About FirstMark
FirstMark is a venture capital firm founded in 1987. It is primarily based out of New York City, United States. As of Oct 2026, FirstMark is an active investor, having invested in 233 companies, with 14 new investments in the last 12 months. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it participated in the $***** Series A round of Baba Care Overall, FirstMark portfolio has seen 21 unicorns, 9 IPOs and 73 acquisitions including key companies like DraftKings, Shopify and Carta. A lot of funds co-invest with FirstMark, with names like First Round Capital sharing a substantial percentage of its portfolio. FirstMark has team of 25 people including 10 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 5 more
Portfolio IPOs
Portfolio Soonicorns
FirstMark's List of Top Investments
FirstMark has a portfolio of 233 companies, including 21 unicorns. Their most notable investments are in Zilla Security and Daytona.Their portfolio spans across United States, France, United Kingdom and 11 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 29 other sectors, across stages such as Series A, Seed and 5 more. Here is the list of top investments by FirstMark:
1. DraftKings
Platform providing online solutions for fantasy sports and sports betting. It is a leading online platform offering daily fantasy sports and sportsbook services including real money betting and fantasy sports contests. They operate a user friendly website and mobile app providing a range of sports and entertainment options for enthusiasts.
Key facts about DraftKings
- Founded Year: 2012
- Location: Boston (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $719M
- Employee Count: 5,802 as on Sep 30, 2026
- Investors: Atlas Venture, Schechter and 49 Others
- Latest Funding Round: Post IPO, Sep 02, 2020, $*****
- Highlight: Public
2. Shopify
Provider of an all-in-one commerce platform for businesses of all sizes. The platform enables merchants to start, grow, market, and manage their retail operations. It offers tools to build brands, create websites, and customize online stores. The platform also provides solutions for selling products online, in person, and across various channels. It facilitates payment acceptance, marketing, customer management, and business analytics.
Key facts about Shopify
- Founded Year: 2006
- Location: Ottawa (Canada)
- Stage: Public
- Total Funding till date: $122M
- Employee Count: 30,125 as on Sep 30, 2026
- Investors: Georgian, Ringway Capital and 20 Others
- Latest Funding Round: Series C, Dec 11, 2013, $*****
- Highlight: Public
3. Carta
Software-based equity management solutions. It offers features solutions for valuation, equity planning, transfer agents, electronic securities, scenario modeling, fund administration, portfolio data collection, and more. It offers solutions to multiple sectors including private companies, investors, and public companies. It also offers ESOP management solutions.
Key facts about Carta
- Founded Year: 2012
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $1.16B
- Employee Count: 5,728 as on Sep 30, 2026
- Investors: Meritech, Silver Lake and 141 Others
- Latest Funding Round: Series G, Aug 13, 2021, $*****
- Highlight: Editors' Pick
4. Pinterest
Visual discovery and planning website. It provides a platform for users to discover and save ideas, products, and services across various categories, including fashion, home decor, and lifestyle. The company offers a range of features and tools for both individual and business users, including advertising solutions, analytics, and content sharing capabilities.
Key facts about Pinterest
- Founded Year: 2010
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $1.47B
- Employee Count: 14,193 as on Sep 30, 2026
- Investors: TrueBridge, Section Partners and 90 Others
- Latest Funding Round: Post IPO, Mar 03, 2026, $*****
- Highlight: Public
5. Upwork
Provider of freelance marketplace connecting businesses with independent talents. It offers an AI powered suggestions, screening questions, and boosted proposals for visibility, built-in tool with screenshots and activity logs for hourly work transparency . It provides in-app messaging, file sharing, video calls, and mobile apps for iOS and Android.
Key facts about Upwork
- Founded Year: 1999
- Location: San Francisco (United States)
- Annual Revenue: $500M - $1B as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $74M
- Employee Count: 179,756 as on Sep 30, 2026
- Investors: Section Partners, T. Rowe Price and 24 Others
- Latest Funding Round: Post IPO, Aug 10, 2021, $*****
- Highlight: Public
FirstMark's Year-on-Year Investment Trends
FirstMark has invested in 233 companies over the last 24 years, with an average of 10 new investments annually in the last 10 years. In 2025, it made 16 investments, while as of Oct 2026, it has made 19 investments in this year. Its most recent first time investment was in Baba Care and most recent follow-on round was in Daytona.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 13 | 6 | 19 |
2025 | 7 | 9 | 16 |
2024 | 9 | 7 | 16 |
2023 | 8 | 9 | 17 |
2022 | 11 | 11 | 22 |
2021 | 9 | 20 | 29 |
2020 | 9 | 20 | 29 |
2019 | 6 | 16 | 22 |
2018 | 15 | 7 | 22 |
2017 | 8 | 14 | 22 |
FirstMark's Investments by Stage
FirstMark is primarily an Early Stage Investor investor majorly investing in Series A (99) rounds where average round size is $1.35B, Seed (57) rounds where average round size is $477M and Series B (21) rounds where average round size is $749M.Stage of entry | No. of Investments |
|---|---|
Series A | 99 |
Seed | 57 |
Series B | 21 |
Series C | 8 |
Series D | 4 |
Others | 4 |
Note: We have considered here, only first round of investments
FirstMark's Investments by Sector
FirstMark has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, FinTech, Vertical SaaS and High Tech. Notably, it has invested in 208 Tech companies, 163 Enterprise (B2B) companies, 137 Software companies and at least 97 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 107 |
Consumer | 38 |
FinTech | 38 |
Vertical SaaS | 33 |
High Tech | 31 |
Others | 202 |
Note: We have considered here, only first round of investments
FirstMark's Investments by Geography
FirstMark has made most investments in United States (164), followed by United Kingdom where it has made 7 investments.Country | No. of Investments |
|---|---|
United States | 164 |
United Kingdom | 7 |
France | 6 |
Canada | 5 |
Germany | 4 |
Others | 9 |
Note: We have considered here, only first round of investments
FirstMark's recent investments
FirstMark has made 19 investments in 2026 so far. Baba Care and Fragment are the latest among them.Here are the most recent investments by FirstMark:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 20, 2026 | India | Series A | 5723 | [+3] | |
Oct 15, 2026 | United States | Series A | 8679 | ||
Sep 15, 2026 | United States | Seed | 6871 | [+6] | |
Aug 18, 2026 | United States | Series C | 5284 | [+7] | |
Jul 31, 2026 | United States | Series B | 4314 | [+13] |
Unicorns in FirstMark's Portfolio
FirstMark has 21 unicorns in its portfolio - Daytona, Rillet, Harmattan and others. The most recent unicorn in their portfolio is Daytona. It became a unicorn in 2026.Here is a list of unicorns in FirstMark's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
63 | Provider of secure and elastic infrastructure for running AI-generated code | 2023 | New York City | Series B | oigoe{n | ||
67 | AI-native ERP designed to automate accounting | 2021 | New York City | Series C | vob{spb | ||
56 | Developer of autonomous systems and robotics for defense and security applications | 2024 | Paris | Series B | yazixoq | ||
66 | Stablecoin-powered cards and payments infrastructure for a fluid financial system | 2021 | Brooklyn | Series C | vzssxlx | ||
66 | Developer of agentic software for automating complex legal work tasks | 2023 | Stockholm | Series E | hmathny |
IPOs and Publicly Listed companies in FirstMark's Portfolio
9 of FirstMark's portfolio companies have become public. StubHub got listed on the New York Stock Exchange (NYSE), in Sep 2025 at marketcap of $8.06B and GCT Semiconductor got listed on the New York Stock Exchange (NYSE).Here are FirstMark's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 17, 2025 | - | - | 7285 | |
Mar 27, 2024 | Dec 02, 2002 | Series C | 8424 | |
Jul 25, 2019 | - | - | 7637 | |
Apr 18, 2019 | Aug 08, 2012 | Series C | 9946 | |
Oct 03, 2018 | Nov 25, 2014 | Series E | 4117 |
Acquired companies in FirstMark's Portfolio
73 companies from FirstMark's portfolio have been acquired. The most recent acquisition was Bluecore in May 2026 by Insider One for $*****.Here are FirstMark's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 13, 2026 | Sep 29, 2014 | Series A | 9670 | |
May 06, 2026 | Jan 14, 2022 | Series A | 6437 | |
Apr 20, 2026 | Feb 03, 2021 | Series A | 1491 | |
Feb 18, 2026 | Jul 23, 2024 | Series A | 5855 | |
Feb 02, 2026 | - | - | 8450 |
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Team profile of FirstMark
FirstMark has a team of 25 members including 10 Partners, 5 Venture Partners and 9 Principals located in United States. FirstMark's team sits on the board of 11 companies.Here is a list of top team members in FirstMark:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | New York City | - | ||
Partner | New York | Bluecore, ScienceLogic and 6 more | ||
Partner | New York City | Ro, HopSkipDrive and 1 more | ||
Partner | New York | - | - | |
Partner | New York City | - | ||
Partner | Stamford | - | - | |
Partner | New York City | - | - | |
Partner | Los Angeles | - | - | |
Partner | New York | - | - | |
Partner | United States | - | - | |
Venture Partner | New York | - | - |
Co-investors of FirstMark
Over the past 24 years, 1261 investors have co-invested in FirstMark's portfolio companies. This includes funds and angels.
- Invested before FirstMark: Bain Capital Ventures, Y Combinator and 325 others have invested in rounds before FirstMark. There are 5 companies where Bain Capital Ventures has invested before FirstMark and 5 companies where Y Combinator has invested before FirstMark.
- Top Co-investors of FirstMark: 427 investors entered a company along with FirstMark. These include investors like First Round Capital (8 companies).
- Invested after FirstMark: A total of 507 investors have invested in FirstMark's portfolio after their investments. Top Investors include Insight Partners (7 companies), Tiger Global Management (7 companies) and Battery Ventures (6 companies).
Recent News related to FirstMark
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Baba Secures $40M Series A to Expand AI Healthcare Platform and Launches BabaBenchHIT Consultant•Oct 20, 2026•FirstMark, Baba
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Daytona Raises $60M at $1B Valuation for AI Agent InfrastructureTechStartups.com•Oct 20, 2026•Daytona, Prism Data, Okta, FirstMark and 3 others
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Fragment Raises $12 Million Series A to Automate Financial Operations for Vertical AI BusinessesMassinvestor•Oct 20, 2026•FirstMark, Fragment, BoxGroup
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Rillet Achieves Unicorn Status with $1 Billion Valuation Following Series C FundingCryptocurrency•Aug 19, 2026•Rillet, Iconiq Capital, Battery Ventures, FirstMark and 6 others
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Velocity Raises $38 Million Series A to Facilitate Stablecoin Payments for BusinessesDnyuz•Jul 14, 2026•Capital One Ventures, FirstMark, Wintermute, Coinbase and 6 others
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Velocity Raises $38 Million to Expand Stablecoin Treasury PlatformVentureburn•Jul 14, 2026•Capital One Ventures, QED Investors, Activant Capital, FirstMark and 5 others
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Vendelux Raises $50 Million Series BPulse 2.0•Jul 10, 2026•Vendelux, Tribeca Venture Partners, S3 Ventures, Cervin Ventures and 3 others
