The National Science Foundation (NSF) is a U.S. federal agency that focuses on funding fundamental research and education across all non-medical fields of science and engineering. Its strategy involves providing non-dilutive funding, primarily through grants, for high-risk, high-reward technical challenges that have the potential for societal benefit and commercialization, particularly in critical and emerging technologies.
40% of their portfolio is in Climate & Energy. Their most common stage is seed (60% of deals). Average disclosed round size is $11.0M (across 5 rounds with reported amounts).
Portfolio
5
Fund Size
—
Top Stage
Seed
Last 12 Mo
0
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
5 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| RRefiberd | Seed | $3.4M | Aug 2023 |
 CB Insights | Seed | $1.1M | Aug 2015 |
| PPHASE Scientific | Series A | $34M | — |
 Aclarity, Inc. | Seed | $319K | — |
 Mode | Series B | $16M | — |
Top Co-Investors
Gates Foundation1 shared
Better1 shared
The Schmidt Family Foundation1 shared
Carnegie Mellon University1 shared
GV (Google Ventures)1 shared
NEA (New Enterprise Associates)1 shared
Last updated: 8 March 2026