Eva Ho plans to leave her position as general partner at Fika Ventures, the Los Angeles-based seed company she co-founded in 2016.
According to multiple sources familiar with the matter, Fika informed LP of Ho’s intention to withdraw from Fund III, the firm’s current fund, in an email. Fika confirmed the move to TechCrunch earlier this week and released the file blog post mentioning the passage this morning. Fiki’s other founding general partner, TX Zhuo, will remain with the fund.
“Eva is withdrawing for personal reasons. He trusts the existing team to take the matter forward,” a fund spokesman told TechCrunch.
Ho is known in Silicon Valley circles as one of the founders of VC All Raise, a network of girls investors dedicated to improving deal flow for women and access to capital for founders and underrepresented women.
Ho will retain control of her existing investments and board seats and will remain energetic in the company until the remainder of Fund III, which still has capital left to speculate, is deployed.
Ho serves on greater than 4 startup boards, including Backbone AI, a startup focused on data synchronization; Elementary, a humanoid robotics company; FairClaims, a legal tech startup focused on disputes; and Upwards, an inexpensive child care platform. During her time at Fika, the company raised over $300 million across three flagship funds and one opportunity fund.
Prior to joining Fiki, Ho was a founder and general partner at seed-focused Susa Ventures. She worked at the firm from 2013 to 2017 and helped invest Susy’s first two funds, raising a total of $75 million.
Ho also serves on the boards of several nonprofit organizations, including Common Crawl, an organization focused on making web crawling data publicly available, and the California Community Foundation, which provides grants to local organizations in Los Angeles.
Ho joins a growing list of enterprise capitalists who are leaving their current firms this 12 months amid planned and unplanned departures. So far in 2024, TechCrunch has counted over 11 VC moves, with most of them occurring at the partner or general partner level.