It was a very busy Q1 2026 for many companies in the @NFX portfolio 🚀 Across AI infrastructure, space, security, tech bio, fintech, and consumer — we’ve seen a wave of financings + M&A from companies where we led the seed (often as the first institutional investor). Over $1.25B in announced follow-on capital so far in 2026 for NFX cos. This is core to how we operate at @NFX: - We lead seed rounds — often before there’s consensus. - We back founders at day zero. - We help shape deep defensibility from the very beginning. And we support companies through breakout scale. Different sectors — same pattern: - Exceptional founders - Massive markets - Network-driven advantage Snapshot 👇