LinkedIn Co-Founder Hoffman to Invest in U.K. Startup Hub
- Entrepreneur First spawned Magic Pony, bought by Twitter
- Hoffman on board of Microsoft and room-rental startup Airbnb
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The venture capital firm led by LinkedIn Corp. co-founder Reid Hoffman has invested in Entrepreneur First, a London-based hub for startups, alongside Mosaic Ventures and Founders Fund.
Greylock Partners led the $12.4 million funding, which also included Lakestar Capital, and Demis Hassabis and Mustafa Suleyman, the founders of DeepMind, according to a statement from Entrepreneur First. Hoffman’s involvement was first reported by Bloomberg.