Agency / Department: NFX
Resource: Fast Seed Funding
Details: With most VCs pulling back during COVID-19, capital is drying up for Founders just when they need it most. So we’re leaning in to invest more, and we’ve moved up the launch of our FAST Seed initiative. Founders can apply for a $1-2M seed round for 15%, and receive a commitment in 9 days or less. We’ve allocated $20M for this initiative to start. It’s a rolling review process and each company will be evaluated separately. The sooner founders apply, the sooner they receive funding. The first window for NFX to make FAST investments will be between April 14 and May 22.