# Haymaker Ventures
Haymaker Ventures is a venture capital investment firm focused on fintech, founded in 2017 and managed from 134 Homestead Place in Claremont, New Hampshire, whose two Delaware limited-partnership funds reported a combined $193.5 million sold in SEC Form D (SEC filing disclosing a private securities offering) filings.
| Fact | Detail |
| --- | --- |
| Founded | 2017, per the firm's site and Private Equity International[1](https://www.haymakergrowth.com/about) • [2](https://www.privateequityinternational.com/institution-profiles/haymaker-ventures.html) |
| Headquarters | 134 Homestead Place, Claremont, New Hampshire[3](https://www.sec.gov/Archives/edgar/data/1843266/000184326621000002/0001843266-21-000002.txt) |
| Managing Partner | S. Phin Upham[6](https://www.haymaker.com/team) |
| Focus | Fintech (banking, insurance, real estate), expanding into business software, big data/AI, and marketplaces[1](https://www.haymakergrowth.com/about) |
| Amount sold per Form D | $112 million directly confirmed for Haymaker Ventures, L.P.; combined ~$193.5 million across two funds per EDGAR records, the second fund's component not directly confirmed by a retrieved filing[4](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&filenum=021-389231) |
| Status as of September 2026 | Actively raising; new SPV Form D filed August 2026[5](https://www.sec.gov/Archives/edgar/data/2151167/000215116726000001/0002151167-26-000001.txt) |
## History and people
The firm says it spun off from [Thiel Capital](https://www.edgepedia.org/thiel-capital) in San Francisco in 2017, and that its growth investment strategy was created in partnership with one of the largest Canadian pension funds.[1](https://www.haymakergrowth.com/about) Both claims are self-reported; no independent source retrieved confirms them.
Samuel Phineas (S. Phin) Upham signs the funds' SEC filings as Managing Member of the general partner, Haymaker Ventures GP, LLC.[3](https://www.sec.gov/Archives/edgar/data/1843266/000184326621000002/0001843266-21-000002.txt) Per the firm's site, he spent almost a decade at Thiel Capital investing in fintech alongside [Matt Danzeisen](https://www.edgepedia.org/matt-danzeisen), worked as an investment banker at [Morgan Stanley](https://www.edgepedia.org/morgan-stanley), Rothschild, and Lazard, and holds a B.A. from Harvard and an M.B.A. and Ph.D. from Wharton.[6](https://www.haymaker.com/team) Danzeisen serves as Head of the Investment Advisory Committee; the site describes him as a CFA charter holder and former [BlackRock](https://www.edgepedia.org/blackrock) fixed-income portfolio manager.[6](https://www.haymaker.com/team) Private Equity International lists Arieh Levi and Olivia Baribeau as Principals in Claremont;[2](https://www.privateequityinternational.com/institution-profiles/haymaker-ventures.html) the firm's site says Levi joined from Cross River Bank, where he was AVP of Corporate Development, and earlier led fintech research at CB Insights.[6](https://www.haymaker.com/team)
## Strategy and investment focus
The firm describes an "ambitious vision for fintech," targeting embedded fintech products, and platforms and valuing durability across economic cycles.[7](https://www.haymaker.com/about) It says it began with fintech spanning banking, insurance, and real estate, and that its growth strategy, Haymaker Growth, extends into business software, big data and AI use cases, and marketplaces.[1](https://www.haymakergrowth.com/about)
The only disclosed check size belongs to the growth strategy: equity checks of $25–75 million per deal, which can be split across rounds, as lead or follower.[1](https://www.haymakergrowth.com/about)
## Funds raised (by the numbers)
The firm's SEC record consists of two fund vehicles plus a 2026 SPV:
- Haymaker Ventures, L.P. (CIK 1843266, file number 021-389231): original Form D filed February 11, 2021.[4](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&filenum=021-389231) A Form D/A filed July 7, 2021 reported a $53,150,000 total offering with $0 sold to that date and 67 investors.[3](https://www.sec.gov/Archives/edgar/data/1843266/000184326621000002/0001843266-21-000002.txt) A second Form D/A, filed August 15, 2022, and signed by Upham, reported $112,000,000 sold with an indefinite total offering amount.[4](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&filenum=021-389231) The fund relies on Investment Company Act Sections 3(c)(1) and 3(c)(7) and Rule 506 exemptions, and disclosed finders' fees of 1.5% to 4% depending on the soliciting firm.[3](https://www.sec.gov/Archives/edgar/data/1843266/000184326621000002/0001843266-21-000002.txt)
- Haymaker Ventures Fund, L.P. (CIK 1884825): a second fund vehicle recorded in EDGAR-derived records for the manager at $81,455,000 sold with a first sale date of September 28, 2021; no retrieved filing document confirms this figure directly, so it rests on that record.
