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NFX

San Francisco, California · Invests in US; MENA; Europe; LATAM · Website

Pre-SeedSeedConsumer Apps & SocialE-commerce & MarketplacesGamingB2B SaaSAI & Machine LearningDeveloper ToolsEnterprise SoftwareFintech & PaymentsBiotech & Life SciencesAerospace & DefenseHealthcare & Digital HealthSecurity & CybersecurityReal Estate & PropTechRobotics & AutomationClimate & Clean Energy

Thesis

Network effects are the #1 way to create defensibility in digital businesses. We invest in visionary founders building defensible businesses with network effects embedded in their core product.

Likely not a fit for

No pure hardware, medical devices, deep tech, or companies without network effects potential

How they invest

Lead or follow
Usually leads
Involvement
Takes a board seat
Fund status
Actively deploying
Assets under mgmt
$275M
Decision process
Partnership vote

Partners & team

7 contacts on file

SB

Sarai Bronfeld

PartnerPartner · Primary contact

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s•••@nf•••.com

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OD

Omri Drory

PartnerPartner

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o•••@nf•••.com

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MB

Morgan Beller

General PartnerGeneral Partner

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m•••@nf•••.com

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OA

Omri Amirav-Drory

General PartnerGeneral Partner

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PF

Pete Flint

General PartnerGeneral Partner

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p•••@nf•••.com

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GL

Gigi Levy-Weiss

General PartnerGeneral Partner

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g•••@nf•••.com

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JC

James Currier

General PartnerGeneral Partner

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j•••@nf•••.com

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Portfolio

DoorDashEcommerce Marketplaces

DoorDash is an on-demand delivery platform that connects customers with local restaurants, grocery stores, and retailers. It allows users to order food, groceries, alcohol, and convenience items directly from the DoorDash website or app.

LyftTravel Hospitality

Lyft is a transportation network company that provides on-demand rides through its mobile app, allowing users to request rides from drivers in their area. The platform also offers options for scheduled rides and rewards for frequent users, making it a convenient choice for both riders and drivers.

HippoInsurance

Hippo is an insurance agency offering home insurance and protection services across the U.S. It partners with independent agencies and provides flexible coverage options.

Global-e
Anchorage DigitalFintech Payments

Anchorage Digital is a global crypto platform that enables institutions to participate in digital assets through custody, staking, trading, governance, settlement, and the industry’s leading security infrastructure.

HoneyBookEnterprise Software

HoneyBook is an AI-powered client relationship platform designed for small business owners, providing tools for managing client interactions, contracts, invoices, and payments.

Incredible HealthHr Tech Work

Incredible Health is the largest AI company powering healthcare hiring, with 1.5 million U.S. healthcare workers and over 1,500 healthcare employers. AI voice agents, Gale and Lyn, transform the experience and economics of healthcare hiring, with the average hospital reducing hiring times from 86 days to under 20 for permanent nurses.

HonorConsumer Apps Social

Honor is a global smartphone brand that offers a range of mobile devices including the latest HONOR Magic Series, N Series, and X Series smartphones.

HightouchEnterprise Software

Hightouch is a Customer Data Platform (CDP) that enables marketers to sync data from their data warehouse to various marketing tools, facilitating real-time personalization and audience segmentation.

On MeEcommerce Marketplaces

On Me is a digital gifting platform that enables users to send personalized gift cards tailored to recipients’ interests, combining curated brand selections with customizable messages and media for a more meaningful experience. It integrates with mobile wallets and simplifies gifting by allowing easy purchase, delivery, and tracking through a seamless digital interface.

Stoke

Stoke Space is revolutionizing space access with its 100% reusable Nova rockets, designed to provide affordable and on-demand access to any orbit. By leveraging full reusability, Stoke aims to significantly reduce launch costs and enhance the sustainability of space operations.

EvenupLegal Regtech

EvenUp is the leading AI platform for personal injury law. Trusted by 2,000+ firms, EvenUp helps legal teams run casework like clockwork—drafting documents, automating workflows, and maximizing the outcome of every case from intake to resolution.

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Research briefRead more
NFX Research Investment Thesis NFX is a seed-stage venture capital firm founded by experienced entrepreneurs who have built 10+ companies with over $10 billion in successful exits. The fund's core thesis centers on network effects as the primary mechanism for creating defensibility and long-term value in digital businesses. NFX has spent over 20 years studying network effects and identifies 16 dif

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