· Venture Capital Tracker · investment-strategies · 1 min read
FJ Labs Raises Fund IV to Extend Marketplace Investing Machine
FJ Labs, the marketplace-focused firm of Fabrice Grinda, filed for Fund IV, reporting $73.5M raised as it continues its high-volume, non-lead strategy.
FJ Labs, the marketplace-focused firm co-founded by Fabrice Grinda and Jose Marin, filed for Fund IV, reporting $73.5M raised as of a March 2026 Form D amendment.
Key facts
- Firm: FJ Labs (marketplace/network-effect specialist)
- New fund: FJ Labs IV, LP ($73.5M reported)
- Model: Non-lead, no board seats, fixed check sizes ($200K-$725K)
- Scale: 1,200+ startups backed; 30+ unicorn exits
- 2025 pace: 168 investments (96 new, 72 follow-on) across 25 countries
Why this matters
Fund IV extends FJ Labs’ high-volume, diversification-driven strategy that has produced marketplace winners like Alibaba, Coupang, Delivery Hero, and Flexport.
Sources
- FJ Labs IV Form D filings (13f.info): https://13f.info/form-d/0002060076-fj-labs-iv-lp
- FJ Labs thesis & activity (F4 profile): https://f4.fund/firms/fj-labs
- fj-labs
- fund-close
- venture-capital
- +2 more
Editorial note: AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.