They are the founders of LinkedIn and the payment giant Stripe are among a set of tech-savvy entrepreneurs who will invest $158 million in a investment round by investors who are scaling up Entrepreneur First, the firm announced today.
The London-based Entrepreneur First (EF), which aims to support and nurture the early stage tech founders It has raised fresh money by Stripe founders John as well as Patrick Collison alongside a host of prominent backers like co-founders of Wise, Taavet Hinrikus, and Reid Hoffman, a co-founder of LinkedIn.
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EF executives said today that the new funding will help to boost”the “next generation” early stage tech talent.
In 2011, EF was founded in 2011 by Matt Clifford and Alice Bentinck in London, EF now employs 120 employees across the globe. It is a early stage investor that helps entrepreneurs find co-founders they can partner with prior to launching their own companies.
The co-founder and CEO of LinkedIn Reid Hoffman said the fund would assist entrepreneurs “build iconic companies from scratch.”