NFX is a pre-seed and seed-stage venture capital firm founded by serial entrepreneurs, focusing on companies with network effects. The firm's latest fund, Fund IV, is $325M, bringing total assets under management to approximately $1.5B.
Deal activity decreased year-over-year (14 deals in the last 12 months vs 21 prior). Their most common stage is seed (41% of deals). Average disclosed round size is $27.5M (across 247 rounds with reported amounts).
Portfolio
175
Fund Size
$325M
Top Stage
Seed
Last 12 Mo
14
Team
James Currier
General Partner
Emily Leproust
Bio Investment Committee
Chris Travers
Chief Operating Officer
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
269 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Remepy | Series A | $36M | Aug 2026 |
| PPumpkinseed | Series A | $20M | May 2026 |
| SStarfish | Series B | $100M | Apr 2026 |
| QQ-Factor | Seed | $24M | Apr 2026 |
 ScaleOps | Series C | $130M | Mar 2026 |
 Guild.ai | Seed | $14M | Mar 2026 |
 Novig | Series B | $75M | Feb 2026 |
 Novig | Series B | $75M | Feb 2026 |
 Starcloud | Series B | $34M | Feb 2026 |
 TwoStep Therapeutics | Series A | $21.1M | Jan 2026 |
| QQ-Factor | Seed | $24M | Jan 2026 |
| TTawkitAI | Series A | $20.5M | Jan 2026 |
| PPumpkinseed | Series A | $20M | Jan 2026 |
| Starcloud | Series A | $170M | Jan 2026 |
 Alice | Unknown | $140M | Jan 2026 |
 On Me | Seed | $6M | Dec 2025 |
 Impala AI | Seed | — | Oct 2025 |
 Stoke Space | Series D | $510M | Oct 2025 |
 F2 | Series A | $10M | Sep 2025 |
 Maisa | Seed | — | Aug 2025 |
| Novig | Series A | $18M | Aug 2025 |
| Novig | Series A | $18M | Aug 2025 |
 Vendict | Series A | — | Aug 2025 |
 Centivax | Series A | $45M | Jul 2025 |
 AMT | Seed | $3.5M | Mar 2025 |
Page 1 of 11
Top Co-Investors
Y Combinator33 shared
Endeavor15 shared
Founders Fund14 shared
Canaan Partners14 shared
ANIMO Ventures12 shared
Andreessen Horowitz11 shared
Bain Capital Ventures11 shared
Gaingels10 shared
SV Angel9 shared
QED Investors9 shared
Left Lane Capital9 shared
Clocktower Technology Ventures9 shared
JLL Spark9 shared
Soma Capital9 shared
Torch Capital8 shared
Forerunner Ventures8 shared
Lightspeed Venture Partners8 shared
Greenspring Associates7 shared
Viola Ventures7 shared
Last updated: 27 September 2026