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NFX
NFX is a venture capital firm based in San Francisco, California, focusing on pre-seed and seed stage startups that leverage network effects. The firm invests primarily in technology sectors and is active in both the Bay Area and Israel.
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Overview
NFX is a venture capital firm founded in 2015 and based in San Francisco, California. The organization is dedicated to investing in early-stage technology companies, particularly those that can harness network effects to drive growth and value creation. NFX is known for its unique approach to venture capital, emphasizing the importance of founder characteristics such as obsession, competitiveness, and innovation.
Focus
NFX invests across various sectors, including AI, techbio, cybersecurity, consumer platforms, and space. The firm typically leads investments from pre-seed through Series A, focusing on companies that demonstrate strong potential for network effects.
Support
Founders working with NFX gain access to a suite of software products designed to support their fundraising efforts, including Signal, a fundraising network, and Brieflink, a tool for creating private, trackable fundraising deck links. Additionally, NFX offers educational resources such as the NFX Masterclass, which provides insights into leveraging network effects.
Questions
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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Programs at NFX
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What the sources say about NFX
PitchBook's public NFX preview lists TwoStep Therapeutics with deal date 2026-09-09.
Source: NFX investment portfolio | PitchBookPitchBook's public NFX preview lists F2 with deal date 2026-09-28.
Source: NFX investment portfolio | PitchBookPitchBook's public NFX preview lists Enso (Business/Productivity Software) with deal date 2026-10-01.
Source: NFX investment portfolio | PitchBookPitchBook's public NFX preview lists Altro Health with deal date 2026-10-06.
Source: NFX investment portfolio | PitchBookPitchBook's public NFX preview lists Harbor AI with deal date 2026-10-13.
Source: NFX investment portfolio | PitchBookPitchBook describes NFX as based in San Francisco, California.
Source: NFX investment portfolio | PitchBook
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