First Analysis

First Analysis is a distinguished venture capital firm based in Chicago, United States, specializing in growth equity investments within the technology sector. With a long-standing history, the firm primarily targets established companies that have demonstrated proven products, customer traction, and revenue generation. Their investment thesis centers on high-growth opportunities across various technology verticals, including Software-as-a-Service (SaaS), Healthcare IT, FinTech, and Digital Media. This strategic focus allows First Analysis to leverage deep industry expertise and a robust network to identify and support promising enterprises.

The firm's investment approach emphasizes providing capital to companies poised for significant expansion, rather than early-stage seed or Series A rounds. First Analysis typically deploys initial investments ranging from $3 million to $10 million, positioning them as a key partner for companies seeking growth capital to scale operations, expand market reach, or develop new product lines. Beyond the initial capital injection, First Analysis is known for its commitment to portfolio companies, often providing substantial follow-on investments that can extend up to $25 million as companies achieve milestones and require further funding for accelerated growth.

First Analysis differentiates itself through a comprehensive value-add model that extends beyond mere capital provision. They offer extensive support through proprietary research, a vast network of industry relationships, and deep operational experience, assisting portfolio companies in navigating market challenges and capitalizing on opportunities. Over its history, First Analysis has invested over $800 million across more than 100 companies, demonstrating a consistent track record of backing innovative technology businesses and contributing to their long-term success. Their strategic guidance and financial backing aim to foster sustainable growth and create significant value for their portfolio.