Entrepreneurs First has become a unicorn following a $200 million fundraising round that values the company at $1.3 billion. The UK-based talent accelerator, which helps European founders relocate to Silicon Valley, nearly tripled its portfolio value from $3 billion in 2022 to $16 billion today. This growth reflects its strategy of moving founders to the US for 12-week programs, where they raise larger seed rounds—$2-3 million in just days—at higher valuations.

The fundraise, led by investors including LinkedIn's Reid Hoffman and Stripe's founders, will primarily fund the company's operations, not its portfolio, though $40 million will seed future investments. EF's approach underscores a critical shift: European founders gain speed and access to US markets, though the relocation itself presents cultural challenges like communication adjustments. The company now aims to build an evergreen capital vehicle for future startups.