About The Entrepreneurs' Fund
The Entrepreneurs' Fund is a venture capital firm founded in 1989. It is primarily based out of San Mateo, United States. As of Jan 2022, The Entrepreneurs' Fund has invested in 38 companies. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Life Sciences. Most recently it participated in the $***** Series A round of Payflow Overall, The Entrepreneurs' Fund portfolio has seen 1 unicorn, 2 IPOs and 17 acquisitions including key companies like Genesys, Payflow and Avathon. A lot of funds co-invest with The Entrepreneurs' Fund, with names like Tom Chavez sharing a substantial percentage of its portfolio.Key Metrics
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 3 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
The Entrepreneurs' Fund's List of Top Investments
The Entrepreneurs' Fund has a portfolio of 38 companies, one of which is a Unicorn. Their most notable investments are in WayBlazer and SecretBuilders.Their portfolio spans across United States, Japan, Luxembourg and 2 more locations. They have invested in Enterprise Applications, High Tech, Life Sciences and 15 other sectors, across stages such as Series A, Seed and 3 more. Here is the list of top investments by The Entrepreneurs' Fund:
1. Genesys
Provider of cloud-based platform for customer experience and workforce engagement. The platform offers contact center software with intelligent automation and embedded artificial intelligence. It provides digital customer engagement across channels using humans and artificial intelligence-powered bots. The platform also features customer journey management to connect data and optimize experiences. It delivers workforce engagement management with built-in artificial intelligence.
Key facts about Genesys
- Founded Year: 1990
- Location: Menlo Park (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $2.98B
- Employee Count: 651 as on Feb 28, 2025
- Investors: TCV, Hellman & Friedman and 17 Others
- Latest Funding Round: Series E, Jul 31, 2025, $*****
- Highlight: Acquired
2. Payflow
Online financial services platform for on-demand pay and savings. The platform provides online loans for earned-wage loans. It allows users to request loans in advance through its platform and access part of their earned wages directly into the bank account. The loan repayments are deducted from the users' salary accounts. Its app is available for both Android and IOS devices.
Key facts about Payflow
3. Avathon
Provider of AI-enabled data analytics solutions for businesses. The company offers AI data platform for businesses, digital twin, AI modelling and application development solutions. It caters to energy, warehouse, government, defense, manufacturing, transport and retail.
Key facts about Avathon
- Founded Year: 2013
- Location: Pleasanton (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $300M
- Employee Count: 158 as on Aug 31, 2025
- Investors: Temasek, B. Riley Financial and 36 Others
- Latest Funding Round: Series D, Jan 25, 2022, $*****
- Highlight: Editors' Pick
4. RAPT
Rapt is a biopharmaceutical drug developer for oncology and inflammatory diseases based on immunology. It offers its proprietary drug discovery and development platform for small molecules to modulate the immune responses targeting CCR4 (C-C motif chemokine receptor 4). The lead drug candidate of the company is, FLX475 is in phase 1 of the clinical trial, RPT193 in the pre-clinical stage. The company also provides other targets including GCN2 (general control nonderepressible 2) and HPK1 (hematopoietic progenitor kinase 1) for the treatment of cancer.
Key facts about RAPT
- Founded Year: 2015
- Location: San Francisco (United States)
- Annual Revenue: $1.53M as on Dec 31, 2022
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $199M
- Employee Count: 141 as on Mar 31, 2026
- Investors: TriplePoint Capital, BVF Partners and 19 Others
- Latest Funding Round: Post IPO, Dec 23, 2024, $*****
- Highlight: Acquired
5. Welltok
Welltok provides a cloud-based employee wellness platform. The product is an employee wellbeing and analytics solution that collects data and analyzes to engage with consumers and reward them. The features of the product include a clinical database, machine-learning-based analytics, employee engagement, and more.
