# HPF

> HPF is a VC fund backing Retail, Fashion and Lifestyle. See 2 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Total investments: 2
- Last investment: Sep 2023
- Lead investor: 0%
- Last updated: Aug 2026

HPF is an Investment firm.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Retail | 1 | 50% |
| Fashion | 1 | 50% |
| Lifestyle | 1 | 50% |
| Manufacturing | 1 | 50% |
| Sporting Goods | 1 | 50% |

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Pre-Seed | 1 | 50% |
| Funding Round | 1 | 50% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Muule | Muule, an ethical outdoor equipment distributor, examines companies before distributing them. Each brand sold on the site is subject to an eco-responsibility barometer that considers three important indicators: product eco-design, manufacturing chain, and corporate social responsibility (CSR). | $749.5K | Pre-Seed | Sep 08, 2023 | http://www.muule.fr |
| Saola | Saola is an eco-friendly footwear company that develops one-of-a-kind shoes out of recycled and bio-based materials. Saola shoes are made from recycled PET, algae bloom foam, natural cork and organic cotton. | $2.2M |  | Apr 26, 2023 | https://saolashoes.com |

2 of 2 investments shown.

## Co-investors
- [Bpifrance](https://shizune.co/investors/profile/bpifrance) — VC Fund, 2 deals together
- [Crédit Agricole](https://shizune.co/investors/profile/credit-agricole) — VC Fund, 1 deal together
- [Érbe Family Office](https://shizune.co/investors/profile/%C3%A9rbe-family-office) — VC Fund, 1 deal together
- [My Family Officer](https://shizune.co/investors/profile/my-family-officer) — VC Fund, 1 deal together

## Similar investors

### Similar industry
- [Bpifrance](https://shizune.co/investors/profile/bpifrance) — VC Fund
- [Aster](https://shizune.co/investors/profile/aster-capital) — VC Fund
- [Eleven Ventures](https://shizune.co/investors/profile/eleven) — VC Fund

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund
- [Everywhere Ventures](https://shizune.co/investors/profile/everywhere-ventures) — VC Fund

### Similar country
- [Bpifrance](https://shizune.co/investors/profile/bpifrance) — VC Fund
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [SFC Capital](https://shizune.co/investors/profile/startup-funding-club) — VC Fund

## Featured in investor lists
- [Sporting Goods Investors in Europe](https://shizune.co/investors/sporting-goods-investors-europe)
- [Sporting Goods Investors in France](https://shizune.co/investors/sporting-goods-investors-france)

## FAQ

### What does HPF invest in?

HPF invests primarily in Retail, Fashion and Lifestyle startups, most often at Pre-Seed and Funding Round stage. Most of the 2 investments tracked by Shizune back companies in France. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did HPF last invest?

The most recent investment recorded for HPF closed in Sep 2023. Shizune tracks 2 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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