NFX Raises A $150M VC Fund
November 29, 2017 | NFX, a seed and series A venture firm, has raised $150 million for a venture capital fund to invest in a select group of early-stage startups across all sectors in Silicon Valley and Israel, including artificial intelligence, biotech, blockchain, fintech, robotics, and more. Globes reported that the company will consider all startups that “have the potential in them to develop network effects and thus defensibility.”The company’s partners are Israeli Gigi Levy-Weiss, an angel investor and former CEO of 888 Holding, and Americans James Currier and Pete Flint. According to a published report in Globes, the venture firm will invest $250,000 on a rolling basis to early startups along with six months of structured support. For seed and early A startups, NFX will invest from $500,000 to $5 million and work with them through an exit. NFX was founded in June 2015 and is currently based in San Francisco.