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Investor profile

Nat Friedman

Angel · San Francisco, United States

86 portfolio companies Angel · $5.2B invested · 119 investments · Investor rank #576 · Last investment 6/2026
Portfolio companies 86 ↑ 254% 5y
Decacorns 6 ↑ 200% 5y
Thoroughbreds 10 ↑ 150% 5y
Estimated holdings

Nat Friedman’s biggest current holdings.

An estimate of Nat Friedman’s largest live positions — disclosed shareholding × Dealroom’s latest valuation — across 3 companies where Nat Friedman is a named shareholder, worth about $220M in estimated equity value.

#CompanyEst. stakeValuationEst. value
  1. 1 The Bot CompanyRobotics · Unicorn 4.5% $2.0B $90M
  2. 2 RetoolEnterprise Software · Unicorn 2.5% $3.2B $80M
  3. 3 Reka AIEnterprise Software · Unicorn 5% $1.0B $50M

Estimated value = Nat Friedman’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. Nat Friedman also appears inside investor groups in Anysphere | Cursor, ElevenLabs, Perplexity, Safe Superintelligence, Suno, where a standalone stake isn’t disclosed. See the underlying cap tables on Dealroom →

Exits

Nat Friedman’s biggest exits.

Portfolio companies that IPO’d or were acquired at $1B+, with the valuation recorded at exit and — for those still public — their value today. Exit events come from each company’s funding-round history; entry stage from Nat Friedman’s transaction record.

$23B IPO · 2025
Entered Series B+Now $73BHosting
$60B acquisition · 2026
Entered SeedEnterprise Software
$29B acquisition · 2025
Entered Series AEnterprise Software
$2.7B acquisition · 2024
Entered Series AMedia
$1.7B acquisition · 2025
Entered Series B+Enterprise Software
$1.0B acquisition · 2025
Entered Series AEnterprise Software
Portfolio analysis

Where Nat Friedman’s portfolio is concentrated.

Distribution of portfolio companies by headquarters country, sector, entry stage and current growth stage. Across all 86 portfolio companies. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

By countryCount
  1. USA75
  2. UK5
  3. China1
  4. France1
  5. India1
  6. Poland1
  7. Spain1
  8. Sweden1
By sectorCount
  1. Enterprise Software49
  2. Media7
  3. Fintech5
  4. Health5
  5. Energy4
  6. Marketing4
  7. Robotics4
  8. Security4
  9. Home Living2
  10. Hosting2
  11. Legal2
  12. Semiconductors2
By stage enteredCount
  1. Seed40
  2. Series A36
  3. Series B+9
By growth stageCount
  1. Breakout Stage41
  2. Late Growth29
  3. Early Growth16
Portfolio market map

Inside Nat Friedman’s portfolio.

The 60 highest-funded portfolio companies, of 86 tracked.

Anysphere | Cursor
Enterprise Software · Decacorn
$50B
Perplexity
Enterprise Software · Decacorn
$20B
CoreWeave
Hosting · Decacorn
$73B
Scale
Enterprise Software · Decacorn
$29B
Deel
Fintech · Decacorn
$17B
Vercel
Enterprise Software · Unicorn
$9.3B
ElevenLabs
Media · Decacorn
$11B
Suno
Music · Unicorn
$5.4B
NewLimit
Health · Unicorn
$3.1B
MatX
Semiconductors · Unicorn
$2.0B
Magic
Enterprise Software · Unicorn
$1.5B
Entrepreneurs First
Enterprise Software · Unicorn
$1.1B
The Bot Company
Robotics · Unicorn
$2.0B
XBOW
Security · Unicorn
$1.0B
Weights & Biases
Enterprise Software · Unicorn
$1.7B
Distyl
Enterprise Software · Unicorn
$1.8B
WorkOS
Security · Unicorn
$2.0B
Reka AI
Enterprise Software · Unicorn
$1.0B
Retool
Enterprise Software · Unicorn
$3.2B
Character.AI
Media · Unicorn
$2.7B
EvolutionaryScale
Health
$568M
Pika
Media
$470M
Medallion
Health
$172M
Neon
Enterprise Software · Unicorn
$1.0B
Socket
Security · Unicorn
$1.0B
RunPod
Enterprise Software · Unicorn
$1.0B
AssemblyAI
Enterprise Software
$200M
Alt Platform
Fintech
$325M
Digits
Fintech
$565M
Klarity
Legal
$280M
Hume AI
Enterprise Software
$200M
Viktor
Enterprise Software
$300M
Airplane
Enterprise Software
$128M
Tinybird
Enterprise Software
$185M
XWING
Transportation
$400M
Medra
Health
$208M
Terraform Industries
Energy
$151M
Convex
Enterprise Software
$128M
Transform
Marketing
$80M
Rivan Industries
Energy
$133M
Consensus
Enterprise Software
$119M
Strapi
Enterprise Software
$124M
POLYWORK
Media
$112M
Prefect
Enterprise Software
$128M
Recraft
Media
$120M
Atomic AI
Health
$140M
Sumble
Marketing
$120M
Didero
Enterprise Software
$120M
Rookout
Enterprise Software
$64M
Dagger
Enterprise Software
$80M
Tolan
Media
$80M
Matic
Home Living
$96M
Doppler
Enterprise Software
$80M
Axiom
Enterprise Software
$74M
Distributed Spectrum
Semiconductors
$100M
Rain Industries
Robotics
$39M
Antimetal
Security
$80M
GlideApps
Enterprise Software
$80M
Shellworks
Energy
$60M
Kite
Enterprise Software
$68M
Portfolio founders

Where Nat Friedman’s portfolio founders come from.

154 founders across the 86 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.

LocationCount
  1. United States118
  2. United Kingdom12
  3. Spain6
  4. France5
  5. India2
  6. Sweden2
  7. Argentina1
  8. Australia1
  9. British Indian Ocean Territory1
  10. China1
UniversityCount
  1. Massachusetts Institute of Technology14
  2. Stanford University13
  3. Harvard University10
  4. University of Oxford7
  5. University of California, Berkeley5
  6. University of Cambridge4
  7. Columbia University3
  8. HETIC – School of Internet and Digital Technologies3
  9. Stanford University Graduate School of Business3
  10. University of Pennsylvania3
Previous companyCount
  1. Alphabet | Google23
  2. Microsoft13
  3. Meta6
  4. IBM5
  5. Massachusetts Institute of Technology5
  6. McKinsey & Company5
  7. Quora5
  8. Carto4
  9. GitHub4
  10. Google DeepMind4
Figures on this page are sourced live from the Dealroom next-gen API, joined with Dealroom’s cap-table dataset (estimated holdings) and the Power Law Investor Ranking. News in “Featured in” is drawn from Dealroom’s own coverage — the stories that name this investor, not only those it is the subject of. Market sentiment is omitted until the API exposes it.