# First Fund

First Fund is a Private Equity based in Vancouver, Canada.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Vancouver, Canada
- **Region:** North America
- **Address:** #301 - 134 Abbott Street, Vancouver, BC, Canada
- **Founded:** 1990
- **Assets under management:** Undisclosed
- **Website:** thefirst.vc
- **LinkedIn:** https://www.linkedin.com/company/first-fund

## Regulatory record

- **Reports private funds:** No

## About

Canada’s most active pre-seed investment fund. | First Fund is Canada's most active pre-seed fund. We help entrepreneurs turn bold ideas into transformative international businesses. We globally invest up to $250,000 as early as the pitch-deck stage while providing talented teams access to a strategic network of resources and support required to scale.

## Sectors

- Enterprise Software
- AI/ML
- PropTech

## Questions

### What does First Fund mean by investing in 'Sports Cars' instead of 'Unicorns'?

The firm rejects the 'growth-at-all-costs' model that traditional VC imposes in pursuit of unicorn outcomes. It instead targets companies with strong underlying unit economics that can reach a $20–$100 million exit — vehicles it calls 'Sports Cars' — as a path to sustainable returns without the pressure of achieving venture-scale outcomes.

### How does First Fund source its pre-seed deal flow?

Rather than relying entirely on inbound founder applications, First Fund publishes a list of 'Open Challenges' on its website — specific, pre-identified industry problems where the firm has domain expertise and is actively seeking technology-powered solutions. Founders solving these problems receive prioritized application review, giving the firm a structured, thesis-driven sourcing channel.

### Does First Fund participate in fund commitments or only direct startup investments?

All available evidence points exclusively to direct pre-seed equity investments. The firm writes checks of up to $250,000 into startups, often at the pitch-deck stage, and makes no mention of participating as a limited partner in other venture funds.

## Related profiles

- [FirstFloor Capital](https://altss.com/profile/firstfloor-capital)
- [First Gate](https://altss.com/profile/first-gate)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/first-fund

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