About First Launch Capital Fund
First Launch Capital Fund is a venture capital firm founded in 2018. It is primarily based out of Greensboro, United States. As of Mar 2024, First Launch Capital Fund has invested in 6 companies. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Retail and Consumer. Most recently it participated in the $***** Seed round of mPATH A lot of funds co-invest with First Launch Capital Fund, with names like VentureSouth sharing a substantial percentage of its portfolio.Key Metrics
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed
First Launch Capital Fund's List of Top Investments
First Launch Capital Fund has a portfolio of 6 companies. Their most notable investments are in Proodos and Unbox the Dress.Their portfolio spans across United States and United Kingdom. They have invested in Enterprise Applications, Retail, Consumer and 5 other sectors, across stages such as Seed stage. Here is the list of top investments by First Launch Capital Fund:
1. Soelect
Provider of lithium-X anode technology and solid-state electrolyte material solutions. The company focuses on enabling safe, high energy density batteries. These batteries have applications in electric vehicles, portable electronics, and tactical defense equipment. The company’s manufacturing process is scalable for mass production. It also aims to train future battery professionals for the battery supply chain.
Key facts about Soelect
- Founded Year: 2018
- Location: Greensboro (United States)
- Stage: Series A
- Total Funding till date: $14.3M
- Employee Count: 15 as on Dec 31, 2022
- Investors: VentureSouth, GM Ventures and 3 Others
- Latest Funding Round: Series A, Feb 03, 2022, $*****
2. mPATH
Cloud-based program to healthcare organizations for a preventive care service. It provides personalized education, and connects patients with healthcare providers to improve preventive care.
Key facts about mPATH
- Founded Year: 2021
- Location: Winston-salem (United States)
- Stage: Seed
- Total Funding till date: $1.71M
- Employee Count: 15 as on Jan 31, 2026
- Investors: National Cancer Institute, VentureSouth and 7 Others
- Latest Funding Round: Grant (prize money), Oct 21, 2024, $*****
Online platform offering bridal gown redesigning and preservation services for heirlooms. The platform offers services like" Save your dress" which enables users to clean, repair, and store wedding dresses at museum quality storage. Unbox the dress helps the users to redesign their wedding dresses for their heirlooms. It offers features like custom-designed services, online quizzes, and more.
Key facts about Unbox the Dress
- Founded Year: 2016
- Location: Winston-salem (United States)
- Stage: Seed
- Total Funding till date: $225K
- Employee Count: 8 as on Jul 01, 2024
- Investors: Connetic Ventures, Right Side Capital Management and 3 Others
- Latest Funding Round: Seed, Oct 14, 2022, $*****
4. CrewPay
CrewPay provides contract management and payment solutions for small businesses. It features solutions for contractor onboarding, recurring payments, payable management, and more. It offers integration with ACH payments and QuickBooks.
Key facts about CrewPay
- Founded Year: 2017
- Location: Wakefield (United Kingdom)
- Stage: Seed
- Employee Count: 4 as on Jul 01, 2024
- Investors: First Launch Capital Fund
- Latest Funding Round: Seed, Jun 2019, $*****
5. Proodos
Proodos is a people-oriented project management software provider. It offers features such as talent management, product management, communications management, ARIA voice assistant, enhanced traditional tools, and risk management. The company allows users to download its application on iOS and Android platforms. It enables user access on a subscription-based pricing module.
Key facts about Proodos
- Founded Year: 2019
- Location: Winston-salem (United States)
- Stage: Seed
- Total Funding till date: $51K
- Employee Count: 2 as on Jul 01, 2024
- Investors: First Launch Capital Fund
- Latest Funding Round: Seed, Feb 22, 2021, $*****
- Highlight: Editors' Pick
First Launch Capital Fund's Year-on-Year Investment Trends
First Launch Capital Fund has invested in 6 companies over the last 7 years, with an average of 0 new investment annually in the last 5 years. Its most recent first time investment was in mPATH.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 1 | 0 | 1 |
2023 | 0 | 0 | 0 |
2022 | 0 | 0 | 0 |
2021 | 3 | 0 | 3 |
2020 | 0 | 0 | 0 |
2019 | 1 | 0 | 1 |
First Launch Capital Fund's Investments by Stage
First Launch Capital Fund has made 5 investments in Seed stage with an average round size of $1.5M.First Launch Capital Fund's Investments by Sector
First Launch Capital Fund has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, Energy Tech, FinTech and HealthTech. Notably, it has invested in 5 Tech companies, 4 Enterprise (B2B) companies, 3 Software companies and at least 2 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 3 |
Consumer | 1 |
Energy Tech | 1 |
FinTech | 1 |
HealthTech | 1 |
Others | 4 |
Note: We have considered here, only first round of investments
First Launch Capital Fund's Investments by Geography
First Launch Capital Fund has made most investments in United States (4), followed by United Kingdom where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 4 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
First Launch Capital Fund's recent investments
First Launch Capital Fund has not made any investment in 2026 so far.Here are the most recent investments by First Launch Capital Fund:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 05, 2024 | United States | Seed | 7823 | ||
Feb 22, 2021 | United States | Seed | 2345 | - | |
Feb 22, 2021 | United States | Seed | 5921 | - | |
Jan 20, 2021 | United States | Seed | 2360 | ||
Jun 2019 | United Kingdom | Seed | 4210 | - |
Co-investors of First Launch Capital Fund
Over the past 7 years, 11 investors have co-invested in First Launch Capital Fund's portfolio companies. This includes only funds.
- Invested before First Launch Capital Fund: HHS and WSPR have invested in rounds before First Launch Capital Fund. There is 1 company where HHS has invested before First Launch Capital Fund and 1 company where WSPR has invested before First Launch Capital Fund.
- Top Co-investors of First Launch Capital Fund: 5 investors entered a company along with First Launch Capital Fund. These include investors like VentureSouth (2 companies).
- Invested after First Launch Capital Fund: A total of 4 investors have invested in First Launch Capital Fund's portfolio after their investments. Top Investors include GM Ventures (1 company), KTB Network (1 company) and Lotte Ventures (1 company).
Recent News related to First Launch Capital Fund
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mPATH Health Raises $1.1M in FundingFinSMEs•Mar 06, 2024•mPATH, Atlanta Technology Angels, FCP Ventures, First Launch Capital Fund and 4 others
