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FirstMile Ventures

Founders Bill Miller

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 58
Average round size
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The average size of a deal this fund participated in
$2M
Portfolio companies 46
Rounds per year 4.14
Lead investments 10
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.19
Exits 10
Key employees 2
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Software
  • Computer
  • Information Technology
  • Big Data
  • SaaS
Summary

In 2010 was created FirstMile Ventures, which is appeared as VC. The fund was located in North America if to be more exact in United States. The leading representative office of defined VC is situated in the Colorado Springs.

The current fund was established by Bill Miller. We also calculated 2 valuable employees in our database.

Besides, a startup requires to be at the age of 2-3 years to receive the investment from the fund. We can highlight the next thriving fund investment areas, such as Blockchain, Food and Beverage. 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 no exact preference in some founders of portfolio startups. If startup sums 5+ of the founder, the chance for it to be financed is low. Among the various public portfolio startups of the fund, we may underline Hedera Hashgraph, Halp, Shotzr

The fund is constantly included in 2-6 deals per year. The top activity for fund was in 2017. Despite it in 2019 the fund had an activity. The top amount of exits for fund were in 2018. Deals in the range of 1 - 5 millions dollars are the general things for fund. Considering the real fund results, this VC is 7 percentage points more often commits exit comparing to other organizations. This FirstMile Ventures works on 18 percentage points less the average amount of lead investments comparing to the other organizations.

The standard case for the fund is to invest in rounds with 3-4 partakers. Despite the FirstMile Ventures, startups are often financed by Techstars, Right Side Capital Management, Access Venture Partners. The meaningful sponsors for the fund in investment in the same round are Access Venture Partners, Tahoma Ventures, Service Provider Capital. In the next rounds fund is usually obtained by Access Venture Partners, SOSV, NEXT Frontier Capital.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of FirstMile Ventures:
Typical Co-investors
FirstMile Ventures is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after FirstMile Ventures:

Funds with similar focus

Funds from United States
Funds with similar focus located in United States:
Funds with the same geo focus
Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Credo

Health Care
Medical
$5M04 Jan 2024 Denver, Colorado, United States

ShowLabs

Advertising
B2B
Content Marketing
$3M15 Aug 2023 Denver, Colorado, United States

Paccurate

Developer APIs
Enterprise Resource Planning (ERP)
Logistics
Software
Supply Chain Management
$3M22 Jun 2023 Brooklyn, New York, United States

Karoo Health

Health Care
Medical
$3M07 Jun 2023 Albuquerque, New Mexico, United States

Rook Capital

Finance
Real Estate
Real Estate Investment
$4M22 Sep 2022 Boulder, Colorado, United States

Paccurate

Developer APIs
Enterprise Resource Planning (ERP)
Logistics
Software
Supply Chain Management
$2M03 May 2022 Brooklyn, New York, United States

Karoo Health

Health Care
Medical
$1M06 Apr 2022 Albuquerque, New Mexico, United States

Credo

Health Care
Medical
$3M07 Mar 2022 Denver, Colorado, United States

DepoDirect

Software
$2M01 Nov 2021 Los Angeles, California, United States
News
Demoflow Raises $2.4M in Second Seed Funding

– Demoflow from Denver provides a platform for sales team collaboration to boost productivity, increase revenue, and decrease sales cycles.
– The company raised $2.4m in the second seed funding round.
RTP Seed led the round with participation from Slack Fund, First Mile Ventures, Next Frontier Capital, and Heroic Ventures.
– The company intends to use the funds to continue to expand its platform’s functionality.

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Total investments 58
Average round size 2M
Rounds per year 4.14
Peak activity year 2017
Lead investments 10
Follow on index 0.19
Exits 10
Group Appearance index 0.72

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Credo

Health Care
Medical
$5M04 Jan 2024 Denver, Colorado, United States

ShowLabs

Advertising
B2B
Content Marketing
$3M15 Aug 2023 Denver, Colorado, United States

Paccurate

Developer APIs
Enterprise Resource Planning (ERP)
Logistics
Software
Supply Chain Management
$3M22 Jun 2023 Brooklyn, New York, United States

Karoo Health

Health Care
Medical
$3M07 Jun 2023 Albuquerque, New Mexico, United States

Rook Capital

Finance
Real Estate
Real Estate Investment
$4M22 Sep 2022 Boulder, Colorado, United States

Paccurate

Developer APIs
Enterprise Resource Planning (ERP)
Logistics
Software
Supply Chain Management
$2M03 May 2022 Brooklyn, New York, United States

Karoo Health

Health Care
Medical
$1M06 Apr 2022 Albuquerque, New Mexico, United States

Credo

Health Care
Medical
$3M07 Mar 2022 Denver, Colorado, United States

DepoDirect

Software
$2M01 Nov 2021 Los Angeles, California, United States
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