Key facts about Welltok
- Founded Year: 2009
- Location: Denver (United States)
- Stage: Acquired
- Total Funding till date: $312M
- Employee Count: 55 as on Mar 31, 2026
- Investors: Odenn Ventures, Flare Capital Partners and 30 Others
- Latest Funding Round: Series E, Apr 15, 2021, $*****
- Highlight: Acquired
The Entrepreneurs' Fund's Year-on-Year Investment Trends
The Entrepreneurs' Fund has invested in 38 companies over the last 27 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in Payflow and most recent follow-on round was in ConDati.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 1 | 0 | 1 |
2021 | 0 | 0 | 0 |
2020 | 1 | 0 | 1 |
2019 | 2 | 0 | 2 |
2018 | 3 | 1 | 4 |
2017 | 0 | 1 | 1 |
The Entrepreneurs' Fund's Investments by Stage
The Entrepreneurs' Fund has made 10 investments in Series A stage with an average round size of $7.33M, 8 investments in Seed stage with an average round size of $4.29M, 5 investments in Series B stage with an average round size of $16.1M, 2 investments in Series D stage with an average round size of $23M and 1 investment in Series C stage with an average round size of $15M.Stage of entry | No. of Investments |
|---|---|
Series A | 10 |
Seed | 8 |
Series B | 5 |
Series D | 2 |
Series C | 1 |
Note: We have considered here, only first round of investments
The Entrepreneurs' Fund's Investments by Sector
The Entrepreneurs' Fund has a diverse portfolio, with companies operating in the Enterprise Applications, Vertical SaaS, Enterprise Infrastructure, High Tech and Industrial Goods and Manufacturing. Notably, it has invested in 31 Tech companies, 28 Enterprise (B2B) companies, 25 Software companies and at least 16 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 20 |
Vertical SaaS | 5 |
Enterprise Infrastructure | 4 |
High Tech | 4 |
Industrial Goods and Manufacturing | 3 |
Others | 21 |
Note: We have considered here, only first round of investments
The Entrepreneurs' Fund's Investments by Geography
The Entrepreneurs' Fund has made most investments in United States (23), followed by Luxembourg where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 23 |
Luxembourg | 1 |
Spain | 1 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
The Entrepreneurs' Fund's recent investments
The Entrepreneurs' Fund has not made any investment in 2026 so far.Here are the most recent investments by The Entrepreneurs' Fund:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 17, 2022 | Spain | Series A | 6588 | [+10] | |
Sep 08, 2020 | United States | Seed | 8401 | [+3] | |
Jun 06, 2019 | United Kingdom | Series A | 2882 | [+3] | |
Feb 26, 2019 | United States | Seed | 3059 | [+1] | |
Oct 16, 2018 | United States | Seed | 5547 | [+1] |
Unicorns in The Entrepreneurs' Fund's Portfolio
The Entrepreneurs' Fund has 1 unicorn in its portfolio - Avathon. The most recent unicorn in their portfolio is Avathon which became a unicorn in 2022, 5 years after The Entrepreneurs' Fund first invested in it.Here is a list of unicorns in The Entrepreneurs' Fund's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
63 | Provider of AI-enabled data analytics solutions for businesses | 2013 | Pleasanton | Series D | lvbkdyo |
IPOs and Publicly Listed companies in The Entrepreneurs' Fund's Portfolio
2 of The Entrepreneurs' Fund's portfolio companies have become public. AvantGo got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Feb 2016 and Pilot Network Services got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $192M.Here are The Entrepreneurs' Fund's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 05, 2016 | - | - | 2430 | |
Aug 11, 1998 | - | - | 5778 |
Acquired companies in The Entrepreneurs' Fund's Portfolio
17 companies from The Entrepreneurs' Fund's portfolio have been acquired. The most recent acquisition was RAPT in Jan 2026 by GSK for $*****.Here are The Entrepreneurs' Fund's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 20, 2026 | - | - | 5403 | |
Dec 09, 2022 | Oct 22, 2014 | Seed | 1642 | |
Mar 01, 2022 | Jan 17, 2022 | Series A | 4991 | |
Nov 10, 2021 | - | - | 3545 | |
May 17, 2021 | Jan 09, 2003 | Series D | 6228 |
Co-investors of The Entrepreneurs' Fund
Over the past 27 years, 162 investors have co-invested in The Entrepreneurs' Fund's portfolio companies. This includes funds and angels.
- Invested before The Entrepreneurs' Fund: Wayra, Y Combinator and 34 others have invested in rounds before The Entrepreneurs' Fund. There is 1 company where Wayra has invested before The Entrepreneurs' Fund and 1 company where Y Combinator has invested before The Entrepreneurs' Fund.
- Top Co-investors of The Entrepreneurs' Fund: 63 investors entered a company along with The Entrepreneurs' Fund. These include investors like Tom Chavez (2 companies).
- Invested after The Entrepreneurs' Fund: A total of 63 investors have invested in The Entrepreneurs' Fund's portfolio after their investments. Top Investors include Mango (1 company), 6 Degrees Capital (1 company) and Thomson Reuters Ventures (1 company).
Recent News related to The Entrepreneurs' Fund
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Payflow closes EUR8m funding roundPrivate Equity Wire•Jan 17, 2022•Payflow, Seaya Ventures, Glovo, Cabify and 5 others
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ShiftOne App Reduces Restaurant Turnover Probability by 50%, Raises $2.6 Million Seed Follow OnPR Newswire•Feb 26, 2019•ShiftOne, Presto, The Entrepreneurs' Fund, Bowery Capital and 8 others
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TruValue Labs Closes $13.6M in Series AMassinvestor•May 14, 2018•TruValue Labs, Katalyst Ventures, Hearst, The Entrepreneurs' Fund and 5 others
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Award-Winning Data Science Startup conDati Completes $4.75M A RoundPR Newswire•May 09, 2018•ConDati, The Entrepreneurs' Fund
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conDati Emerges from Stealth, Announces $2.5M Series A FinancingPR Newswire•Dec 20, 2017•ConDati, The Entrepreneurs' Fund
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MomentSnap Raises $2.3M in Seed FundingFinSMEs•Mar 18, 2017•MomentSnap, Bowery Capital, The Entrepreneurs' Fund
