Fika Ventures co-founder Eva Ho will exit the company after deploying existing funds

Eva Ho plans to step down as general partner of Fika Ventures, a Los Angeles-based seed company she co-founded in 2016.

Fika told limited partners in an email that Ho intends to exit the firm’s existing Fund III, according to multiple people familiar with the matter. Fika confirmed the transition to TechCrunch earlier this week and published a blog post mentioning the transition this morning. TX Zhuo, Fika’s other founding general partner, will remain with the fund.

“Eva is exiting due to personal reasons. She believes the existing team can drive the process forward,” a fund spokesperson told TechCrunch.

Ho is known in Silicon Valley circles as one of the founding venture capitalists of All Raise, a network of female investors that aims to improve deal flow for women and access to capital for female and underrepresented founders.

Ho will retain control of existing investments and board seats and will remain active with the company as it deploys the remainder of Fund III, which still has remaining capital available for investment.

Ho serves on the boards of four startups, including: BackboneAI, a startup focused on data synchronization; Elementary, a humanoid robotics company; FairClaims, a legal tech startup focused on dispute resolution; Upwards, an affordable childcare platform. During her time at Fika, the firm raised more than $300 million across three flagship funds and one opportunity fund.

Prior to joining Fika, Ho was a founding general partner at Susa Ventures, a seed-focused firm. She worked at the firm from 2013 to 2017, helping invest in Susa’s first two funds, which raised a total of $75 million.

Ho also serves on the boards of several nonprofits, including the Common Crawl Foundation, which focuses on exposing web crawl data, and the California Community Foundation, which provides grants to local organizations in Los Angeles.

Mr. Ho joins a growing list of venture capitalists who have left their current companies this year through planned and unplanned exits. So far, TechCrunch counts 11 personnel changes in the venture capital space through 2024, most of them at the partner or general partner level.