About FirstMile Ventures
FirstMile Ventures is a venture capital firm founded in 2010. It is primarily based out of Colorado Springs, United States. As of May 2026, FirstMile Ventures is an active investor, having invested in 62 companies, with 1 new investment in the last 12 months. 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 High Tech and Enterprise Infrastructure. Most recently it participated in the $***** Series A round of Dreambase Overall, FirstMile Ventures portfolio has seen 1 unicorn and 16 acquisitions including key companies like Pax8, CaliberMind and Precog. A lot of funds co-invest with FirstMile Ventures, with names like Service Provider Capital sharing a substantial percentage of its portfolio. FirstMile Ventures has team of 3 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Portfolio Acquisitions
Portfolio Unicorns
FirstMile Ventures' List of Top Investments
FirstMile Ventures has a portfolio of 62 companies, one of which is a Unicorn. Their most notable investments are in Credo and Paccurate.Their portfolio spans across United States, Japan and Spain. They have invested in Enterprise Applications, High Tech, Enterprise Infrastructure and 19 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by FirstMile Ventures:
1. Pax8
AI powered cloud marketplace. It enables users to buy, sell, and manage cloud-based solutions. The AI tool helps users to identify sales opportunities, and define recommendations across vendor. It enables users to search and purchase cloud products via the website.
Key facts about Pax8
- Founded Year: 2011
- Location: Greenwood Village (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $344M
- Employee Count: 1,864 as on Aug 31, 2026
- Investors: Liberty Global, Blue Cloud Ventures and 8 Others
- Latest Funding Round: Series E, Nov 11, 2025, $*****
- Highlight: Editors' Pick
2. CaliberMind
NLP and ML based revenue data marketing platform. It forms buyer personas based on demographic, psychographic, and firmographic data from multiple data sources combined with publicly available social data and first party data from CRM, Marketing automation, and other tools. Using NLP and deep ML, the personas are updated in real-time for personalized content recommendation.
Key facts about CaliberMind
- Founded Year: 2014
- Location: Boulder (United States)
- Stage: Acquired
- Total Funding till date: $24.7M
- Employee Count: 31 as on Aug 31, 2026
- Investors: Salesforce, IAG Capital Partners and 23 Others
- Latest Funding Round: Series A, Oct 27, 2025, $*****
- Highlight: Acquired
Application development platform for decentralized economy. It is a decentralized public network that allows startups or enterprises to build applications. It features HBAR, a cryptocurrency derived from the public network that can be used for online wallets & exchanges. It provides application development for payments, identity, fraud mitigation, and more.
Key facts about Hedera Hashgraph
- Founded Year: 1998
- Location: Richardson (United States)
- Stage: Funding Raised
- Employee Count: 151 as on Aug 31, 2026
- Investors: Ultrafund Capital, DHVC and 42 Others
- Latest Funding Round: ICO, Aug 16, 2018, $*****
- Highlight: Editors' Pick
4. Cloverleaf
Provider of intelligence software for monitoring public government agency meetings. This platform analyzes audio from government committee sessions to identify procurement trends and potential sales opportunities for business entities. The software tracks public sector discussions to provide signals regarding agency needs and pain points before official requests for proposals are published. Users receive daily notifications formatted to support outreach and strategic sales planning within specific territories. The system functions by processing meeting data to highlight shifts in decision-making and project development occurring within local government entities.
Key facts about Cloverleaf
- Founded Year: 2021
- Location: Denver (United States)
- Stage: Series A
- Total Funding till date: $12.3M
- Employee Count: 28 as on Aug 31, 2026
- Investors: Jackson Square Ventures, S3 Ventures and 6 Others
- Latest Funding Round: Series A, Jan 14, 2026, $*****
5. Precog
Precog is a data analysis platform that helps companies to develop advanced analytics applications on unstructured data. The platform accepts data from multiple sources such as Hadoop, databases, and APIs and can query data created in multiple formats JSON, logfile, and XML. It lets users enrich the data and analyze it using either a REST API or Precogs development environment.
