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Key people at First Fund.
First Fund was founded in 2020 by Samarth Chandola (Founder).
First Fund operates as Canada's most active pre-seed investment fund, providing capital and strategic support to early-stage technology companies. The firm specializes in committing up to $250,000 to promising startups as early as the pitch-deck stage, focusing on strong founding teams and well-articulated plans rather than requiring established traction. This approach supports nascent ventures that might otherwise struggle to secure initial funding.
The fund was established by experienced entrepreneurs who identified a critical gap in early-stage financing. Their insight was that traditional venture capital often demands significant traction before investment, forcing founders into self-funding or personal loans. First Fund was formed to address this by investing in people and ideas at their earliest inception, aiming to provide a vital runway for innovation before conventional metrics are available.
First Fund primarily serves entrepreneurs with bold visions who are building sustainable, impactful businesses. The firm champions founders creating ventures with a strong focus on viable business models and steady growth, often referred to as "horses" rather than "unicorns." Its long-term vision is to significantly contribute to the startup ecosystem by launching numerous new tech companies, curbing founder brain drain and fostering the growth of robust enterprises.
First Fund was founded in 2020 by Samarth Chandola (Founder).
Key people at First Fund.
First Fund has 2 tracked investments across 2 companies. The latest tracked deal is $25K Seed in Periculum in March 2022.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Mar 1, 2022 | Periculum | $25K Seed | — | Expert Dojo, Shashank Deshpande, Loyal VC, White Hibiscus Capital |
| Jan 1, 2022 | River BioMedics | $2.0M Seed | — | BGV (biogeneration Ventures), Kikk Capital, Libertatis Ergo Holding, Oost NL |