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LP profile

Hillspire

Family office · Founded 2006 · Menlo Park, United States

#91 LP Ranking #1 of 169 family offices

Serves as the family office management company for Eric Schmidt, the Executive Chairman of Google, and his wife Wendy Schmidt, supporting their business and philanthropic endeavors

22 VC firms backed
$12B AUM
01 · Background

Who Hillspire is.

Historical Background
Hillspire was established in 2006 to manage the multifaceted business and philanthropic endeavors of former Google CEO Eric Schmidt and his family. The firm operates as an integrated family office, overseeing not only investments but also philanthropic entities such as The Schmidt Family Foundation and the Schmidt Ocean Institute.
Source of Capital
The capital is sourced from the personal wealth of Eric and Wendy Schmidt. This wealth is primarily derived from Eric Schmidt's long and successful tenure at Google.
Allocation Strategy
The firm's investment mandate is global and encompasses a wide array of asset classes, including publicly-traded securities, private equity, real estate, and other alternatives. While geographically diversified, the firm has a noted interest in buyout opportunities within the agribusiness sector in North America. The core investment objective is long-term capital appreciation.
02 · Fund commitments

The funds Hillspire backs.

Hillspire is a limited partner in 22 funds. 8 of them place in the Power Law Investor Ranking; those lead, best-ranked first.

03 · Allocation

How Hillspire’s fund book is spread.

The 22 funds Hillspire backs, by where the manager is headquartered and how many funds that manager has raised.

Where those managers are based

By fund headquarters.

  • North America 22100%

United States 22

How established those managers are

Managers grouped by how many funds they have raised — across the 15 of 22 with a fund history on record.

Emerging funds · 4
Established funds · 11
4 1
2
3
3 4
1 5-6
1 7-9
2 10-14
4 15+
Funds raised by the manager
05 · Direct investments

The companies Hillspire backs directly.

Hillspire holds 11 companies directly, separate from the funds it commits to as a limited partner.

Saildrone
Robotics · USA
$500M valuation
Antheia
Health · USA
$365M valuation
BlocPower
Real Estate · USA
$150M valuation
Aclima
Enterprise Software · USA
$160M valuation
Nithio
Fintech · USA
$50M valuation
Nuru (Formerly Kivu Green Energy)
Energy · Democratic Republic of the Congo
$160M valuation
Revr
Health · USA
$88M valuation
Kelvin
Real Estate · USA
$120M valuation
Allume Energy
Real Estate · Australia
$27M valuation
SafetyNet Technologies
Food · UK
$5.8M valuation
Enfuego Technologies
Jobs Recruitment · USA
$5.0M valuation
06 · Portfolio market map

Inside Hillspire’s portfolio.

The 11 highest-funded portfolio companies, of 10 tracked.

Saildrone
Robotics
$500M
Antheia
Health
$365M
BlocPower
Real Estate
$150M
Aclima
Enterprise Software
$160M
Nithio
Fintech
$50M
Nuru (Formerly Kivu Green Energy)
Energy
$160M
Revr
Health
$88M
Kelvin
Real Estate
$120M
Allume Energy
Real Estate
$27M
SafetyNet Technologies
Food
$5.8M
Enfuego Technologies
Jobs Recruitment
$5.0M
07 · Portfolio founders

Where Hillspire’s portfolio founders come from.

15 founders across the 11 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.

LocationCount
  1. United States9
  2. Australia2
  3. United Kingdom2
  4. Brazil1
  5. Democratic Republic of the Congo1
UniversityCount
  1. Massachusetts Institute of Technology2
  2. College of William and Mary1
  3. Columbia Business School1
  4. Columbia Engineering1
  5. Cornell University1
  6. Duke University1
  7. Harvard Kennedy School1
  8. INSEAD Business School1
  9. McGill University1
  10. Penn State University1
Previous companyCount
  1. Accelerate Cambridge1
  2. African Development Bank1
  3. AIESEC1
  4. Alphabet | Google1
  5. Amyris Biotech1
  6. Art. Lebedev Studio1
  7. Caltech Entrepreneurs Forum1
  8. Cambridge Judge Business School1
  9. Citi1
  10. Citibank1