umbrella project for all of Max Levchin's data-focused undertakings. Its core thesis is that thanks to low-cost sensors of every imaginable type, near-ubiquitous wireless broadband, advances in distributed computing and storage, data is becoming the most plentiful, and most under-exploited commodity. HVF takes an interest in consumer finance, enterprise document security, and disease prevention/wellness industries.

    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B

    Investment Team:

    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription or Silicon Valley Database subscription.
    Max Levchin Founder
    Ryan Metcalf Chief of Staff


    Recent Funding Events (trailing 12 months):







      Divvy Homes





    Portfolio companies include:

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      Divvy Homes
        web link

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    Recent News: