Fabrice Grinda co-founded FJ Labs in 2015 after selling OLX to Naspers. He backs mostly seed-stage online marketplaces.
Fabrice Grinda is the co-founder and managing partner of FJ Labs, a venture firm he launched in 2015 after selling OLX to Naspers for over $3 billion [2][3]. His investment thesis focuses primarily on online marketplaces across every geography and industry, with a portfolio split of roughly 70% seed-stage, 70% in the United States, and 70% in marketplace businesses [9][11]. Grinda typically acts as a follower rather than a lead investor, deploying average checks of about $500,000 at seed and up to $1 million at Series B [9][10]. Notable portfolio companies include Alibaba, Airbnb, FanDuel, and Flexport, with the firm achieving over 300 exits and 30 unicorns [2][4][5]. He has been named the world’s #1 angel investor by Forbes and frequently writes and speaks on marketplace trends, emerging markets, and technology investing [5][7]. Grinda emphasizes unit economics as a key selection criterion and views marketplaces as deflationary forces that can address social inequality and climate change [10][4].
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