Organization · Venture Capital
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.
Overview
What NFX does
What NFX is
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.
How it participates in the startup ecosystem
The current public profile supports funder and program host and publisher capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Venture Capital
- Founded
- Founded in 2015
- Approximate age
- About 11 years
- Structured capabilities
- Funder · Program host · Publisher
- Last reviewed
- March 11, 2026
Official channels
Find NFX elsewhere
Open the official website or a supported primary organization account.
Capability profile
NFX as a funder
Investment thesis
NFX focuses on seed and pre-seed investments, leveraging network effects expertise to support founders across various sectors.
Focus narrative
NFX primarily invests in seed and pre-seed companies, with an average check size ranging from $1 million to $5 million. The firm is sector-agnostic but has a strong focus on areas such as AI, bio, consumer, crypto, cybersecurity, fintech, gaming, insurance, legal tech, marketplaces, proptech, SaaS, and space. NFX actively invests in the U.S., Israel, Latin America, and Europe.
Value beyond capital
NFX adds value to its portfolio companies by providing access to a vast network of resources, expertise, and strategic guidance. The firm emphasizes the importance of network effects in building successful businesses and offers support in areas such as market positioning, growth strategies, and operational efficiencies.
Terms and economics
- Typical check
- $1,000,000–$5,000,000
Focus and fit
- Stages
- Pre-seed · Seed
- Sectors
- AI · Biotech · Consumer · Cybersecurity · Fintech · Gaming · Legaltech · Marketplaces · Proptech · SaaS · Space Tech
Availability
- Currently deploying
- Yes
Portfolio and track record
- Recorded portfolio count
- 298
- Recorded notable exits
- DoorDash, Lyft, Marqeta, and SimilarWeb
Portfolio context
Notable portfolio companies include: Anchorage Digital: A crypto platform for institutions. Doordash: A marketplace for delivery logistics. Evolution: A provider of gaming experiences. Global-e: A platform for global, direct-to-consumer cross-border e-commerce. Hightouch: A data and AI platform for marketing and personalization. Hippo: An online home insurance provider. HoneyBook: A SaaS and payments platform for creative SMB services. Honor: A market network for care workers in the home. Incredible Health: A labor marketplace for permanent healthcare workers. Lyft: A marketplace for mobile ride-sharing.
Capability profile
NFX as a program host
Program thesis
NFX focuses on investing in early-stage technology companies that leverage network effects to create value.
Focus narrative
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.
Value and 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.
Availability
- Application state
- Not published
Focus and fit
- Stages
- Pre-seed · Seed · Series A
- Regions
- North AmericaUnited States
Programs hosted by NFX
These Programs have a direct canonical host relationship to this Organization.
Capability profile
NFX as a publisher
Editorial focus
NFX is a venture capital firm that focuses on seed and pre-seed investments, primarily in the United States. Founded by experienced entrepreneurs, NFX aims to support founders by providing access to a network of resources and expertise to help them succeed. The firm emphasizes the founding team and market opportunity when making investment decisions.
Audience value
NFX provides founders with access to a robust network of resources and expertise, facilitating their success in the early stages of their ventures.
Format and cadence
- Content formats
- newsletter and podcast
- Primary platform
- Apple Podcasts, Spotify
- Cadence
- weekly
- Recorded audience size
- 321,000
Availability
- Guest pitch state
- Not currently accepting
Audience and focus
- Audience
- Founders
- Sectors
- AI · Biotech · Consumer · Cybersecurity · Fintech · Gaming · Insurtech · Legaltech · Marketplaces · Proptech · SaaS · Space Tech
Flagship work and coverage
Flagship properties
NFX produces a weekly newsletter with over 321,000 subscribers and hosts the NFX Podcast available on platforms like Apple Podcasts and Spotify.
Common questions
What to know about NFX
Upseed classifies NFX under the Venture Capital organization type. Its current public profile includes funder, program host, and publisher capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
March 11, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.