When was Entrepreneurs First founded?

Entrepreneurs First was founded in 2011.

Where is Entrepreneurs First's headquarters located?

Entrepreneurs First's headquarters is located in San Francisco (United States).

How big is Entrepreneurs First's investment team?

Entrepreneurs First has a team of 94, including 7 partners.

How many companies has Entrepreneurs First invested in?

Entrepreneurs First has invested in 763 companies, including Cleo & Unbox Robotics.

Which companies has Entrepreneurs First invested in lately?

Scarlet & ByteAsk are the latest investments by Entrepreneurs First.

How many exits has Entrepreneurs First been involved in?

Entrepreneurs First's portfolio has seen 64 acquisitions.

How many unicorns are there in Entrepreneurs First's portfolio?

There are 3 unicorns in Entrepreneurs First's portfolio.

Entrepreneurs First - 2026 Investor Profile, Portfolio, Team & Investment Trends

Entrepreneurs First, an accelerator and incubator program founded in 2011, is based in San Francisco, United States. With a presence in 23 countries, it has supported around 763 startups in sectors like Enterprise Applications, High Tech. As of Oct 2026, Entrepreneurs First has 3 unicorns under its belt and has witnessed 64 portfolio exits. Most notable companies in its portfolio include Cleo, Unbox Robotics and Aztec. The program is backed by a team of 94 people who primarily support Seed startups based in United Kingdom. Its latest investment was a $50M Series B round in Scarlet on Oct 12, 2026, which also saw participation from Headline and Notion Capital.

Key Metrics

Founded Year

2011

Location

San Francisco, United States

Portfolio Companies

Cleo, Unbox Robotics & 761 more

Sectors of Investment

Enterprise Applications, High Tech & 37 more

Stages of Investment

Seed, Series A & 4 more

Locations of Investment

United Kingdom, Singapore & 21 more

Unicorn in Portfolio

Open Cosmos, Olix & 1 more

View Entrepreneurs First's full profile

Entrepreneurs First has a portfolio of 763 companies, including 3 unicorns. Their most notable investments are in Hadean and IVF.Their portfolio spans across United Kingdom, Singapore, United States and 20 more locations. They have invested in Enterprise Applications, High Tech, HealthTech and 36 other sectors, across stages such as Seed, Series A and 4 more. Here is the list of top investments by Entrepreneurs First:

1. Cleo

AI-powered personal finance app that helps users track spending, build savings habits, and improve money management. It connects to users’ bank accounts via secure APIs like Plaid to analyze spending, track transactions, and provide personalized financial insights. It uses behavioral insights and machine learning to help users budget, set savings goals, and develop better financial habits.

Key facts about Cleo

Location: Wilmington (United States)
Annual Revenue: £100M - £500M as on Dec 31, 2024
Last Known Valuation: $*****
Stage: Acquired
Total Funding till date: $175M
Employee Count: 726 as on Sep 30, 2026
Investors: TriplePoint Capital, EQT and 55 Others
Latest Funding Round: Series C, Apr 13, 2022, $*****
Highlight: Acquired

2. Unbox Robotics

Developer of intelligent vertical robotic sortation systems for warehouse automation. The technology utilizes autonomous mobile robots and software to sort parcels within fulfillment centers and distribution hubs. These modular systems are designed to operate in three-dimensional space, providing scalable capacity for order consolidation and parcel routing. By integrating high-speed robotics, the platform optimizes floor space usage and improves throughput in logistics operations. The systems support various parcel sizes and weights, enabling automated workflows in diverse distribution environments.

Key facts about Unbox Robotics

Founded Year: 2019
Location: Pimpri Chinchwad (India)
Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2026
Valuation: $*****
Stage: Series B
Total Funding till date: $28.2M
Employee Count: 105 as on Jul 31, 2025
Investors: Sixth Sense Ventures, F-Prime Capital and 54 Others
Latest Funding Round: Series B, Jan 05, 2026, $*****
Highlight: Editors' Pick

3. Aztec

Blockchain-based network for digital security token management. It provides users with to ultimate security shield for the internet of money, protecting the user & business data, and more. It offers identity privacy, balance privacy, code privacy, private assets management, and more.

