NFDG
NFDG is a Pre-seed, Seed, Series A and Series C+ fund in the US and United Kingdom writing $500K–$100M checks into AI, Developer Tools, Enterprise, web3 and deep-tech.
- Stages
- Pre-seed, Seed, Series A, Series C+
- Sectors
- AI, Developer Tools, Enterprise, web3, deep-tech
- Check size
- $500K–$100M
- Invests in
- US-wide, United Kingdom
- Round role
- Leads rounds
- Actively investing
- Yes
- Founded
- 2023
- Assets under management
- $1.1B
- Website
- nfdg.com
Thesis
The firm's investment thesis focuses on companies shaping the future of the internet, particularly in AI, developer tools, enterprise applications, web3, and deep tech. NFDG partners with founders from pre-seed to growth stages, employing a concentrated portfolio strategy with high-conviction investments. They are known to lead rounds, investing between $1 million and $50 million per deal, with some indications of a $500,000 minimum and up to $100 million maximum investment. The firm primarily invests in the United States and the United Kingdom. In a significant development in mid-2025, Meta Platforms acquired up to 49% of NFDG's funds, providing liquidity and a reported 4x return, with Friedman and Gross joining Meta.
Common questions
Does NFDG invest at the Pre-seed stage?
Yes. NFDG lists Pre-seed, Seed, Series A and Series C+ among the stages it invests in.
What check size does NFDG write?
NFDG writes $500K–$100M checks.
Where does NFDG invest?
NFDG invests in the US and United Kingdom.