About Entrepreneurs First
Entrepreneurs First, an accelerator and incubator program founded in 2011, is based in London, United Kingdom. With a presence in 22 countries, it has supported around 681 startups in sectors like Enterprise Applications, High Tech. As of Aug 2026, Entrepreneurs First has 1 unicorn under its belt and has witnessed 59 portfolio exits. Most notable companies in
its portfolio include Cleo, Aztec and Ai Palette. The program is backed by a team of 72 people who primarily support Seed startups based in United Kingdom. Its latest investment was a $8.7M Seed round in Peripheral Labs on Aug 17, 2026, which also saw participation from Deloitte and Inovia Capital.
Key Metrics
Founded Year
2011
Location
London, United Kingdom
Sectors of Investment
Stages of Investment
Seed, Series A & 4 more
Locations of Investment
Unicorn in Portfolio
Entrepreneurs First's List of Top Investments
Entrepreneurs First has a portfolio of 681 companies, one of which is a Unicorn. Their most notable investments are in Lumenora and IVF.Their portfolio spans across United Kingdom, Singapore, United States and 19 more locations. They have invested in Enterprise Applications, High Tech, HealthTech and 35 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
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $175M
- Employee Count: 702 as on Jul 31, 2026
- Investors: TriplePoint Capital, EQT and 54 Others
- Latest Funding Round: Series C, Apr 13, 2022, $*****
- Highlight: Editors' Pick

2. 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: 87 as on Jul 31, 2026
- Investors: Fenbushi Capital, Blockchain Coinvestors and 28 Others
- Latest Funding Round: Series B, Dec 13, 2022, $*****
- Highlight: Editors' Pick
3. Ai Palette
AI-powered platform for CPG innovation, trend discovery, and product development. It is a SaaS platform that helps consumer packaged goods brands discover emerging trends in real-time, create new product concepts, and virtually validate them. The platform offers solutions for marketing, R&D innovation, and consumer insights, catering to various industries like flavor and fragrance houses, and ingredient companies. It provides tools like Foresight Engine, Concept Genie, Screen Winner, FoodGPT, and Brand SAY to monitor brand equity and accelerate innovation. The platform uses artificial intelligence and machine learning to provide data-driven insights for faster, cost-effective brand discovery, launch, and growth. It helps in innovation, renovation, and optimizing product portfolios. The platform offers resources like blogs, reports, webinars, and case studies. It is a cloud based platform that offers subscription based services.
Key facts about Ai Palette
- Founded Year: 2018
- Location: Singapore (Singapore)
- Annual Revenue: SGD 1M - 10M as on Dec 31, 2024
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $12.7M
- Employee Count: 66 as on Jul 31, 2026
- Investors: Innoven Capital, Exfinity Venture Partners and 10 Others
- Latest Funding Round: Series A, Jun 24, 2024, $*****
- Highlight: Acquired
4. 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, 2024
- Stage: Series C
- Total Funding till date: $116M
- Employee Count: 108 as on Jul 31, 2026
- Investors: Kreos Capital, EQT and 13 Others
- Latest Funding Round: Series C, Oct 25, 2021, $*****
- Highlight: Editors' Pick

5. 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, 2025
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $206M
- Employee Count: 375 as on Jul 31, 2026
- Investors: Georgian, Sands Capital and 16 Others
- Latest Funding Round: Seed, Jun 12, 2026, $*****
- Highlight: Editors' Pick
Entrepreneurs First's Year-on-Year Investment Trends
Entrepreneurs First has invested in 681 companies over the last 13 years, with an average of 26 new investments annually in the last 10 years. In 2025, it made 20 investments, while as of Aug 2026, it has made 18 investments in this year. Its most recent first time investment was in Juno Bio and most recent follow-on round was in Peripheral Labs.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 14 | 4 | 18 |
2025 | 15 | 5 | 20 |
2024 | 10 | 5 | 15 |
2023 | 18 | 8 | 26 |
2022 | 32 | 15 | 47 |