Together the two funds total approximately $193.5 million sold, though the second fund's component is not directly confirmed by a retrieved filing.[4](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&filenum=021-389231) Private Equity International records one closed fund with an August 2022 close date; it does not state the fund size.[2](https://www.privateequityinternational.com/institution-profiles/haymaker-ventures.html)
Form D figures measure amounts actually sold, not final committed capital, and the filings carry no performance data. A fund may keep raising indefinitely when it reports an indefinite offering amount, so the $112 million and $81.455 million figures are floors for those vehicles rather than final sizes.
## Portfolio and exits
The firm's own portfolio page lists AI Insurance, Bookkeep, Figure, Flexpoint, FLYR, Mundi, Renew, Routefusion, Sunfish, and Utila.[8](https://www.haymakergrowth.com/portfolio) The same page separately lists "previous investments made by investment partners personally or at other firms," including Airbnb, Palantir, SpaceX, and Xero; those are not firm portfolio companies and should not be credited to the funds.[8](https://www.haymakergrowth.com/portfolio)
Aggregator data (unverified) records Figure listing on NASDAQ in September 2025 at a market cap of $4.34 billion, described as the firm's first portfolio IPO.[9](https://tracxn.com/d/venture-capital/haymakerventures/__JhImKe8ra8-NhO-Ywfe6dOwkNF9KS-XP6xEmqV7-Vzc) The same aggregator profile lists 18 portfolio companies and 2025–2026 investments in Utila (Series A, March 19, 2025), a FlexPoint follow-on (Series A, May 2, 2025), Coral Care (Series A, February 23, 2026), and Spring Labs (Series C, May 5, 2026).[9](https://tracxn.com/d/venture-capital/haymakerventures/__JhImKe8ra8-NhO-Ywfe6dOwkNF9KS-XP6xEmqV7-Vzc) These details come only from an investor-profile aggregator and are marked unverified here.
## Recent developments
No new filing appears under the first fund's file number after the August 15, 2022 Form D/A.[4](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&filenum=021-389231) The platform did, however, remain active: on August 20, 2026, Haymaker SPV Dyo, LP, a Delaware venture fund at the same Claremont address with the same general partner and Upham as managing member, filed a Form D reporting a $5,000,000 offering fully sold to 17 investors, with first sale on August 7, 2026 under Rule 506(b) and Section 3(c)(1).[5](https://www.sec.gov/Archives/edgar/data/2151167/000215116726000001/0002151167-26-000001.txt)
## References
1. [Haymaker Growth — About](https://www.haymakergrowth.com/about)
2. [Haymaker Ventures | Institution Profile | Private Equity International](https://www.privateequityinternational.com/institution-profiles/haymaker-ventures.html)
3. [SEC Form D/A — Haymaker Ventures, L.P. (filed 2021-07-07)](https://www.sec.gov/Archives/edgar/data/1843266/000184326621000002/0001843266-21-000002.txt)
4. [SEC EDGAR filing index for Haymaker Ventures, L.P. (file number 021-389231)](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&filenum=021-389231)
5. [SEC Form D — Haymaker SPV Dyo, LP (filed 2026-08-20)](https://www.sec.gov/Archives/edgar/data/2151167/000215116726000001/0002151167-26-000001.txt)
6. [Haymaker Ventures — Team](https://www.haymaker.com/team)
7. [Haymaker Ventures — About](https://www.haymaker.com/about)
8. [Haymaker Ventures — Portfolio](https://www.haymakergrowth.com/portfolio)
9. [Haymaker Ventures — Tracxn investor profile (unverified aggregator)](https://tracxn.com/d/venture-capital/haymakerventures/__JhImKe8ra8-NhO-Ywfe6dOwkNF9KS-XP6xEmqV7-Vzc)
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*Topic: Encyclopedia › Society and history › Economics and business › Finance › Venture capital and private equity › Venture capital firms of the Americas › Fintech and financial services investors*
*Initially written Sep 17, 2026 · Edited: Oct 11, 2026; Oct 15, 2026*
*Copyright 2026 EdgeChat AI, a subsidiary of Biostate AI.*
License: Edgepedia Community License 1.0, https://www.edgepedia.org/edgepedia/license