NFX
| Private | |
| ISIN | 🆔 |
| Industry | Venture capital |
| Founded 📆 | 2015 |
| Founder 👔 | |
| Headquarters 🏙️ | , , U.S. |
Area served 🗺️ | United States, Israel |
Key people | James Currier, Pete Flint, Gigi Levy-Weiss, Stan Chudnovsky |
| Members | |
Number of employees | |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
NFX is a seed-stage venture capital firm headquartered in San Francisco, California, that invests in technology companies within Israel and Silicon Valley. NFX was started in 2015 by Gigi Levy Weiss, Pete Flint, James Currier, and Stan Chudnovsky.
Overview
NFX advises and invests in network effect businesses. NFX’s managing partners, Gigi Levy Weiss, Pete Flint, and James Currier, have built 10 network effect businesses with more than $10 billion in exits across multiple industries and geographies.
Gigi Levy Weiss, Pete Flint, and James Currier have invested in or advised more than three hundred successful startups at their earliest stage — some investments were made before they joined NFX such as Lyft, DoorDash, Poshmark, Patreon, and Houzz. Collectively, those startups have created more than $50 billion in value.
NFX builds software products for the founder community, Signal and The Brief. Signal is a customer relationship management (CRM) software and database for startup founders to target their outreach and manage their relationships with investors. The Brief is a software program for creating and sending business plans to investors. NFX launched its first institutional fund of $150 million in 2017 and its second fund of $275 million in 2019.[1][2][3]
Investments
NFX invests in private seed-stage companies with network effects, primarily business-to-business and business-to-customer networks.[4] NFX invested in companies such as Honeybook, Incredible Health, Mammoth Biosciences, Zeus Living, Firefly, Ribbon, Let’s Do This, Zubale, Medinas Health and many more.[4]
Funding
NFX raised its first fund of $150 million in October 2017.[5] It raised $275 million in its second fund in May 2019.[4]
References
- ↑ "Is the traditional VC model broken? This 'software-infused' firm just raised a $150M fund to fix 'medieval' process". GeekWire. 2017-11-28. Retrieved 2020-05-21.
- ↑ Orbach, Hagar Ravet and Meir (2019-12-30). "Spinning Wheel: Venture Funds Are Now Battling Over Startup Investments, Says Venture Capitalist". CTECH - www.calcalistech.com. Retrieved 2020-05-21.
- ↑ "NFX accelerator launches first institutional fund of $150 million to disrupt the VC model". VentureBeat. 2017-11-28. Retrieved 2020-05-21.
- ↑ 4.0 4.1 4.2 Orbach, Meir (2019-05-22). "NFX Raises Second, $275 Million Fund". CTECH - www.calcalistech.com. Retrieved 2020-05-21.
- ↑ "NFX Guild gets more serious about investing with a $150 million fund". TechCrunch. Retrieved 2020-05-21.
References
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