At a Glance
FJ Labs is a prolific venture capital firm founded in 2015 by Fabrice Grinda, the co-founder of OLX, and Jose Marin. Based in New York, the firm has become one of the most active early-stage investors globally, with a laser focus on marketplace and network effect businesses. The firm's thesis is rooted in Grinda's extensive experience building and scaling OLX into one of the world's largest classified marketplaces. FJ Labs takes a data-driven approach to investing, making decisions quickly based on their deep understanding of marketplace dynamics and unit economics. They invest across all sectors and geographies, from food delivery platforms like Rappi to luxury resale marketplaces like Rebag. The firm is known for writing smaller checks but making a high volume of investments, typically participating in pre-seed, seed, and Series A rounds. Their portfolio spans over 800 companies across more than 50 countries, making them one of the most globally diversified VC firms focused on marketplaces.
“Backs marketplace and platform founders globally, leveraging deep marketplace operating expertise from founding OLX and other platforms.”
FJ Labs primarily invests at the Pre-Seed, Seed, Series A stages. This means they focus on companies that are at the earliest idea or prototype phase.
FJ Labs is headquartered in New York, NY. Many of their portfolio companies are also based in this region, though they invest across geographies.
FJ Labs focuses on investments in Marketplace, Consumer, Fintech, Enterprise. Their portfolio reflects deep expertise and networks within these sectors.
FJ Labs's typical investment check size ranges from $250K to $5M. Actual amounts may vary based on the stage, sector, and specific opportunity.
FJ Labs manages approximately $1B in assets under management (AUM) across their funds.