Key facts about Aztec

Founded Year: 2018
Location: London (United Kingdom)
Valuation: $*****
Stage: Series B
Total Funding till date: $119M
Employee Count: 80 as on Sep 30, 2026
Investors: Fenbushi Capital, Paradigm and 28 Others
Latest Funding Round: Series B, Dec 13, 2022, $*****
Highlight: Editors' Pick

4. Poly

Developer of conversational voice artificial intelligence agents for customer service. These software tools automate interactions by processing spoken language to handle inquiries, manage appointments, and resolve service requests. The technology integrates with existing enterprise systems to facilitate automated communication across voice, chat, and messaging channels. Engineering teams utilize provided development kits to build, deploy, and manage these automated agents within their own technical environments. The system tracks interaction metrics and provides analytical insights to monitor performance and manage automated workflows.

Key facts about Poly

Founded Year: 2017
Location: London (United Kingdom)
Annual Revenue: £10M - £50M as on Jan 31, 2026
Valuation: $*****
Stage: Series D
Total Funding till date: $206M
Employee Count: 364 as on Sep 30, 2026
Investors: Georgian, Sands Capital and 17 Others
Latest Funding Round: Series D, Oct 31, 2025, $*****
Highlight: Editors' Pick

5. Permutive

Provider of ad data management platform. It offers its solutions to advertisers and publishers that help in controlling the data related to advertisements and audiences. It has functionalities including bug fixer and crisis mode which predicts the data breaches and malfunctions.

Key facts about Permutive

Founded Year: 2013
Location: London (United Kingdom)
Annual Revenue: £10M - £50M as on Jan 31, 2025
Stage: Series C
Total Funding till date: $116M
Employee Count: 108 as on Sep 30, 2026
Investors: Kreos Capital, EQT and 13 Others
Latest Funding Round: Series C, Oct 25, 2021, $*****
Highlight: Editors' Pick

View the full list of portfolio companies

Entrepreneurs First has invested in 763 companies over the last 13 years, with an average of 27 new investments annually in the last 10 years. In 2025, it made 22 investments, while as of Oct 2026, it has made 26 investments in this year. Its most recent first time investment was in Scarlet and most recent follow-on round was in Jack & Jill AI.

Here are Entrepreneurs First's Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	19	7	26
2025	17	5	22
2024	10	5	15
2023	18	9	27
2022	34	15	49
2021	43	11	54
2020	34	8	42
2019	48	8	56
2018	20	3	23
2017	21	5	26

View all investments by Entrepreneurs First

Entrepreneurs First has made 259 investments in Seed stage with an average round size of $1.79M, 24 investments in Series A stage with an average round size of $22.6M and 4 investments in Series B stage with an average round size of $28.2M.

Here are Entrepreneurs First's investments by stage:

Stage of entry	No. of Investments
Seed	259
Series A	24
Series B	4
Conventional Debt	1
Series C	1
Others	1

Note: We have considered here, only first round of investments

View all investments by Entrepreneurs First

Entrepreneurs First has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Vertical SaaS, FinTech and Consumer. Notably, it has invested in 685 Tech companies, 603 Enterprise (B2B) companies, 488 Software companies and at least 277 companies focusing on Saas.

Here are Entrepreneurs First's investments by sector:

Sector	No. of Investments
Enterprise Applications	172
High Tech	100
Vertical SaaS	47
FinTech	46
Consumer	37
Others	379

Note: We have considered here, only first round of investments

View all investments by Entrepreneurs First

Entrepreneurs First has made most investments in United Kingdom (111), followed by Singapore where it has made 61 investments.

Here are Entrepreneurs First's investments by geography:

Country	No. of Investments
United Kingdom	111
Singapore	61
India	42
United States	25
France	21
Others	34

Note: We have considered here, only first round of investments

View all investments by Entrepreneurs First

Entrepreneurs First has made 26 investments in 2026 so far. Scarlet and ByteAsk are the latest among them.

