# First Citizens Bank: portfolio, investments and team > First Citizens Bank is a vc firm. 4 investments on record, 3 in the last 12 months, latest Aug 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/first-citizens-bank (Millionrounds; every figure on the page links to its filing or article) [Investor](https://millionrounds.com/investors) # First Citizens Bank Last cheque observed Aug 2026; 4 cheques on record. Email VC firm Deploying now Debt Banking Follow First Citizens Bank and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Ffirst-citizens-bank) Deploying now **100%** of best year **3** **cheques in 12 months**, 4 on record Since the last cheque **80** days **00** hrs **00** min **00** sec Median round **$525M** Rounds led **2 of 4** Pitch First Citizens Bank ## First Citizens Bank highlights - 01 3 cheques in the last 12 months - 02 Mostly Debt: 100% of its rounds - 03 Led 2 rounds ## What they do - **Type:** VC firm (from a list, unverified) - **Cheque size:** Not stated - **Sectors:** Banking - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **4 appearances** - **2026** 3 rounds - **Aug** **[Dimension Energy](https://millionrounds.com/company/dimension-energy)** Debt · US · Ventureburn **$857M** With 7 others - **May** **[Spearmint Energy](https://millionrounds.com/company/spearmint-energy)** Debt · US · Ventureburn **$450M** *Led* - **May** **[Solar Landscape](https://millionrounds.com/company/solar-landscape)** Debt · US · Ventureburn **$600M** *Led* - **2023** 1 round - **Nov** **[Strata Clean Energy](https://millionrounds.com/company/strata-clean-energy)** Debt · US · Firms' own news pages **$300M** 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 **8** 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. ## What they claim to have backed From their own portfolio page (on their website) **0** of 9 we have independently watched raise Bank Websites Banzai Resources Find an ATM Go-Retire Portal LPL Financial Form CRS Order Business Checks Order Personal Checks Secure Email Trust Services Online Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded. ## Companies it bought Acquisitions by the firm itself **TCNB** **$17M** Sept 2014 ## The cheque Debt Median round joined **$525M** the round, not its cheque Led 2 of 4 rounds **50%** - **Sole investor:** Never alone - **Last cheque:** Aug 2026 Rounds by stage said on their site - Debt *4* Cheques by month Led Joined Dec 2023 Nov 2026 Often in the room with - [ING Group](https://millionrounds.com/fund/ing-group) 2 - [National Bank of Canada](https://millionrounds.com/fund/national-bank-of-canada) 2 - [Nuveen Energy Infrastructure Credit](https://millionrounds.com/fund/nuveen-energy-infrastructure-credit) 2 **Pitching First Citizens Bank?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as First Citizens Bank. A count of rooms they were both in, not a relationship either has claimed. [**ING Group** Growth equity **2** rounds together](https://millionrounds.com/fund/ing-group)[**National Bank of Canada** Private equity **2** rounds together](https://millionrounds.com/fund/national-bank-of-canada)[**Nuveen Energy Infrastructure Credit** Investment firm **2** rounds together](https://millionrounds.com/fund/nuveen-energy-infrastructure-credit) ## Recently backed The latest companies First Citizens Bank put money into. [**Spearmint Energy** $450M · May 2026](https://millionrounds.com/company/spearmint-energy)[**Solar Landscape** $600M · May 2026](https://millionrounds.com/company/solar-landscape)[**Strata Clean Energy** $300M · Nov 2023](https://millionrounds.com/company/strata-clean-energy) ## On podcasts 1 episode naming First Citizens Bank in the title. - [Business Breakdowns](https://millionrounds.com/podcasts/business-breakdowns) 7 Jun 2023 · 1h 3m First Citizens Bank: The Bank Buyers - [Business Breakdowns, EP.114] Mentions [First Citizens Bank](https://millionrounds.com/fund/first-citizens-bank) Apple PodcastsShow page ## Quick answers about First Citizens Bank ### What does First Citizens Bank invest in? First Citizens Bank invests most often at Debt (100% of the rounds on record), in sectors such as Banking. ### How active is First Citizens Bank? 4 investments on record, 3 of them in the last 12 months, and it led 2. The most recent was in Aug 2026. ### What has First Citizens Bank invested in recently? Its most recent investments on record: Dimension Energy (Debt, Aug 2026), Spearmint Energy (Debt, May 2026) and Solar Landscape (Debt, May 2026). ### How big are First Citizens Bank's cheques? The median round it joins is $525M. ### Is First Citizens Bank investing now? Yes: it is actively investing, with 3 investments in the last 12 months. ### Who does First Citizens Bank invest alongside? Most often ING Group (2 rounds together), National Bank of Canada (2 rounds together) and Nuveen Energy Infrastructure Credit (2 rounds together). ### What kind of investor is First Citizens Bank? First Citizens Bank is a VC firm. ### When was First Citizens Bank founded? First Citizens Bank was founded in 1994. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=first-citizens-bank) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=first-citizens-bank)