FAST Seed
Seed Funding in 9 Days
Startup funding is too slow in normal times, and even more so during COVID-19.
$1-2M SAFE for 15%
Feedback in 3 days
Decision in 9 days
The company submission period is over.
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How FAST Works
FAST represents a new SLA for fundraising between NFX and Founders. We think it could be particularly helpful during the COVID-19 downturn.
- Initial response within 3 business days
- Decision within 9 days
- Money in your bank within 3 weeks
- Simple financial contract
- Transparent - you know the deal terms and where you are in every step of the process
- Digital and remote
- All applicants get a response, no Founder left ghosted
Founders who receive FAST funding will get the same high level of support NFX gives all its investments. They will join as equals the NFX Guild, our portfolio of 125+ top Founders who support each other.
To apply:
Create a private Company Brief which includes a deck, a video and answers to 12 questions.
Standard terms: $1M, $1.5M or $2M SAFE for 15% (see SAFE)
What companies are most likely to get funded by NFX?
NFX invests in a broad range of sectors including B2C, B2B, SMB software, computational biology, enterprise software, proptech, fintech, games, marketplaces, networks, healthcare, etc. See our existing portfolio to get a sense.
Like all investors, we have investment preferences and areas of focus that you should know about. For instance, we strongly favor companies that can have network effects (NFX). We focus on companies located in the US and Israel, and companies whose primary market is the US. Within the U.S. we focus on the SF Bay Area. We will invest occasionally in LatAm and Canada, but those are not geographies of focus for us.
We don't invest in these sectors: semiconductor, medical devices, pure pharma, pure hardware, and network devices.
Learn more about what each NFX Partner is interested in by visiting their Signal profiles: Pete Flint, Gigi Levy-Weiss, and James Currier.
Here's our current portfolio.
Here are some essays we've written on fundraising.
FAQ
What does FAST stand for?
What are the investment terms?
Which kinds of companies should apply?
How do I apply?
How do I increase my odds of getting investment from NFX?
Who sees my application?
Are investments first come, first served?
How can NFX invest so quickly?
I applied. When will I hear back?
How long will the FAST initiative last?
Will FAST founders be treated the same as the other NFX portfolio companies?
Is this an accelerator?
Is this a new financial instrument like a SAFE?
About NFX
NFX is a Seed and Series A venture firm based in San Francisco. As Founders ourselves, we built 10 companies with more than $10 billion in exits. These exits spanned multiple industries and geographies. We invest, build software, and distribute content to help early-stage Founders unlock speed, defensibility, and edge.