FJ Labs logo

FJ Labs

North America, New York, United States, New York

Description

FJ Labs is a prominent New York-based venture capital firm co-founded by seasoned entrepreneurs Fabrice Grinda and Jose Marin. The firm distinguishes itself through its stage-agnostic investment approach, primarily targeting marketplace and consumer-facing startups. Leveraging their extensive operational experience, Grinda and Marin, who have built and exited multiple companies themselves (e.g., Grinda co-founded Aucland and OLX), bring a unique founder-centric perspective to their investment decisions. This deep understanding of entrepreneurial challenges and growth strategies underpins their value proposition to portfolio companies.

The firm's investment strategy is highly flexible, accommodating companies from the earliest seed stages through to growth rounds. FJ Labs typically deploys initial checks ranging from $50,000 for nascent ventures to over $5,000,000 for more mature, scaling businesses. Beyond capital, FJ Labs is known for its hands-on involvement, providing strategic guidance, operational support, and access to a vast network of industry contacts. Their portfolio spans a diverse array of sectors within the marketplace and consumer tech landscape, reflecting their broad expertise and global reach.

With a robust track record, FJ Labs has built an impressive portfolio that includes investments in over 700 companies worldwide, many of which have achieved significant scale and successful exits. Notable investments include stakes in companies like Alibaba, Coupang, Delivery Hero, and The RealReal, underscoring their ability to identify and back future market leaders. The firm continues to actively invest, having recently raised FJ Labs IV, a $200 million fund in 2021, further solidifying its capacity to support ambitious entrepreneurs globally. Their consistent focus on disruptive marketplace models and consumer innovation positions them as a key player in the venture capital ecosystem.

Investor Profile

FJ Labs has backed more than 1,564 startups, with 156 new investments in the last 12 months alone. The firm has led 54 rounds, about 3% of its total and boasts 95 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series B rounds (top funding stages).
  • Majority of deals are located in United States, United Kingdom, Brazil.
  • Strong thematic focus on E-Commerce, Software, Financial Services.
  • Led 2 rounds in the past year.
  • Typical check size: $50K – $5M.

Stage Focus

  • Seed (34%)
  • Series A (24%)
  • Series B (11%)
  • Pre Seed (11%)
  • Series Unknown (6%)
  • Convertible Note (5%)
  • Series C (4%)
  • Series D (1%)
  • Secondary Market (1%)
  • Series E (1%)

Country Focus

  • United States (50%)
  • United Kingdom (7%)
  • Brazil (6%)
  • France (5%)
  • Canada (4%)
  • Germany (4%)
  • Spain (4%)
  • Mexico (3%)
  • Colombia (2%)
  • India (2%)

Industry Focus

  • E-commerce
  • Software
  • Financial Services
  • Fintech
  • Marketplace
  • Information Technology
  • Internet
  • Saas
  • Health Care
  • Mobile Apps
circle-line
FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does FJ Labs frequently co-invest with?

All Iron Ventures
Europe, Pais Vasco, Spain, Bilbao
Co-Investments: 20
General Catalyst
North America, Massachusetts, United States, Cambridge
Co-Investments: 24
Karman Ventures (fka Moving Capital)
North America, California, United States, Santa Monica
Co-Investments: 20
DN Capital
North America, California, United States, Menlo Park
Co-Investments: 24
Y Combinator
North America, California, United States, Mountain View
Co-Investments: 36
SV Angel
North America, California, United States, San Francisco
Co-Investments: 20
Pareto Holdings
North America, Florida, United States, Miami
Co-Investments: 40
Global Founders Capital
Europe, Berlin, Germany, Berlin
Co-Investments: 37
Tiger Global Management
North America, New York, United States, New York
Co-Investments: 23
Alumni Ventures
North America, New Hampshire, United States, Manchester
Co-Investments: 29

Which angels does FJ Labs often collaborate with?

Güimar Vaca Sittic
North America, New York, United States, New York
Shared Deals: 26
Daniel Curran
North America, California, United States, Santa Monica
Shared Deals: 17
JM
North America, United States
Shared Deals: 6
EL
North America, Florida, United States, Miami Beach
Shared Deals: 43
FG
North America, New York, United States, New York
Shared Deals: 96
JM
Europe, Madrid, Spain, Madrid
Shared Deals: 36
FR
Europe, Madrid, Spain, Madrid
Shared Deals: 6
CE
Europe, Berlin, Germany, Berlin
Shared Deals: 7
NB
North America, Florida, United States, Miami
Shared Deals: 18
JO
North America, Florida, United States, Miami
Shared Deals: 9

What are some of recent deals done by FJ Labs?

Juo

Wroclaw, Dolnoslaskie, Poland

Juo builds the future of subscription technology.

Information ServicesMachine LearningSoftware
SeedNov 25, 2025
Amount Raised: $4,605,175
AACI Group

Concord, California, United States

AACI Group is an insurtech company offering risk management and protection systems focused on climate and catastrophe risks.

InsuranceInsurTechProperty Insurance
Pre SeedNov 17, 2025
Muse Software

Miami, Florida, United States

Muse Software operates as an operations management platform.

Artificial Intelligence (AI)Business IntelligenceSoftware
SeedNov 12, 2025
Amount Raised: $4,500,000
KitchenMate

Toronto, Ontario, Canada

KitchenMate provides premium food vending and micro-market service to offices, commercial buildings, schools, and hospitals in Toronto.

Consumer ElectronicsFood and BeverageInternet of Things
Convertible NoteNov 7, 2025
Downstream

Dallas, Texas, United States

Downstream is a marketplace simplifying the waste management buying process for commercial customers

ConstructionLogisticsMarketplaceRecyclingWaste Management
Series ANov 3, 2025
Amount Raised: $8,000,000
Marble Health

New York, New York, United States

Marble Health provides access to personalized therapy to help teens in their mental health journey.

Health CareMental HealthWellness
Series AOct 14, 2025
Amount Raised: $15,500,000
Yendo

Dallas, Texas, United States

Yendo issues credit cards secured by customer vehicle equity for lending.

Artificial Intelligence (AI)Consumer LendingCredit CardsFinancial ServicesFinTech
Series BOct 9, 2025
Amount Raised: $50,000,000
Lastro

São Paulo, Sao Paulo, Brazil

AI platform for real estate agencies

Artificial Intelligence (AI)FinTechReal EstateSaaSSoftware
Series ASep 30, 2025
Amount Raised: $15,995,484
Alvys

Solana Beach, California, United States

Alvys provides a cloud-based transportation management system (TMS) designed for trucking and logistics companies.

Business Process Automation (BPA)Fleet ManagementLogisticsSoftwareSupply Chain Management
Series BSep 29, 2025
Amount Raised: $40,000,000
Vocca

Paris, Ile-de-France, France

Vocca provides AI powered voice agents for healthcare centers to handle calls, bookings, and reminders, improving the patient experience.

Artificial Intelligence (AI)Health CareSales Automation
SeedSep 25, 2025
Amount Raised: $5,500,000