Xfund, a Cambridge, MA- and Silicon Valley-based early-stage venture capital firm dedicated to finding and supporting entrepreneurs with a liberal arts mindset, closed its second fund, at $100m.
Founded in 2011 as a partnership between venture capital firms New Enterprise Associates (NEA), Breyer Capital, Accel Partners, and Polaris Partners and Harvard University, Xfund invests in all sectors. Portfolio companies include Kensho, Ravel, Philo, Zumper and Rest Devices as well as specialized growth accelerators Rock Health and Work-Bench.
Co-founder Patrick S. Chung, most recently a partner at NEA who led the firm’s consumer and seed investing practices, has joined Xfund full-time as General Partner. He will be based out of the firm’s new Sand Hill Road office and joined his co-founding General Partner Hugo Van Vuuren, who leads the firm’s Cambridge office.
The investment advisory board of Xfund includes:
Harry Weller, General Partner at NEA;
Jim Breyer, Founder/CEO of Breyer Capital;
Ping Li, Partner at Accel Partners; and
Peter Morris, Founder/Managing Partner of Morris Investments.
Cherry Murray, Dean of Harvard’s School of Engineering and Applied Sciences;
Professor Harry Lewis;
Professor Doug Melton;
Professor David Edwards;
Gordon Jones, Director of the Harvard Innovation Lab;
Ryley Reynolds (ex officio),
President Harvard Student Agencies; and
Perry Hewitt, Harvard’s Chief Digital Officer.