# First Capital Group: portfolio, investments and team

> First Capital Group is an investment bank based in Côte d’Ivoire. 9 investments on record, latest Aug 2011. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/first-capital-group (Millionrounds; every figure on the page links to its filing or article)

Côte d’Ivoire · [Investor](https://millionrounds.com/investors)

# First Capital Group

Last cheque observed Aug 2011. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet Investment bank

Series B Venture Debt Financial Services

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 9 on record

Since the last cheque **5537** days **00** hrs **00** min **00** sec

Median round **$8.0M** Rounds led **0 of 9** Sole investor **1 rounds** Exits **2 from the portfolio** Mostly in **United States, 67%**

Pitch First Capital Group

## First Capital Group highlights

- 01 9 rounds on record
- 02 Mostly Series B and Venture: 67% of its rounds
- 03 Sole investor in 1 rounds, median $10M
- 04 2 exits from the portfolio

## What they do

> First Capital Group is an independent investment banking and strategic advisory firm focused on Africa. From their own website

- **Type:** Investment bank
- **Cheque size:** Not stated
- **Sectors:** Financial Services
- **Based in:** Abidjan, Côte d’Ivoire
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **9 appearances**

- **2011** 1 round
- **Aug** **[First Service Networks](https://millionrounds.com/company/first-service-networks)** Debt · US · fis.dowjones.com **$10M** Sole investor
- **2007** 1 round
- **Oct** **[Bluestreak Technology](https://millionrounds.com/company/bluestreak-technology)** Series D · CA · marketwire.com **$20M** With 4 others
- **2006** 2 rounds
- **Aug** **[Bluestreak Technology](https://millionrounds.com/company/bluestreak-technology)** Series C · CA · goliath.ecnext.com **$8.0M** With 2 others
- **Jan** **[NovusEdge](https://millionrounds.com/company/novusedge)** Series B · US · findarticles.com **$6.5M** With 2 others
- **2005** 4 rounds
- **Sept** **[Wellogix](https://millionrounds.com/company/wellogix)** Venture · US · wellogix.com **$8.0M** With 1 other
- **Jun** **[Mimix Broadband](https://millionrounds.com/company/mimix-broadband)** Venture · US **$8.5M** With 2 others
- **Apr** **[Bluestreak Network](https://millionrounds.com/company/bluestreak-network)** Series B · US **$6.0M** With 2 others
- **Apr** **[Bluestreak Technology](https://millionrounds.com/company/bluestreak-technology)** Series B · CA · encyclopedia.com **$6.0M** With 2 others
- **2003** 1 round
- **Nov** **[Mimix Broadband](https://millionrounds.com/company/mimix-broadband)** Series B · US **$1.3M** With 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **11** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## Exits from the portfolio

Companies it backed that were later bought or listed **2 in all**

**[Bluestreak Technology](https://millionrounds.com/company/bluestreak-technology)** Bought by Espial Group **Undisclosed** Jun 2015

**[Mimix Broadband](https://millionrounds.com/company/mimix-broadband)** Bought by M/A-COM **Undisclosed** May 2010

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Series B Venture Debt

Median round joined **$8.0M** the round, not its cheque Alone, median **$10M**

Led 0 of 9 rounds **0%**

- **Sole investor:** 1 rounds
- **Last cheque:** Aug 2011
- **Exits:** 2 from the portfolio

Rounds by stage said on their site

- Series B *4*
- Venture *2*
- Debt *1*
- Series C *1*
- Series D *1*

Cheques by year Led Joined

2003 2011

Often in the room with

- [BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) 4
- [Fonds de solidarite Ftq](https://millionrounds.com/fund/fonds-de-solidarite-ftq) 3
- [3i Group](https://millionrounds.com/fund/3i-group) 2
- [Gefinor Capital](https://millionrounds.com/fund/gefinor-capital) 2

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## Who they invest alongside

The investors most often in the same rounds as First Capital Group. A count of rooms they were both in, not a relationship either has claimed.

[**BDC Capital** VC firm **4** rounds together](https://millionrounds.com/fund/bdc-venture-capital)[**Fonds de solidarite Ftq** VC firm **3** rounds together](https://millionrounds.com/fund/fonds-de-solidarite-ftq)[**3i Group** Private equity **2** rounds together](https://millionrounds.com/fund/3i-group)[**Gefinor Capital** Investment firm **2** rounds together](https://millionrounds.com/fund/gefinor-capital)

## Quick answers about First Capital Group

### What does First Capital Group invest in?

First Capital Group invests most often at Series B and Venture (67% of the rounds on record), in sectors such as Financial Services.

### How active is First Capital Group?

9 investments on record, 0 of them in the last 12 months. The most recent was in Aug 2011.

### How big are First Capital Group's cheques?

The median round it joins is $8.0M.

### Does First Capital Group lead rounds?

Rarely, if at all: none of its 9 investments on record names it as the lead.

### Where does First Capital Group invest?

Most of the companies it backs are in the United States (67%) and Canada (33%).

### Is First Capital Group investing now?

No investments in the last 12 months; the latest was in Aug 2011.

### Who does First Capital Group invest alongside?

Most often BDC Capital (4 rounds together), Fonds de solidarite Ftq (3 rounds together) and 3i Group (2 rounds together).

### What kind of investor is First Capital Group?

First Capital Group is an investment bank based in Abidjan, Côte d’Ivoire.

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