10 years ago

Entrepreneur First Raises £8.5 Million to Fund 'Pre-Team, Pre-Idea' Startups

  • Entrepreneur First (EF), a London-based startup accelerator, has raised an £8.5 million fund to expand its program, which invests in highly technical individuals before they have a team or a developed idea

  • EF provides these individuals with a stipend, pre-seed funding, office space, and mentorship to help them build their startups

  • Investors in the fund include Encore Capital, Infocomm Investments, and angel investors Robin Klein and Alex Chesterman

  • The fund will enable EF to scale its program to support 200 individuals per year, up from 30 in its first year.

      • ProblemTechnology

      "It's difficult to find and invest in ambitious, highly technical people who want to build startups, especially before they have a team or an idea."

      Solution

      "Entrepreneur First (EF) helps find these individuals, gives them resources and mentoring, and invests in them to help them build successful companies. They offer a monthly stipend, pre-seed funding, office space, legal and administrative support, and access to a network of mentors and entrepreneurs."

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