FirstMark Capital

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FirstMark Capital
Private
IndustryPrivate Equity
Founded2008 as FirstMark Capital
HeadquartersNew York City, U.S.
Key people
Greg Raiten
David Rogg
ProductsVenture capital
Websitewww.firstmarkcap.com

FirstMark Capital is a venture capital firm based in New York City. FirstMark invests in early-stage technology companies, frequently as the first institutional investor.

Among the firm's areas of focus are Big Data, Artificial Intelligence, healthcare, enterprise applications, education, financial technology, e-commerce, and marketing technology.[1]

History[edit]

FirstMark was founded in 2008 as a spinoff of Pequot Capital Management's Pequot Ventures.[2]

Investments[edit]

The firm's most notable current investments include Pinterest,[3] InVision,[4] Dashlane,[5] Lumosity,[6] Starry,[7] Hubble Contacts,[8] and Dataiku.[9] FirstMark was also an investor in Shopify[10] (NYSE: SHOP), Riot Games (acquired by Tencent Holdings),[11] Aveksa[12] (acquired by EMC), Tapad (acquired by Telenor),[13] Boomi (acquired by DELL),[14] and StubHub (acquired by eBay).[15]

FirstMark focuses on Series A and Seed-stage investments, with capital reserved for follow-investments. It closed its latest funds in June 2016, with $480MM in capital commitments.[16]

In addition to its investment team, the firm employs team members focused on areas like corporate development, talent, and community[17] who are responsible for supporting FirstMark companies after an investment. FirstMark also organizes four NYC-based communities revolving around Artificial Intelligence & Big Data,[18] design and product management,[19] emerging and frontier technology,[20] and software development.[21]

References[edit]

  1. ^ Geron, Tomio (15 June 2016). "FirstMark Capital Raises $480M for Two New Funds". Wall Street Journal. Retrieved 21 December 2018.
  2. ^ "Pequot to Separate Its V.C. and Hedge Fund Units". New York Times. 4 March 2008. Retrieved 21 December 2018.
  3. ^ "Pinterest". Crunchbase. Retrieved 2017-11-26.
  4. ^ Ha, Anthony. "InVision Raises $1.5M For Beautiful, Interactive Prototypes". TechCrunch. Retrieved 2017-11-26.
  5. ^ Dashlane Passes 2M Users, Collects $22M For Its Client-Based Password Manager. TechCrunch, May 19, 2014
  6. ^ Lumos Labs Raises $3 Million. VentureBeat, June 3, 2008
  7. ^ "Aereo's Founder Is Back With Starry. This Time He's Going After Broadband, Not TV". Recode. Retrieved 2017-11-26.
  8. ^ "Contact lens brand Hubble scores funding from FirstMark Capital, others". bizjournals.com. Retrieved 2017-11-26.
  9. ^ Dataiku. "Dataiku Secures $14 Million Series A". Retrieved 2017-11-26.
  10. ^ Shopify Raises $7 Million Series A Funding
  11. ^ China's Tencent Buys Riot Games for $400 Million
  12. ^ McBride, Ryan. "Investors Back Growing Bay State Software Firms Aveksa and Apparent Networks in Pair of Series C Financings". xconomy. Retrieved 5 April 2013.
  13. ^ Lunden, Ingrid. "Telenor Jumps Into Ad Tech, Acquires Tapad For $360M". TechCrunch. Retrieved 2016-07-27.
  14. ^ Dell to Acquire Boomi
  15. ^ EBay Will Buy StubHub for $310 Million. New York Times, January 11, 2007
  16. ^ "Announcing Our Newest Funds | FirstMark Capital - New York City Venture Capital". firstmarkcap.com. Retrieved 2016-07-27.
  17. ^ "Team Members Archive - FirstMark". FirstMark. Retrieved 2017-11-26.
  18. ^ "Data Driven NYC". firstmarkcap.com. Retrieved 2017-11-26.
  19. ^ "Design Driven NYC". firstmarkcap.com. Retrieved 2017-11-26.
  20. ^ "Hardwired NYC". firstmarkcap.com. Retrieved 2017-11-26.
  21. ^ "Code Driven NYC". firstmarkcap.com. Retrieved 2017-11-26.

External links[edit]