Xfund, a Palo Alto, CA-based Cambridge, MA-based early-stage venture capital firm designed to back lateral thinkers, closed its newest investment vehicle, Xfund 3.
Launched in 2012 as a collaboration between Harvard University and New Enterprise Associates and Breyer Capital, the fund combines academia with venture capital to seek out founders who have pursued liberal arts degrees.
Led by Patrick Chung and Brandon Farwell, Xfund is an early-stage venture firm designed to back lateral thinkers partnering with Harvard University and others of the world’s preeminent universities. These structural relationships help the fund identify promising ideas and entrepreneurs at the earliest stages. Xfund has also closed deep institutional relationships across multiple centers of learning and research to help its portfolio companies gain access to resources and insights.
Advisors in the fund include Debora Spar, Senior Associate Dean at Harvard Business School, and Sandy Pentland, MIT Professor and co-creator of the MIT Media Lab, among others.
The team has already begun to make investments from the new fund.