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NFX is a venture capital firm founded in 2015 and headquartered in San Francisco, California. The firm was established by experienced entrepreneurs who have successfully built companies with significant exits. NFX focuses on early-stage technology investments, particularly in sectors that leverage network effects to create value. The firm has grown to manage a total of $450 million across three funds, with a portfolio comprising 298 companies.
Since its inception, NFX has made notable strides in the venture capital landscape, emphasizing the importance of the founding team and market opportunity in its investment decisions. The firm has established a strong presence in the startup ecosystem, particularly in the U.S., Israel, Latin America, and Europe. NFX has also built a reputation for its expertise in network effects, which remains a core aspect of its investment thesis.
NFX primarily invests in seed and pre-seed companies, with check sizes ranging from $1 million to $5 million. The firm is sector-agnostic but has a strong focus on areas such as AI, biotech, consumer platforms, cybersecurity, fintech, gaming, legaltech, marketplaces, proptech, SaaS, and space-tech. NFX actively seeks out companies that demonstrate potential for significant growth and scalability, particularly those that can leverage network effects.
The firm is particularly interested in founders who are obsessive, competitive, and innovative. NFX typically leads investments and has a geographic focus on the Bay Area, Israel, Latin America, and Europe. The firm emphasizes the importance of market positioning and operational efficiencies in its investment strategy, aiming to support founders with the resources and expertise necessary to succeed.
NFX has built a notable portfolio of 298 companies, including several high-profile exits. Key portfolio companies include:
James Currier - General Partner. James is a renowned expert in network effects and has built multiple successful companies. He co-founded NFX and has a strong background in technology and entrepreneurship.
Pete Flint - General Partner. Pete co-founded Trulia and has extensive experience in the tech industry. He brings valuable insights into consumer technology and market dynamics.
Gigi Levy-Weiss - General Partner. Gigi is a prominent Israeli tech executive with a wealth of experience in building and scaling technology companies.
Omri Drory, Ph.D. - General Partner. Omri has a strong academic background and expertise in technology and entrepreneurship, contributing to NFX's investment strategy.
Morgan Beller - General Partner. Morgan has a background in venture capital and technology, focusing on early-stage investments.
Stan Chudnovsky - Venture Partner. Stan brings extensive experience in technology and entrepreneurship, supporting NFX's portfolio companies.
Lauren Chin - Head of Investor Relations. Lauren manages relationships with investors and supports fundraising efforts.
Chris Travers - Chief Operating Officer. Chris oversees the firm's operations and ensures efficient management of resources.
To pitch NFX, founders should use the Brieflink tool to submit their company information. The pitch deck should include a clear overview of the business model, market opportunity, and competitive advantages. NFX prefers concise and compelling presentations that highlight the potential for growth and scalability.
Response times can vary, but founders can expect feedback within a few weeks. Warm introductions are beneficial, as they can enhance the chances of securing a meeting with the NFX team.
NFX runs several programs designed to support founders, including:
As of March 2026, NFX has made a total of 298 investments, including 52 acquisitions. The most recent acquisition was Valora, which was acquired by Stripe in December 2025. NFX is actively deploying capital from its third fund, which closed at $450 million, and maintains a pace of approximately one investment per week.
Notable portfolio highlights include 15 unicorns, such as Stoke and EvenUp, and 10 IPOs, including Marqeta and SimilarWeb. NFX is recognized as one of the strongest seed-stage portfolios globally based on outcome metrics.
What are NFX's investment criteria?
NFX primarily invests in seed and pre-seed companies across various sectors, including AI, biotech, fintech, and more. The firm looks for founders who are obsessive, competitive, and innovative, and it emphasizes the importance of market opportunity and the founding team.
How can founders apply or pitch to NFX?
Founders can pitch to NFX by using the tool Brieflink to submit their company information. The firm encourages a clear presentation of the business model and market potential in the pitch.
What makes NFX different from other venture capital firms?
NFX is distinguished by its strong focus on network effects and its extensive resources for founders. The firm provides access to a vast network of expertise and strategic guidance, which is particularly beneficial for early-stage companies.
What is NFX's geographic scope?
NFX actively invests in the United States, Israel, Latin America, and Europe, targeting companies that demonstrate potential for significant growth in these regions.
What is the typical fund size and check size for NFX?
NFX manages a total of $450 million across its funds, with initial check sizes typically ranging from $1 million to $5 million.
What kind of post-investment involvement does NFX have?
NFX provides ongoing support to its portfolio companies, including strategic guidance on market positioning, growth strategies, and operational efficiencies. The firm emphasizes the importance of network effects in building successful businesses.
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