NFX is a seed-stage VC firm that invests in companies built on network effects across eight focus areas: Bio, Gaming, Generative AI, PropTech, Space, Fintech, Marketplaces, and Crypto. They typically invest at seed and pre-seed stages with average checks of $1-$5M.

Check Size

$1M - $5M

Stages

Pre Seed, Seed

Focus Areas

Biotech, Gaming, Ai Ml

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Investment Thesis

NFX invests in founders who see things others do not—the visionaries and anti-normal builders. As founders themselves who built 10 companies with over $10 billion in exits, they invest in transforming fearless founders into elite leaders. Their approach emphasizes backing the best founders first and fast, then helping them get it right fast and raise their next round fast. They focus primarily on the founding team and market opportunity when making investment decisions.

What Sets Them Apart

  • Deep expertise in network effects—their name stands for 'network effects' and they've studied this concept for over 20 years
  • Founder-led firm with 10 companies that achieved $10B+ exits, giving them operational credibility
  • Scientist-founders with deep expertise in biotech, having 'walked in your shoes, from the lab to scaling $B+ techbio companies'
  • Full team access rather than single-partner relationships: 'When we invest, founders have access to our entire team – not just one partner'
  • Comprehensive founder support network via The Guild (500+ visionary founders) offering 1:1s, fundraising support, pitch deck design, PR, executive coaching, HR playbooks, and more
  • Build proprietary software for founders including Signal (fundraising network), Brieflink (trackable deck links), and NFX Masterclass
  • Global presence across Silicon Valley, Israel, Europe, and LatAm
  • Published 429+ pieces of content educating the startup ecosystem

Portfolio Highlights

Anchorage Digital

Crypto

DoorDash

Marketplaces

Evolution

Gaming

Global-e

Saas

Hightouch

Ai Ml

Hippo

Insurance

HoneyBook

Fintech

Honor

Marketplaces

+ 35 more companies in their portfolio

Investment Team

19 Partners at NFX

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