SignalFire, a San Francisco, CA-based tech-enabled early-stage venture capital firm, raised $900M+ in funding.
The additional capital for SignalFire’s Seed, Breakout, XIR, and Opportunities funds demonstrates investors’ confidence in the firm’s comprehensive value proposition. It brings the firm to over $1.8 billion in assets under management.
Led by Chris Farmer, founder and CEO, SignalFire is a venture capital firm harnessing data and artificial intelligence at scale to identify investments and support for the next generation of startups. Key sectors include AI/ML, developer tools, healthcare, and cybersecurity, with notable investments such as Frame.io, Grammarly, Flock Freight, Ro and Stampli. SignalFire focuses on leading seed rounds while opportunistically investing in Series A and B rounds.
The core of its value-add is Beacon, the AI engine which tracks over 495 million employees and 80 million companies to guide the fund’s investing and assist portfolio companies with scaling their teams and revenue. SignalFire also helps early-stage founders navigate the toughest parts of building a company at every stage, with expert advisors, 200 skill-building workshops a year, and an in-house team of recruiters, and data scientists.
SignalFire is also announcing the launch of its Executive-in-Residence (XIR) program, which pairs deeply experienced tech industry leaders from the firm’s Advisor Network with high-potential portfolio companies. Current XIRs collaborating with SignalFire include:
- Doug Merritt, CEO of Splunk ($SPLK)
- Frank Williams, co-founder and CEO of Evolent Health ($EVH)
- Tom Peterson, co-founder and COO of Evolent Health ($EVH)
- Alex Hooshmand, co-founder and CPO of Blue Kai (Acquired by $ORCL)
- David Klements, co-founder and CEO of Qualifacts (Acquired by Warburg Pincus)
- Jack Huffard, co-founder and president of Tenable ($TENB)
FinSMEs
16/02/2023