UK-based deep-tech focused accelerator, Entrepreneur First has raised $115 Mn in an investment led by some of the top institutional investors across the US, Europe, and Asia, including new anchor LP Trusted Insight. Other European entrepreneurs like Taavet Hinrikus, Alex Chesterman and EF alumnus Rob Bishop also participated.
With the raised funding Entrepreneur First will invest in 2,200 of the world’s most ambitious deep-tech entrepreneurs across six international markets including London, Berlin, and Singapore.
Matt Clifford, Entrepreneur First co-founder, and CEO said, “As we undertake further global expansion, the support of our investors enables us to continue building more deep-tech startups than anyone else. In empowering thousands of talented individuals across the globe we can help them realize their true potential to create an impactful legacy.”
The London-headquartered talent investor will also utilize the fund to help create 300 venture-backed companies, which is thrice the number of startups it has helped create since its launch in 2011.
Founded in 2011 by Matt Clifford and Alice Bentinck to help top-level talent build world-class tech startups, Entrepreneur First recently also made its way to India. It announced its expansion in India with a commitment of $25 Mn and a maiden cohort of 50 innovators.
Entrepreneur First through its program invests time and money in individuals, helping them in finding co-founders and building high-growth technology companies from scratch. Currently, it has cohorts in Bangalore, Berlin, Hong Kong, London, Singapore, and Paris, where this new and one of the largest pre-seed funds ever raised will be invested.
Since, 2011 Entrepreneur First has helped more than 1200 individuals build over 200 technology companies, collectively worth $1.5 Bn. Now, as it works on putting its global strategy to action and expanding its operations, how it makes its space in these diverse markets and achieves its mission to help create 300 venture-backed companies is to look forward to.