Entrepreneur First, the ‘talent investor,’ to launch in Toronto, Canada early next year
Entrepreneur First (EF), the London-headquartered “talent investor” that recruits and backs individuals pre-team and pre-idea to enable them to found startups, has announced its plans to expand to Canada.
It marks the first time EF has entered North America. Along with London, EF currently operates in Berlin, Paris, Singapore, Hong Kong and Bangalore.
The new Canadian outpost, due to launch in early 2020, will be in Toronto and follows EF’s $115 million first closing of a new fund in February.
At the time of the fund announcement, the talent investor/company builder said it would use the capital to continue scaling globally — specifically, enabling it to back more than 2,200 individuals who join its various programs over the next three years.
This, we were told, should amount to around 300-plus venture-backed companies being created, three times the number of startups EF has helped create since being founded by McKinsey colleagues Matt Clifford and Alice Bentinck all the way back in 2011. Clearly, setting up shop in Toronto is part of the plan to achieve this.
Often — mistakingly — described as an accelerator, EF stands out from the many other startup programmes because of the way it backs individuals “pre-team,
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