2021 | 43 | 11 | 54 |
2020 | 34 | 8 | 42 |
2019 | 48 | 8 | 56 |
2018 | 20 | 3 | 23 |
2017 | 21 | 5 | 26 |
Entrepreneurs First's Investments by Stage
Entrepreneurs First has made 251 investments in Seed stage with an average round size of $2.03M, 24 investments in Series A stage with an average round size of $22.6M and 3 investments in Series B stage with an average round size of $31.2M.Stage of entry | No. of Investments |
|---|---|
Seed | 251 |
Series A | 24 |
Series B | 3 |
Conventional Debt | 1 |
Series C | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Entrepreneurs First's Investments by Sector
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 615 Tech companies, 543 Enterprise (B2B) companies, 438 Software companies and at least 240 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 165 |
High Tech | 98 |
Vertical SaaS | 46 |
FinTech | 44 |
Consumer | 36 |
Others | 373 |
Note: We have considered here, only first round of investments
Entrepreneurs First's Investments by Geography
Entrepreneurs First has made most investments in United Kingdom (107), followed by Singapore where it has made 61 investments.Country | No. of Investments |
|---|---|
United Kingdom | 107 |
Singapore | 61 |
India | 40 |
United States | 23 |
France | 22 |
Others | 34 |
Note: We have considered here, only first round of investments
Entrepreneurs First's recent investments
Entrepreneurs First has made 18 investments in 2026 so far. Peripheral Labs and Juno Bio are the latest among them.Here are the most recent investments by Entrepreneurs First:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 17, 2026 | Canada | Seed | 1435 | [+2] | |
Jul 16, 2026 | United Kingdom | Series A | 9731 | [+2] | |
Jul 16, 2026 | United States | Seed | 5973 | [+4] | |
Jun 10, 2026 | - | Seed | 3572 | [+6] | |
May 26, 2026 | United States | Seed | 5376 | [+2] |
Unicorns in Entrepreneurs First's Portfolio
Entrepreneurs First has 1 unicorn in its portfolio - Tractable. The most recent unicorn in their portfolio is Tractable which became a unicorn in 2021, 5 years after Entrepreneurs First first invested in it.Here is a list of unicorns in Entrepreneurs First's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
58 | Developer of artificial intelligence software for automated vehicle damage assessment | 2014 | London | Series E | jtqsivb |
Acquired companies in Entrepreneurs First's Portfolio
59 companies from Entrepreneurs First's portfolio have been acquired. The most recent acquisition was Goodwill in Aug 2026 by StashAway for $*****.Here are Entrepreneurs First's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 26, 2026 | - | - | 8374 | |
Jul 29, 2026 | Dec 03, 2024 | Seed | 1350 | |
Jun 12, 2026 | - | - | 2002 | |
Jan 07, 2026 | Jul 23, 2020 | Seed | 1915 | |
Jan 06, 2026 | - | - | 8113 |
Team profile of Entrepreneurs First
Entrepreneurs First has a team of 72 members including 9 Partners, 9 Venture Partners and 14 Principals located in United Kingdom, India and 6 more locations. Entrepreneurs First's team sits on the board of 3 companies.Here is a list of top team members in Entrepreneurs First:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | San Francisco | |||
Partner | London | - | - | |
Partner | - | |||
Partner | United Kingdom | - | ||
Partner | Singapore | - | ||
Partner | London | - | - | |
Partner | United Kingdom | - | ||
Partner | Chennai | - | ||
Partner | London | - | ||
Partner | Singapore | - |
Co-investors of Entrepreneurs First
Over the past 13 years, 1464 investors have co-invested in Entrepreneurs First's portfolio companies. This includes funds and angels.
- Invested before Entrepreneurs First: HAX, SGInnovate and 65 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: 557 investors entered a company along with Entrepreneurs First. These include investors like SGInnovate (12 companies).
- Invested after Entrepreneurs First: A total of 840 investors have invested in Entrepreneurs First's portfolio after their investments. Top Investors include LetsVenture (9 companies) and SEEDS Capital (7 companies).
Recent News related to Entrepreneurs First
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