Founders of Stripe and other big names give $158m to Entrepreneur FirstLeigh Mc Gowranon June 29, 2022 at 13:51 Silicon RepublicSilicon Republic

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London-based scaleup investor Entrepreneur First has raised $158m in a Series C funding round, with participation from some of the world’s biggest tech founders.

The funding round included participation from Stripe co-founders Patrick and John Collison. A wave of co-founders from leading tech companies participated including Taavet Hinrikus of Wise, Reid Hoffman of LinkedIn, Matt Mullenweg of WordPress, Tom Blomfield of Monzo, Matt Robinson of Nested and many others

“It feels right that this round of funding comes from the most successful technology founders of today,” Entrepreneur First CEO Matt Clifford said. “Their support will build their counterparts of tomorrow.”

The list of investors behind the fresh funding round includes long-standing institutional backers such as Transpose Platform, Vitruvian Partners, Encore Capital and Isomer Capital.

Founded in 2011, Entrepreneur First describes itself as “the best place in the world to meet your co-founder”. The company said the best companies come from co-founding partnerships, but that finding the right person can be hugely challenging.

Entrepreneur First said it works to bring people together from all walks of life who have “huge founder potential” to help meet their co-founders, while giving them access to leading advisors in its three-month long programme.

The company currently has 120 employees with offices in London, Toronto, Paris, Berlin, Bangalore and Singapore.

The company’s portfolio is now more than 500 companies, which together have just exceeded $10bn in valuation. These companies include computer vision unicorn Tractable, employment platform Omnipresent and advertising infrastructure platform Permutive.

“We built a way for the world’s most talented people, from all walks of life, to come together to find co-founders and build from scratch,” Clifford said. “Now, that fix has introduced co-founders who wouldn’t have otherwise met, to build companies that wouldn’t have been built.

Entrepreneur First said it aims to see the value of companies built from its platform cross $100bn and beyond in the years to come, thanks to the latest wave of capital and supporters.

“What we do may no longer seem crazy, as it did 10 years ago,” Clifford said. “But we’re just as committed to keep innovating to serve entrepreneurs better – and be the best place in the world to find a co-founder.”

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