Right Now Just Might be the Best Time to Invest in Traveltech, Says NFX Founder
The NFX founder and managing partner spoke to CTech about what the coronavirus means for VCs and investors
“While most people think Covid-19 means you want to invest in remote work or avoid investing in travel, we look at things a bit differently,” said founder and managing partner of Silicon Valley-based venture capital firm NFX, Gigi Levy-Weiss.
While travel is going to change, there is going to be someone who realizes exactly how that will be and what that will look like, so NFX is not ignoring fields like traveltech, he said.
In May of 2019, NFX raised $275 million in commitments for its second fund. NFX's first fund closed in October 2017 with commitments of $175 million. The firm invests mostly in B2B and B2C seed companies across many industries—including fintech, bioinformatics, real estate-related tech, and games.
The interview with Levy-Weiss was conducted as part of Google and Calcalist’s Startup Week conference.