VC firm
FJ Labs
Also known as FJ Labs 3VC, FJ Labs 3VC LLC, FJ Labs 4VC, FJ Labs 4VC LLC, FJ Labs Archangel, FJ Labs Archangel I, LP, FJ Labs III, LP, FJ Labs IV, LP
- Investor type
- VC
- Investing status
- Activeas of 2026-09-28Source (opens in a new tab)
- Headquarters
- NEW YORK, NY, United States
- Assets under management
- $823MForm ADV private fund GAV, as of 2026-03-30Source (opens in a new tab)
- Latest fund size
- $73.5MSEC amount sold, as of 2026-03-31Source (opens in a new tab)
- Funds
- 12
- Legal name
- FJ LABS MANAGEMENT LP
Record updated 29 September 2026
About
FJ Labs focuses on marketplaces and network-effect businesses, having invested in companies such as Alibaba, Coupang, Flexport, Delivery Hero, Shipbob, Properly, Wallapop, and Rappi; over 30 of its investments have become unicorns. It takes an angel-style approach at venture scale: it does not lead rounds or take board seats, instead co-investing with hundreds of institutional venture funds globally, evaluating deals across more than fifty countries with a focus on large economies with robust venture ecosystems and financial markets, including a strong U.S. focus. The firm reviews 200+ inbound deals per week and invests in the top 2-3%, typically deciding after two one-hour calls within two weeks.
Investment approach
- Thesis
- Marketplaces and network effects businesses are our bread and butter. We look for scalable and capital efficient businesses with sound unit economics and market leader potential.Source (opens in a new tab)
- Leads rounds
- No
- Lead policy
- We do not lead rounds or take board seats.
- Takes board seats
- No
- Board policy
- We do not lead rounds or take board seats.
- Investing status notes
- Portfolio entries include 2026 entry years, and the strategy page describes an ongoing, currently operating deal-review and investment process ("We receive 200+ inbound deals per week and invest in the top 2-3%").
Funds
- FJ Labs IV, LP
- $73.5MVintage 2025, Main fund, SEC amount sold
- FJ Labs III, LP
- $122MVintage 2021, Main fund, SEC amount sold
- FJ Labs Archangel I, LP
- $117MVintage 2021, Main fund, SEC amount sold
- FJ Labs 4VC LLC
- $5.8MVintage 2017, Main fund, SEC amount sold
- FJ Labs REB LLC
- $795KVintage 2017, Main fund, SEC amount sold
- FJ Labs LEH LLC
- $1.2MVintage 2016, SPV, SEC amount sold
- FJ Labs 3VC LLC
- $5.5MVintage 2015, Main fund, SEC amount sold
- F&J LABS/TELENOR CO-INVEST III, L.P.
- SPV
- FABRICE GRINDA FUND I LLC
- Main fund
- FJ LABS IV, LP
- Main fund
- F&J LABS/TELENOR CO-INVEST II, L.P.
- SPV
- F&J LABS CO-INVEST III, L.P.
- SPV
SEC registration
- Registered adviser
- FJ LABS MANAGEMENT LP
- CRD number
- 312920 (opens in a new tab)
- SEC file number
- 802-120650
- Registration
- Exempt reporting adviser
- Regulatory AUM
- $823Mas of 2026-03-30
- Private funds reported
- 13
- Principal office
- NEW YORK, NY, United States
- SEC CIK
- 1673093, 1690857, 1700812