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Nat Friedman

North America, California, United States, San Francisco

Description

Nat Friedman is a highly influential entrepreneur, developer, and investor, renowned for his significant contributions to the software industry. As the co-founder of Xamarin, a mobile development platform acquired by Microsoft, and later as the CEO of GitHub, he has demonstrated a profound understanding of developer ecosystems and product-led growth. His investment philosophy is deeply rooted in his operational expertise, focusing primarily on companies building foundational technologies, developer tools, artificial intelligence, and open-source solutions. Friedman's unique perspective as a builder and operator makes him a highly sought-after angel investor and strategic partner for early-stage startups.

Beyond his personal angel investments, Friedman is a General Partner at Inovia Capital's Discovery Fund, a dedicated vehicle launched in 2023 with a substantial capital pool of $100 million. This fund specifically targets pre-seed and seed-stage companies that are leveraging AI to redefine industries or creating essential tools for developers. Through this fund, Friedman actively seeks out ambitious founders who are tackling complex technical challenges and have the potential for significant long-term impact. His involvement often extends beyond capital, providing invaluable mentorship and strategic guidance to portfolio companies.

As an active angel investor, Nat Friedman has amassed a diverse portfolio, participating in more than 100 investment rounds across various early-stage companies. His typical first check sizes for personal angel investments can range from $50,000 for highly promising pre-seed ventures to $250,000, reflecting his conviction in nascent ideas. When investing through the Inovia Capital Discovery Fund, the initial investment range expands significantly, often starting from $500,000 and potentially reaching up to $3,000,000 for leading or co-leading seed and Series A rounds. This broad range allows him to support companies at different stages of their early development.

Friedman's investment strategy is characterized by a long-term vision and a preference for technical founders who are deeply passionate about their products. He leverages his extensive network and experience in scaling technology companies to help his portfolio companies navigate critical growth phases. His commitment to fostering innovation in the developer and AI space positions him as a pivotal figure in the venture capital landscape, offering both financial backing and strategic partnership to the next generation of tech leaders.

Investor Profile

Nat Friedman has backed more than 101 startups, with 14 new investments in the last 12 months alone. The firm has led 19 rounds, about 19% of its total and boasts 6 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, France.
  • Strong thematic focus on Artificial Intelligence (AI), Software, Information Technology.
  • Led 2 rounds in the past year.
  • Typical check size: $50K – $3M.

Stage Focus

  • Seed (34%)
  • Series A (32%)
  • Series B (16%)
  • Pre Seed (8%)
  • Series Unknown (5%)
  • Series C (4%)
  • Series F (1%)
  • Secondary Market (1%)

Country Focus

  • United States (94%)
  • United Kingdom (1%)
  • France (1%)
  • India (1%)

Industry Focus

  • Artificial Intelligence (Ai)
  • Software
  • Information Technology
  • Machine Learning
  • Generative Ai
  • Developer Tools
  • Developer Apis
  • Enterprise Software
  • Productivity Tools
  • Software Engineering
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FAQ

Frequently Asked Questions

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

Who does Nat Friedman frequently co-invest with?

Sequoia Capital
North America, California, United States, Menlo Park
Co-Investments: 11
Spark Capital
North America, California, United States, San Francisco
Co-Investments: 5
Y Combinator
North America, California, United States, Mountain View
Co-Investments: 10
SV Angel
North America, California, United States, San Francisco
Co-Investments: 8
BoxGroup
North America, New York, United States, New York
Co-Investments: 6
Accel
North America, California, United States, Palo Alto
Co-Investments: 7
Octave
North America, California, United States, San Francisco
Co-Investments: 5
Andreessen Horowitz
North America, California, United States, Menlo Park
Co-Investments: 9
Coatue
North America, New York, United States, New York
Co-Investments: 6
Khosla Ventures
North America, California, United States, Menlo Park
Co-Investments: 7

Which angels does Nat Friedman often collaborate with?

GR
North America, California, United States, San Francisco
Shared Deals: 10
JC
North America, California, United States, San Francisco
Shared Deals: 18
DF
North America, California, United States, Penngrove
Shared Deals: 6
AF
North America, California, United States, San Francisco
Shared Deals: 5
AL
North America, California, United States
Shared Deals: 6
AM
North America, California, United States, San Francisco
Shared Deals: 5
PC
North America, California, United States, San Francisco
Shared Deals: 13
AD
North America, California, United States, Palo Alto
Shared Deals: 3
Daniel Gross
North America, California, United States, San Francisco
Shared Deals: 44
EG
North America, California, United States, San Francisco
Shared Deals: 26

What are some of recent deals done by Nat Friedman?

Julius AI

San Francisco, California, United States

Julius AI is an artificial intelligence platform that develops and analyzes data with computational AI.

AnalyticsArtificial Intelligence (AI)Data VisualizationInformation Technology
SeedJul 28, 2025
Amount Raised: $10,000,000
Artificial Intelligence Underwriting Company

San Francisco, California, United States

Artificial Intelligence Underwriting Company is a artificial intelligence platform for businesses.

Artificial Intelligence (AI)Information ServicesInformation Technology
SeedJul 23, 2025
Amount Raised: $15,000,000
XBOW

Seattle, Washington, United States

XBOW operates autonomously, carrying out commands and analyzing the results to achieve higher-level objectives.

ComputerNetwork Security
Series BJun 24, 2025
Amount Raised: $75,000,000
Antimetal

New York, New York, United States

For everything that happens after you deploy.

Artificial Intelligence (AI)Cloud InfrastructureCloud ManagementDeveloper Tools
Series AJun 12, 2025
Amount Raised: $20,000,000
Creatify AI

Mountain View, California, United States

Creatify AI generates UGC-style video ads using AI avatars from product links.

Artificial Intelligence (AI)Information TechnologyPaaSVideo
Series AMay 28, 2025
Amount Raised: $15,500,000
NewLimit

South San Francisco, California, United States

NewLimit is a biotech company developing epigenetic therapies to extend human healthspan by reprogramming aging cells.

BiotechnologyClinical TrialsHealth Care
Series BMay 6, 2025
Amount Raised: $130,000,000
Recraft

San Francisco, California, United States

Recraft is a generative AI design platform that enables designers to create and edit vector art, illustrations, icons, and 3D graphics.

ArtArtificial Intelligence (AI)Graphic DesignPhoto EditingProductivity Tools
Series BMay 5, 2025
Amount Raised: $30,000,000
Pulse

San Francisco, California, United States

Production-Grade Unstructured Document Extraction

Artificial Intelligence (AI)Data ManagementSoftware
SeedFeb 19, 2025
Amount Raised: $3,900,000
Strange Loop Labs

New York, New York, United States

Strange Loop Labs is an automation solutions company that specializes in custom AI models and unstructured data processing.

Artificial Intelligence (AI)Business Process Automation (BPA)Software
SeedJan 23, 2025
Amount Raised: $2,000,000
Basis

New York, New York, United States

Basis provides AI agents that automate accounting workflows for professionals.

AccountingArtificial Intelligence (AI)Information Technology
Series ADec 17, 2024
Amount Raised: $34,000,000