Here are the most recent investments by Entrepreneurs First:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Oct 12, 2026	Scarlet	United Kingdom	Series B	8696	Headline [+4]
Sep 24, 2026	ByteAsk	United States	Seed	8720	Y Combinator
Sep 15, 2026	Jack & Jill AI	United Kingdom	Series A	5071	Air Street Capital [+5]
Sep 14, 2026	Open Cosmos	United Kingdom	Series C	6075	ETF Partners [+9]
Sep 10, 2026	HelmGuard	Malaysia	Seed	7074	Infinity Ventures [+3]

See more recent investments made by Entrepreneurs First

Entrepreneurs First has 3 unicorns in its portfolio - Open Cosmos, Olix and Tractable. The most recent unicorn in their portfolio is Open Cosmos. It became a unicorn in 2026, 8 years after Entrepreneurs First first invested in it.

Here is a list of unicorns in Entrepreneurs First's portfolio:

Filter this list

Tracxn Score	Company	Short Description	Founded year	Sector	Location	Company Stage	First Investment/ Acquisition Details
65	Open Cosmos	Operator of space missions providing satellite data and earth observation	2015	Aerospace, Maritime and Defense Tech [+2]	Harwell	Series C	nyerzz{
52	Olix	Developer of specialized hardware infrastructure for high performance artificial intelligence	2024	High Tech	London	Series B	oafjswc
58	Tractable	Developer of artificial intelligence software for automated vehicle damage assessment	2014	Auto Tech [+3]	London	Series E	mykrudw

View more details about unicorns in Entrepreneurs First's portfolio

64 companies from Entrepreneurs First's portfolio have been acquired. The most recent acquisition was Cleo in Sep 2026 by Wellthy for $*****.

Here are Entrepreneurs First's portfolio companies that got acquired most recently:

Filter this list

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
Cleo	Sep 14, 2026	Dec 10, 2020	Series B	4659
Samp AI	Sep 04, 2026	-	-	4132
Goodwill	Aug 26, 2026	-	-	1635
ZeroEntropy	Aug 08, 2026	-	-	4824
Wexler	Jul 29, 2026	Dec 03, 2024	Seed	9625

View all acquired companies in Entrepreneurs First's portfolio

Entrepreneurs First has a team of 94 members including 7 Partners, 12 Venture Partners and 13 Principals located in United Kingdom, United States and 4 more locations. Entrepreneurs First's team sits on the board of 1 company.

Here is a list of top team members in Entrepreneurs First:

Name	Designation	Location	Board Memberships	Contact Details
Reid Hoffman	Partner	United States	Zynga	5 Emails
Matt Clifford	Partner	United Kingdom	-	-
Isabel Bescos	Partner	San Francisco	-	-
Joseph Ros	Partner	San Francisco	-	1 Email
Mike Phillips	Partner	London	-	-
Will Neale	Partner	London	-	1 Email
Ben Opene	Partner	London	-	1 Email
Elspeth Lawson	Partner	London	-	-
Shankara K	Partner	Chennai	-	1 Email
Lukasz Bartoszcze	Partner	United Kingdom	-	1 Email

View team details of Entrepreneurs First

Over the past 13 years, 1491 investors have co-invested in Entrepreneurs First's portfolio companies. This includes funds and angels.

Invested before Entrepreneurs First: HAX, SGInnovate and 72 others have invested in rounds before Entrepreneurs First. There are 6 companies where HAX has invested before Entrepreneurs First and 4 companies where SGInnovate has invested before Entrepreneurs First.
Top Co-investors of Entrepreneurs First: 567 investors entered a company along with Entrepreneurs First. These include investors like SGInnovate (12 companies).
Invested after Entrepreneurs First: A total of 850 investors have invested in Entrepreneurs First's portfolio after their investments. Top Investors include LVX (9 companies) and SEEDS Capital (7 companies).