# NFDG Ventures

> NFDG Ventures is a VC fund backing Artificial Intelligence. See 42 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: San Francisco, United States
- Total investments: 42
- Last investment: Jun 2026
- Lead investor: 21%
- Last updated: Aug 2026
- Website: https://nfdg.com

NFDG Ventures is a venture capital firm of Nat Friedman and Daniel Gross.

## Contacts

5 contacts available for NFDG Ventures. Shizune tracks 4 team members at NFDG Ventures. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/nfdg-ventures?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Artificial Intelligence | 12 | 29% |
| Information Technology | 6 | 14% |
| Software | 5 | 12% |
| Machine Learning | 3 | 7% |
| SaaS | 2 | 5% |

32 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 8 | 19% |
| Series B | 8 | 19% |
| Seed | 7 | 17% |
| Series C | 4 | 10% |
| Series D | 2 | 5% |

7 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 18 | 43% |
| United Kingdom | 1 | 2% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Leonard Bogdonoff | Investor | 1 | https://shizune.co/investors/profile/leonard-bogdonoff |
| Nat Friedman | Founder and Managing Partner | 120 | https://shizune.co/investors/profile/nat-friedman-5a2d |
| Nat Friedman | Founder and Managing Partner | 148 | https://shizune.co/investors/profile/nat-friedman |
| Nat Friedman | Founder and Managing Partner | 110 | https://shizune.co/investors/profile/knut-friedman |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Generalist AI | Generalist AI is a robotics firm formed by a senior researcher who left Google to investigate robotics and artificial intelligence (AI) at Google Deepmind. | $400M | Series B | Jun 04, 2026 |  |
| Westmag | Westmag is dedicated to growing and expanding in the United States to cater to the worldwide market, and it designs and produces its goods in South San Francisco. Westmag is increasing manufacturing to provide millions of motors and actuators to top robot and drone firms. | $11M | Seed | Jun 02, 2026 |  |
| Granola | AI note-taking solution | $125M | Series C | Mar 25, 2026 |  |
| Granola | AI note-taking solution | $125M | Series C | Mar 25, 2026 |  |
| Granola | AI note-taking solution | $125M | Series C | Mar 25, 2026 |  |
| XBOW | XBOW operates autonomously, carrying out commands and analyzing the results to achieve higher-level objectives. | $120M | Series C | Mar 18, 2026 |  |
| Juicebox | Juicebox provides an AI platform that automates talent search, candidate engagement, and recruiting workflows. The platform features AI agents that source profiles from various data and run automated, personalized outreach sequences. It offers tools for talent discovery, real-time market insights, and integration with existing CRM and ATS systems. | $80M | Series B | Mar 10, 2026 |  |
| Basis | Basis operates as an AI platform built specifically for accounting firms. | $100M | Series B | Feb 24, 2026 |  |
| MatX | MatX, a manufacturer of computer chips, is dedicated to constructing a computing platform for artificial general intelligence (AGI). Their specialty lies in creating hardware that combines profound domain experience tailored for large language models, graphics processing units, and various machine-learning models. By doing so, MatX aims to empowerdevelopers and programmers to enhance the efficiency, speed, and affordability of AI applications. | $500M | Series B | Feb 24, 2026 |  |
| ElevenLabs | Research Lab. Exploring new frontiers of voice generation. We are researching and deploying novel methods in voice AI to make content enjoyable in any language and voice to benefit new audiences and viewers. Our mission is to make content universally accessible in any language & voice. | $550M | Series D | Feb 04, 2026 |  |

10 of 42 investments shown.

## Co-investors
- [Sequoia Capital](https://shizune.co/investors/profile/sequoia-capital) — VC Fund, 29 deals together
- [Lightspeed Venture Partners](https://shizune.co/investors/profile/lightspeed-venture-partners) — VC Fund, 12 deals together
- [Spark Capital](https://shizune.co/investors/profile/spark-capital) — VC Fund, 11 deals together
- [Andreessen Horowitz](https://shizune.co/investors/profile/andreessen-horowitz) — VC Fund, 10 deals together
- [Hanabi Capital](https://shizune.co/investors/profile/hanabi-capital) — VC Fund, 10 deals together
- [Kleiner Perkins](https://shizune.co/investors/profile/kleiner-perkins-caufield-byers) — VC Fund, 9 deals together

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- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — VC Fund

## FAQ

### What does NFDG Ventures invest in?

NFDG Ventures invests primarily in Artificial Intelligence, Information Technology and Software startups, most often at Series A and Series B stage. Most of the 42 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact NFDG Ventures?

Public channels for NFDG Ventures include the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at NFDG Ventures?

The team at NFDG Ventures includes Leonard Bogdonoff (Investor), Nat Friedman (Founder and Managing Partner) and Nat Friedman (Founder and Managing Partner). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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