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First Step Fund

North America, Michigan, United States, Detroit

Description

First Step Fund is a seed- and early-stage fund that aims to invest in high-growth emerging companies.

Investor Profile

First Step Fund has backed more than 13 startups, with 0 new investments in the last 12 months alone. The firm has led 0 rounds, about 0% of its total and boasts 3 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series Unknown rounds (top funding stages).
  • Majority of deals are located in United States.
  • Strong thematic focus on Software, Information Technology, Education.

Stage Focus

  • Seed (62%)
  • Series A (31%)
  • Series Unknown (8%)

Country Focus

  • United States (100%)

Industry Focus

  • Software
  • Information Technology
  • Education
  • Crm
  • Enterprise Software
  • Gamification
  • Sales Automation
  • Marketing
  • Advertising
  • Video
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does First Step Fund frequently co-invest with?

Resonant Venture Partners
Resonant Venture Partners
North America, Michigan, United States, Ann Arbor
Co-Investments: 1
CKM Capital Partners
CKM Capital Partners
North America, Michigan, United States, Ann Arbor
Co-Investments: 2
Huron River Ventures
Huron River Ventures
North America, Michigan, United States, Ann Arbor
Co-Investments: 3
BT
Bullet Time Venture Partners
North America, Colorado, United States, Boulder
Co-Investments: 1
Ann Arbor SPARK
Ann Arbor SPARK
North America, Michigan, United States, Ann Arbor
Co-Investments: 3
TA
The Amherst Fund
North America, Michigan, United States, Ann Arbor
Co-Investments: 2
Hyde Park Venture Partners
Hyde Park Venture Partners
North America, Illinois, United States, Chicago
Co-Investments: 3
Detroit Venture Partners
Detroit Venture Partners
North America, Michigan, United States, Detroit
Co-Investments: 3
R/GA Ventures
R/GA Ventures
North America, New York, United States, New York
Co-Investments: 1
North Coast Technology Investors
North Coast Technology Investors
North America, Michigan, United States, Ann Arbor
Co-Investments: 3

Which angels does First Step Fund often collaborate with?

MP
Mark Pincus
North America, Colorado, United States, Aspen
Shared Deals: 1
JS
Josh Silverman
North America, New York, United States, New York
Shared Deals: 1
David Fry
David Fry
North America, Michigan, United States, Ann Arbor
Shared Deals: 2
R. Martin Roscheisen
Shared Deals: 1
Lior Prosor
Lior Prosor
Asia, Israel
Shared Deals: 1
JK
Jared Kopf
North America, California, United States, San Francisco
Shared Deals: 1
JC
Jeffrey Clarke
North America, New York, United States, Rochester
Shared Deals: 1
Rick Inatome
Shared Deals: 2
LG
Lisa Gansky
North America, California, United States, San Francisco
Shared Deals: 1
KO
Konstantin Othmer
North America, California, United States, Mountain View
Shared Deals: 1

What are some of recent deals done by First Step Fund?

Cribspot

Ann Arbor, Michigan, United States

Cribspot is an online platform for college students and property managers that streamlines finding and leasing off-campus housing.

EducationInternetReal EstateRental
SeedJun 1, 2016
Amount Raised: $1,750,000
Cribspot

Ann Arbor, Michigan, United States

Cribspot is an online platform for college students and property managers that streamlines finding and leasing off-campus housing.

EducationInternetReal EstateRental
SeedSep 21, 2014
Amount Raised: $660,000
Algal Scientific

Plymouth, Michigan, United States

Algal Scientific serves the animal feed, human nutrition, and wastewater treatment industries.

AgricultureAnimal FeedBiotechnologyFood and BeverageHealth CareNutraceuticalWater
Series AApr 28, 2014
Amount Raised: $3,000,000
VNN

Grand Rapids, Michigan, United States

VNN is the largest and fastest growing high school sports marketing & communications platform in America.

Higher EducationInformation TechnologyMarketingSports
Series AFeb 17, 2014
Amount Raised: $3,000,000
LevelEleven

Detroit, Michigan, United States

LevelEleven specializes in the fields of gamification, sales contests, KPI management, and performance management software.

CRMEnterprise SoftwareGamificationInformation TechnologySales AutomationSoftware
SeedSep 1, 2013
Amount Raised: $2,100,000
Filament

Reno, Nevada, United States

Filament builds blockchain hardware & software solutions for enterprise and IoT.

BitcoinBlockchainHardwareIndustrialInternet of ThingsSoftware
SeedAug 19, 2013
Amount Raised: $1,000,000
Seelio

Ann Arbor, Michigan, United States

Seelio is a student portfolio network enabling college students and educators to document and showcase their work.

E-LearningEdTechEducation
SeedApr 23, 2013
Amount Raised: $900,000
LevelEleven

Detroit, Michigan, United States

LevelEleven specializes in the fields of gamification, sales contests, KPI management, and performance management software.

CRMEnterprise SoftwareGamificationInformation TechnologySales AutomationSoftware
SeedApr 11, 2013
Amount Raised: $500,000
Waymark (formerly Stik)

Detroit, Michigan, United States

Grow your business with anyone-can-edit video from Waymark.

AdvertisingArtificial Intelligence (AI)Digital MarketingSoftwareVideo
Series AMar 4, 2013
Amount Raised: $2,300,000
Fusion Coolant Systems

Canton, Michigan, United States

Fusion Coolant Systems provides advanced coolant and lubrication systems.

AutomotiveDeveloper ToolsManufacturing
Series AJan 16, 2013
Amount Raised: $600,000
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