Key facts about Precog
- Founded Year: 2010
- Location: Boulder (United States)
- Stage: Acquired
- Total Funding till date: $13.8M
- Employee Count: 34 as on Nov 15, 2025
- Investors: FIRST IN, Venture Guides and 10 Others
- Latest Funding Round: Series B, Jan 21, 2025, $*****
- Highlight: Acquired
FirstMile Ventures' Year-on-Year Investment Trends
FirstMile Ventures has invested in 62 companies over the last 7 years, with an average of 2 new investments annually in the last 5 years. In 2025, it made 1 investment, while as of May 2026, it has made 1 investment in this year. Its most recent first time investment was in Dreambase and most recent follow-on round was in Credo.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 1 | 0 | 1 |
2024 | 1 | 1 | 2 |
2023 | 0 | 1 | 1 |
2022 | 6 | 0 | 6 |
2021 | 4 | 1 | 5 |
2020 | 1 | 0 | 1 |
2019 | 3 | 0 | 3 |
FirstMile Ventures' Investments by Stage
FirstMile Ventures has made 14 investments in Seed stage with an average round size of $2.39M and 3 investments in Series A stage with an average round size of $4.5M.Stage of entry | No. of Investments |
|---|---|
Seed | 14 |
Series A | 3 |
Note: We have considered here, only first round of investments
FirstMile Ventures' Investments by Sector
FirstMile Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Vertical SaaS, High Tech, Consumer and HealthTech. Notably, it has invested in 56 Tech companies, 50 Enterprise (B2B) companies, 42 Software companies and at least 21 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 10 |
Vertical SaaS | 5 |
High Tech | 4 |
Consumer | 3 |
HealthTech | 2 |
Others | 12 |
Note: We have considered here, only first round of investments
FirstMile Ventures' Investments by Geography
FirstMile Ventures has made most investments in United States (17).FirstMile Ventures' recent investments
FirstMile Ventures has made 1 investments in 2026 so far - Dreambase.Here are the most recent investments by FirstMile Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 01, 2026 | United States | Series A | 6473 | [+5] | |
Jan 09, 2025 | United States | Seed | 7437 | ||
Nov 07, 2024 | United States | Seed | 6088 | ||
Jan 05, 2024 | United States | Seed | 2790 | [+2] | |
Jun 07, 2023 | United States | Seed | 4876 |
Unicorns in FirstMile Ventures' Portfolio
FirstMile Ventures has 1 unicorn in its portfolio - Pax8. The most recent unicorn in their portfolio is Pax8 which became a unicorn in 2022, 4 years before FirstMile Ventures first invested in it.Here is a list of unicorns in FirstMile Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
69 | AI powered cloud marketplace | 2011 | Greenwood Village | Series E | guv{mpa |
Acquired companies in FirstMile Ventures' Portfolio
16 companies from FirstMile Ventures' portfolio have been acquired. The most recent acquisition was CaliberMind in Aug 2026 by Integrate for $*****.Here are FirstMile Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 26, 2026 | - | - | 2228 | |
Apr 16, 2024 | Sep 21, 2022 | Series A | 4233 | |
Oct 19, 2023 | - | - | 4320 | |
Jul 01, 2023 | Nov 09, 2020 | Seed | 9420 | |
Apr 27, 2022 | - | - | 6333 |
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Team profile of FirstMile Ventures
FirstMile Ventures has a team of 3 members including 2 Partners and 1 Venture Partner located in United States. FirstMile Ventures' team does not sit on the board of any company as of now.Here is a list of all team members in FirstMile Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Denver | - | ||
Partner | San Francisco | - | - | |
Venture Partner | Austin | - |
Co-investors of FirstMile Ventures
Over the past 7 years, 82 investors have co-invested in FirstMile Ventures's portfolio companies. This includes funds and angels.
- Invested before FirstMile Ventures: S3 Ventures, Pioneer Square Labs and 5 others have invested in rounds before FirstMile Ventures. There is 1 company where S3 Ventures has invested before FirstMile Ventures and 1 company where Pioneer Square Labs has invested before FirstMile Ventures.
- Top Co-investors of FirstMile Ventures: 55 investors entered a company along with FirstMile Ventures. These include investors like Service Provider Capital (5 companies).
- Invested after FirstMile Ventures: A total of 20 investors have invested in FirstMile Ventures's portfolio after their investments. Top Investors include HPA (2 companies), S3 Ventures (1 company) and Ivy Ventures (1 company).
Recent News related to FirstMile Ventures
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Dreambase Secures $3.7 Million in Funding Led by FelicisThe SaaS News•May 01, 2026•Active Capital, Felicis Ventures, Dreambase, Darkmode Ventures and 5 others
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Sale marks NJ’s largest suburban multi-tenant office trade in ’24NJBIZ•Jan 31, 2025•Cushman, FirstMile Ventures
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Morristown, New Jersey, office property trades for $118.5 millionCoStar•Jan 30, 2025•Pacific Coast Capital Partners, Onyx Equities, FirstMile Ventures
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First Mile Capital Acquires Multi-Tenant Morristown OfficesConnect Media•Jan 30, 2025•FirstMile Ventures
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Cloverleaf AI Raises $2.8 Million in Seed Funding, Launches Transformative Solutions for Government ContractingPR Newswire•Nov 07, 2024•Cloverleaf, Jackson Square Ventures, FirstMile, Techstars and 2 others
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Credo Health Announces Oversubscribed $5.25 Million Series Seed FundingPRWeb•Jan 05, 2024•Hannah Grey VC, FirstMile Ventures, Springtime Ventures, Credo and 2 others
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Karoo Health Raises $3.4M in Seed FundingFinSMEs•Jun 07, 2023•First Trust Capital Partners, Go Global, Inflect Health, Panoramic Ventures and 2 others
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Rook Raises $4.1 Million in Equity Along With Access to a Credit Facility, Affirming the Role of the Sharing Economy in Home Purchase Financing and AffordabilityACCESSWIRE•Sep 22, 2022•Rook, LL Funds, FirstMile Ventures, Kickstart Fund and 2 others
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Rook accesses $50M credit facility for equity homebuying programFinLedger•Sep 21, 2022•Rook, FinLedger, LL Funds, FirstMile Ventures and 3 others
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Cartonization company Paccurate closes $2.2M funding roundFreightWaves•May 03, 2022•Paccurate, Springtime Ventures, FirstMile Ventures, Grand Ventures
