H Squared Management

H Squared Management

H Squared Management was established in 2017 by Harsh Agarwal, a former investment banker and private equity professional, to manage his personal wealth. The New York-based firm operates as a single-family office, giving Agarwal full discretion over investment decisions without the reporting obligations or fee structures of a traditional fund manager. His capital base was accumulated through career stints in structured finance and principal investing. Agarwal targets early-stage venture across North America and select emerging markets, with a portfolio that includes enterprise software, artificial intelligence, fintech, digital health, and climate technology companies. He participates in both seed and Series A rounds, taking direct equity positions rather than fund commitments. Known investments include Cohere, the Toronto-based large language model developer, and Canva, the Australian design platform, alongside exposure to autonomous systems and machine-learning infrastructure startups. The firm does not accept outside capital, which lets Agarwal hold positions indefinitely without pressure to exit on a fund clock. The firm does not publicly disclose assets under management or deployment totals. Team size remains small by design — lean enough to avoid institutional overhead — and Agarwal has not opened additional offices. No adjacent philanthropic vehicle or operating company is publicly tied to the family office. In January 2024, Agarwal participated in a seed round for a climate-adaptation analytics startup, reflecting a continued push into technology addressing environmental risk. The structural differentiator is independence. Because H Squared Management deploys only personal capital, Agarwal can concentrate bets in technical founders and frontier technologies — including AI alignment and synthetic biology — that many venture funds avoid due to mandate or LP constraints. This architecture mirrors a growing cohort of operator-family offices where the principal is both allocator and sole decision-maker.