NFX is a venture capital firm that exclusively invests in pre-seed and seed-stage startups, focusing on companies with the potential to develop strong "network effects." Their investment strategy targets sectors such as Bio, Gaming, Generative AI, PropTech, Space, Marketplaces, FinTech, and Crypto, with an emphasis on backing visionary founders.
Deal activity decreased year-over-year (9 deals in the last 12 months vs 18 prior). Their most common stage is seed (43% of deals). Average disclosed round size is $27.8M (across 129 rounds with reported amounts).
Portfolio
136
Fund Size
$1.5B
Top Stage
Seed
Last 12 Mo
9
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
136 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 ScaleOps | Series C | $130M | Mar 2026 |
 Novig | Series B | $75M | Feb 2026 |
 Known | Seed | $9.7M | Dec 2025 |
 On Me | Seed | $6M | Dec 2025 |
 Impala AI | Seed | $11M | Oct 2025 |
 F2 AI, Inc. | Series A | $10M | Sep 2025 |
 Maisa | Seed | $21.4M | Aug 2025 |
| Novig | Series A | $18M | Aug 2025 |
 Centivax, Inc. | Series A | $45M | Jul 2025 |
 Agentic Marketing Technologies (AMT) | Seed | $3.5M | Mar 2025 |
 Tomo Mortgage | Series B | $20M | Mar 2025 |
 Faireez | Seed | $7.5M | Mar 2025 |
 Shop Circle | Series B | $60M | Feb 2025 |
 Aligned | Series A | $8M | Jan 2025 |
 Indigo | Seed | $8M | Jan 2025 |
| Maisa | Pre-Seed | $4.7M | Dec 2024 |
| LLumen Orbit | Seed | $11M | Dec 2024 |
 Constrafor | Series A | $264M | Nov 2024 |
| ScaleOps | Series B | $58M | Nov 2024 |
 Nodal | Seed | $4M | Nov 2024 |
 Azra Games | Series A | $42.7M | Oct 2024 |
 Blitzy | Seed | $4.4M | Sep 2024 |
 Ume | Series A | $15M | Sep 2024 |
 Faddom | Series A | $12M | Sep 2024 |
 Enso | Seed | $6M | Jul 2024 |
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Top Co-Investors
Y Combinator13 shared
Canaan Partners8 shared
Founders Fund7 shared
QED Investors7 shared
Liquid 2 Ventures7 shared
Bain Capital Ventures6 shared
FJ Labs6 shared
Andreessen Horowitz5 shared
Greenspring Associates5 shared
JLL Spark5 shared
Animo Ventures5 shared
Forerunner Ventures5 shared
Lightspeed Venture Partners5 shared
Village Global5 shared
Viola Ventures4 shared
Clocktower Technology Ventures4 shared
Initialized Capital4 shared
Valor Equity Partners4 shared
ALLVP4 shared
firstminute capital4 shared
Last updated: 10 April 2026