Photo via KPMG Tech Growth
Entrepreneur First, a London-based tech startup incubator, is starting on expansion hot on the heels of receiving millions in new funding, including backing from Reid Hoffman, the founder of LinkedIn.
Instead of being a traditional accelerator or incubator, EF hot-houses startups, bringing entrepreneurs together to come up with some ideas for new businesses. They are currently in Singapore and the United Kingdom but are now about to set up shop in Berlin.
EF are also one of the investors of the companies and has produced an AI startup which was bought by Twitter called Magic Pony, and a chatbot for managing finances which has landed cash from Niklas Zennstrom, the Skype billionaire, called Cleo.
“As I’ve said before, EF’s mission is a global one: the world is missing out on some of its best founders,” stated Matt Clifford, its co-founder, citing the “thriving startup ecosystem” of the German city.
“We want to EF to be accessible to every ambitious individual in the world – and we can’t think of anywhere better than Berlin to bring this closer to reality.”
Zefi Hennessy Holland, an entrepreneur and startup adviser who improved through EF with Kivo, his startup, will head the new operations. Its base in London will become the host for Europe demo days that feature startups from both countries.
Clifford said that the new venture would become a “prototype for how EF scales globally.”