---
title: "FJ Labs Raises Fund IV to Extend Marketplace Investing Machine"
description: "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."
date: 2026-03-31T00:00:00.000Z
tags: ["fj-labs", "fund-close", "venture-capital", "marketplaces", "startup-funding"]
source: https://venturecapitaltracker.com/2026-fj-labs-fund-iv-marketplaces
---

# 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

1. FJ Labs IV Form D filings (13f.info): https://13f.info/form-d/0002060076-fj-labs-iv-lp
2. FJ Labs thesis & activity (F4 profile): https://f4.fund/firms/fj-labs