About First Fund
First Fund is a venture capital firm founded in 2020. It is primarily based out of Vancouver, Canada. As of Dec 2021, First Fund has invested in 25 companies. It primarily invests in Seed round in Canada based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Retail and Blockchain Technology. Most recently it participated in the $***** Seed round of Hubly Overall, First Fund portfolio has seen 2 acquisitions, namely Hubly. A lot of funds co-invest with First Fund, with names like Greycroft sharing a substantial percentage of its portfolio. First Fund has team of 4 people including 3 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed
First Fund's List of Top Investments
First Fund has a portfolio of 25 companies. Their most notable investments are in DineEasy and Accessible Jobs.Their portfolio spans across Canada, United States, France and 4 more locations. They have invested in Enterprise Applications, Retail, Blockchain Technology and 15 other sectors, across stages such as Seed stage. Here is the list of top investments by First Fund:1. Klasha
Platform offering cross-border commerce and payment solutions. It offers solutions like API integration, selling link creation, payment management, data protection, KYC verification, and more. The platform also allows B2C commerce. Its mobile app is available for iOS users
Key facts about Klasha
- Founded Year: 2017
- Location: Dubai (United Arab Emirates)
- Stage: Seed
- Total Funding till date: $6.64M
- Employee Count: 49 as on Jul 31, 2026
- Investors: American Express, Greycroft and 26 Others
- Latest Funding Round: Seed, Jan 25, 2024, $*****
- Highlight: Editors' Pick
2. Hubly
Business management platform for financial advisors. It is a platform offering financial planning solutions. It provides features such as task management, collaboration tools, and integrations with other applications for productivity. It assists in creating workflows, tracking client progresses, generating performance analytics, and managing workflows. Also, offers tools to share personalized recommendations to clients.
Key facts about Hubly
- Founded Year: 2019
- Location: New York City (United States)
- Stage: Acquired
- Total Funding till date: $2.45M
- Employee Count: 5 as on Jul 31, 2026
- Investors: OCA Ventures, Mucker and 3 Others
- Latest Funding Round: Seed, Nov 2021, $*****
- Highlight: Acquired
3. Hubly
Developer of electrical bed system for intracranial access The company has developed a battery-powered drilling system that is used for intracranial access with pressure-based plunge prevention, Ghajar technique for catheter guidance, drilling path guidance, and offers real-time feedback for the neurosurgeons.
Key facts about Hubly
- Founded Year: 2018
- Location: Chicago (United States)
- Stage: Seed
- Total Funding till date: $4.2M
- Employee Count: 19 as on Jul 31, 2026
- Investors: OCA Ventures, Alchemist Accelerator and 9 Others
- Latest Funding Round: Seed, Jul 21, 2023, $*****
4. OmniCart
Platform offering last mile delivery logistics for grocery businesses. The platform building last mile delivery logistics with white-label technology enables entrepreneurs to run delivery businesses. The technology automates the delivery cycle, update menus, change hours of operation, receive orders, dispatch drivers, and more.
Key facts about OmniCart
- Founded Year: 2021
- Location: Vancouver (Canada)
- Stage: Seed
- Total Funding till date: $1.5M
- Employee Count: 5 as on Jul 31, 2026
- Investors: First Fund, Foodhub and 2 Others
- Latest Funding Round: Seed, Dec 04, 2023, $*****
5. Periculum
Provider of AI-powered data analytics solutions for insights into client conduct and market trends. It leverages machine learning algorithms to provide predictive models, anomaly detection, and recommendations for intelligent automation and insights. Its products cater to various sectors, including financial services and underserved markets. Services include customer segmentation, sentiment analysis, and fraud detection. It delivers data enrichment products for customer profiling and segmentation.
Key facts about Periculum
- Founded Year: 2019
- Location: Calgary (Canada)
- Stage: Seed
- Total Funding till date: $620K
- Employee Count: 25 as on Jul 31, 2026
- Investors: First Fund, Loyal and 3 Others
- Latest Funding Round: Seed, Jun 24, 2024, $*****
First Fund's Year-on-Year Investment Trends
First Fund has invested in 25 companies over the last 6 years, with an average of 0 new investment annually in the last 5 years. Its most recent first time investment was in Hubly.First Fund's Investments by Stage
First Fund has made 6 investments in Seed stage with an average round size of $1.05M.First Fund's Investments by Sector
First Fund has a diverse portfolio, with companies operating in the Enterprise Applications, Vertical SaaS, Business Services, Food and Agriculture Tech and HealthTech. Notably, it has invested in 18 Tech companies, 13 Enterprise (B2B) companies, 13 Software companies and at least 7 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 5 |
Vertical SaaS | 2 |
Business Services | 1 |
Food and Agriculture Tech | 1 |
HealthTech | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
First Fund's Investments by Geography
First Fund has made most investments in Canada (4), followed by United Arab Emirates where it has made 1 investment.Country | No. of Investments |
|---|---|
Canada | 4 |
United Arab Emirates | 1 |
United States | 1 |
Note: We have considered here, only first round of investments
First Fund's recent investments
First Fund has not made any investment in 2026 so far.Here are the most recent investments by First Fund:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Dec 22, 2021 | United States | Seed | 5557 | ||
Oct 10, 2021 | Canada | Seed | 4917 | [+1] | |
Jun 23, 2021 | Canada | Seed | 8864 | - | |
Apr 30, 2021 | Canada | Seed | 6369 | - | |
Apr 08, 2021 | Canada | Seed | 9507 | - |
Acquired companies in First Fund's Portfolio
2 companies from First Fund's portfolio have been acquired. The most recent acquisition was Hubly in Mar 2025 by Docupace for $*****.Here are First Fund's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 11, 2025 | - | - | 6296 | |
Aug 28, 2020 | - | - | 9353 |
Team profile of First Fund
First Fund has a team of 4 members including 3 Partners located in Canada. First Fund's team does not sit on the board of any company as of now.Here is a list of all team members in First Fund:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Vancouver | - | ||
Partner | Vancouver | - | ||
Partner | Vancouver | - |
Co-investors of First Fund
Over the past 6 years, 32 investors have co-invested in First Fund's portfolio companies. This includes funds and angels.
- Invested before First Fund: GINCO Investments, Techstars and 2 others have invested in rounds before First Fund. There is 1 company where GINCO Investments has invested before First Fund and 1 company where Techstars has invested before First Fund.
- Top Co-investors of First Fund: 14 investors entered a company along with First Fund. These include investors like Greycroft (1 company).
- Invested after First Fund: A total of 14 investors have invested in First Fund's portfolio after their investments. Top Investors include American Express (1 company), Global Ventures (1 company) and Tabby (1 company).
Recent News related to First Fund
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Dutch biotech River BioMedics raises €2M to discover, develop novel cardiac drugsSilicon Canals•Jul 20, 2023•River BioMedics, Libertatis Ergo Holding, First Fund, BioGeneration Ventures and 2 others
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Hubly Surgical just raised new funding to deliver a safer way to drillThe Business Journals•Dec 22, 2021•Hubly, First Fund, Southwest Angel Network
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Klasha Raises $2.4M in Seed FundingFinSMEs•Oct 07, 2021•Klasha, Greycroft, Seedcamp, Alumni Ventures and 11 others
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