FIRSTMILE VENTURES, LLC

Thesis

FirstMile Ventures is a venture capital firm founded in 2010, formerly known as PV Ventures, with a headquarters in Colorado Springs, Colorado. The firm manages at least $27 million across multiple funds. Their investment thesis focuses on partnering early with strong founding teams who have unique visions, rather than following trends. They adopt a 'partner-only' approach, offering hands-on support to build category-defining companies. Their geographic focus is on emerging tech hubs in Colorado and Texas, seeking talent and density outside traditional coastal centers. While they invest broadly in technology, they emphasize B2B software, infrastructure technologies, enterprise software, Web3/crypto, life sciences, consumer products, and business services. FirstMile Ventures typically invests in companies that have raised less than $1.5 million previously. Their initial check size ranges from $150,000 to $600,000, with a sweet spot of $300,000 to $800,000 in their current fund for rounds totaling $500,000 to $2,000,000. They reserve capital for follow-on rounds, aiming to help companies reach Series A, and they follow or help syndicate rather than lead rounds. They review submissions through a 'Pitch Us' form on their website.

Related lists

• Pre-seed Enterprise investors
• Seed-stage Enterprise investors
• Series A Enterprise investors