The Entrepreneurs' Fund

The Entrepreneurs' Fund, specifically its fourth iteration, The Entrepreneurs' Fund IV (TEF4), is a Silicon Valley-based early-stage venture capital firm operating out of San Mateo, California. The firm is singularly focused on investing in cloud-based business-to-business (B2B) software companies. This specialization allows them to leverage deep industry expertise and networks within the enterprise technology landscape. Their investment thesis centers on identifying disruptive technologies and innovative solutions that address critical needs within the B2B sector, spanning areas such as data infrastructure, cybersecurity, DevOps, and the future of work.

TEF4 primarily targets companies at the Seed and Series A stages of their development. This early-stage focus indicates a preference for partnering with founders at the foundational moments of their ventures, providing not just capital but also strategic guidance and operational support. The fund seeks out companies with strong technical teams, compelling product-market fit, and significant growth potential within the rapidly evolving cloud software ecosystem. Their hands-on approach aims to help portfolio companies navigate the challenges of early growth, scale their operations, and achieve market leadership.

The Entrepreneurs' Fund has a history of raising dedicated capital for its investment activities. The Entrepreneurs' Fund IV successfully closed in 2019 with a total capital commitment of $100 million, building upon the success of its predecessor, TEF3, which closed with $75 million in 2015. When it comes to initial investments, TEF4 typically deploys first cheques ranging from $1 million to $5 million. This range positions them to lead or co-lead Seed and smaller Series A rounds, providing substantial early capital to promising B2B SaaS startups. Their investment strategy is designed to support companies through their initial growth phases, with potential for follow-on investments in subsequent rounds.