THE NEXT CHAPTER OF OUR DEVELOPMENT
Today at Entrepreneur First we announced the $115 million first close of our new global fund. In some ways, raising a fund like this is significant in itself: it is one of the largest pre-seed funds ever raised, the investors include top institutional investors across the US, Europe and Asia; and it underlines our global reach and ambitions.
Leading entrepreneurs have also joined us as investors: Taavet Hinrikus, founder of TransferWise, Alex Chesterman, founder of Zoopla, and EF alumnus Rob Bishop, who on on EF LD3 co-founded Magic Pony Technology, which Twitter bought for $150m in 2016.
But to us, what feels far more significant, is what that money will allow us to do.
EF exists to enable the world’s most ambitious people to become founders, no matter where they are, and this fund allows us to realise that mission.