Patrick Chung, Managing General Partner of Xfund
Patrick Chung is managing general partner and co-founder of Xfund, an the early stage venture capital firm with offices in Cambridge, Massachusetts, and Palo Alto, California. Launched in 2012, Xfund maintains close affiliations with Harvard, Stanford, and other leading research universities. The company targets founders who “"think laterally”" across disciplines and conventional industry categories. Xfund'’s portfolio companies include 23andMe, AeroVect, Curebase, Guideline, Philo, Prive, Vaccitech, Natalist, and Zumper, among others.
Prior to co-founding Xfund, Patrick Chung led the consumer and seed investing practices at New Enterprise Associates (NEA), the largest venture capital firm in the country. During his tenure there, he led investments in a number of notable companies, including 23andMe, GoodGuide, Loopt, Xoom, Kensho, Plaid, Ravel Law, Segment, ThirdLove, and Zumper. Before NEA, Chung worked at co-founded ZEFER, an internet service provider that he helped foundraised over $100m in venture financing. He was instrumental in the company’’s growth to annual revenues over $100 million and a staff of more than 700. He started his career at McKinsey & Company, where he focused primarily on hardware and software companies.
Chung earned his bachelor'’s degree in environmental science from Harvard College and master'’s degree in the same field from Oxford University, where he was a Commonwealth Scholar. He later earned a joint JD-MBA from Harvard Law School and Harvard Business School. During this time, he was editor of the Harvard Law Review, recognized as one of the “"most outstanding" graduate students in the world” by the Academy of Achievement, and developed a course on corporate governance with Robert C. Pozen, the former vice chair of Fidelity Investments.
Chung is active with his alma mater and was an elected director of the Harvard Alumni Association and member of the Committee to Visit Harvard College. He also serves as a director of Philo and 23andMe, as well as an associate of the University of Toronto’'s Creative Destruction Lab.