First Step Fund
12
1M
10
1.00
0.17
3
- Stages of investment
- Areas of investment
Summary
In 2010 was created First Step Fund, which is appeared as VC. The main department of described VC is located in the Detroit. The company was established in North America in United States.
The typical case for the fund is to invest in rounds with 5-6 participants. Despite the First Step Fund, startups are often financed by Ann Arbor SPARK, Rick Inatome, Hyde Park Venture Partners. The meaningful sponsors for the fund in investment in the same round are The Amherst Fund, North Coast Technology Investors, Hyde Park Venture Partners. In the next rounds fund is usually obtained by Detroit Venture Partners, VTF Capital, The Amherst Fund.
We also calculated 3 valuable employees in our database.
Besides, a startup requires to be at the age of 1 and less years to receive the investment from the fund. Among the most popular portfolio startups of the fund, we may highlight Cribspot, AYAH, LevelEleven. Among the most successful fund investment fields, there are Information Technology, CRM. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. The fund has exact preference in some founders of portfolio startups. In case when startup counts 4 or 5+ of the founder, the chance for it to get the investment is meager.
The high activity for fund was in 2013. Comparing to the other companies, this First Step Fund performs on 12 percentage points less the average number of lead investments. The higher amount of exits for fund were in 2017. The fund is constantly included in less than 2 investment rounds annually. Deals in the range of 1 - 5 millions dollars are the general things for fund.
Investments analytics
Analytics
- Total investments
- 12
- Lead investments
- 0
- Exits
- 3
- Rounds per year
- 1.00
- Follow on index
- 0.17
- Investments by industry
- Information Technology (3)
- Software (3)
- Marketing (3)
- Education (3)
- CRM (2) Show 31 more
- Investments by region
-
- United States (12)
- Peak activity year
- 2013
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- Avg. startup age at the time of investment
- 10
- Group Appearance index
- 1.00
- Avg. company exit year
- 6
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Latest deals
| Company name | Deal date | Industry | Deal stage | Deal size | Location |
|---|---|---|---|---|---|
| Cribspot | 01 Jun 2016 | Real Estate, Internet, Rental, Education | Seed | 1M | United States, Ann Arbor, Michigan |
| LevelEleven | 11 Apr 2013 | Software, Information Technology, Enterprise Software, CRM, Gamification, Sales Automation | Seed | 500K | United States, Michigan, Detroit |
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