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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 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 |
Key people at First Fund.
First Fund was founded in 2020 by Samarth Chandola (Founder).