FirstMile Ventures

FirstMile Ventures is a Colorado Springs-based venture capital firm established in 2014, specializing in pre-seed and seed-stage technology companies across various sectors. The firm is known for its hands-on approach, often taking a lead or co-lead position in funding rounds. Their investment strategy is centered on identifying promising early-stage startups with strong potential for growth and disruption, providing both capital and strategic guidance to help founders scale their businesses.

The firm typically deploys initial checks ranging from $250,000 to $1,000,000, with an average initial investment size of $500,000. This flexibility allows them to support a diverse range of early-stage ventures. FirstMile Ventures has built a robust portfolio, having invested in over 70 companies since its inception. Their commitment extends beyond capital, as they aim to provide strategic guidance and operational support to their portfolio companies, fostering long-term success.

Currently, FirstMile Ventures is actively deploying capital from its third fund, Fund III, which has a total size of $25 million. This fund reinforces their continued focus on early-stage innovation and their capacity to support a new wave of technology companies. The firm's partners, Todd Morrill and Ryan R. Angilly, lead the investment efforts, leveraging their experience to guide startups through critical growth phases. FirstMile Ventures positions itself as a crucial early partner for founders, helping them navigate the initial challenges of building a scalable business.