Warby Parker Co-Founder Launching Growth Equity Firm

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!
1 min read
This story originally appeared on Fortune Magazine

Andy Hunt and Jeremiah Daly have stepped down as partners with Highland Capital Partners, in order to launch their own growth equity firm, Fortune has learned.

Hunt is a co-founder and director with eyeglass upstart Warby Parker, and joined HCP back in 2011. He currently serves on the board of Scopely, and has been involved with such HCP portfolio companies as Gemvara, Harry’s and SessionM.

Daly joined HCP in early 2012 as a principal, after having spent three years with Accel Partners. He was promoted to partner the following year, and serves on the board of Malwarebytes.

News of Hunt and Daly’s pending departure first came earlier today in a letter sent to HCP’s limited partners. It was confirmed by HCP partner Sean Dalton in a phone call with Fortune. Both of their board seats are expected to be filled by other HCP staffers.

Neither Hunt nor Daily has yet responded to requests for comment.

In other HCP news, longtime chief financial officer Kathy Barry is expected to transition into an advisory role this May, while director of finance Jessica Pelletier will be promoted to senior vice president of finance.

More from Entrepreneur

Learn how to get your own business launched with our on-demand start-up course. Whether your ready or just thinking about starting your own business, get started for free with our first 3 lessons and receive a personalized 1-page business brief.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Entrepreneur Store scours the web for the newest software, gadgets & web services. Explore our giveaways, bundles, "Pay What You Want" deals & more.

Latest on Entrepreneur