# First In: portfolio, investments and team > First In is a vc firm based in United States. 5 investments on record, 4 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/first-in (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # First In Last cheque observed Oct 2026; 5 cheques on record. Email Deploying now New fund $17M, Sept 2026 VC firm Seed Series A Series B Smart Clothes IoT Defensetech Follow First In and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Ffirst-in) Deploying now **100%** of best year **4** **cheques in 12 months**, 5 on record Since the last cheque **24** days **00** hrs **00** min **00** sec Median round **$30M** Rounds led **2 of 5** Mostly in **United States, 100%** Pitch First In ## First In highlights - 01 4 cheques in the last 12 months - 02 Mostly Seed and Series B: 80% of its rounds - 03 Led 2 rounds ## What they do > we are SECURITY TECHNOLOGY investors From their own website - **Type:** VC firm (from a list, unverified) - **Cheque size:** Not stated - **Stages:** Seed Series A Series B - **Sectors:** Smart Clothes IoT Defensetech - **Based in:** Washington DC, United States - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **5 appearances** - **2026** 4 rounds - **Oct** **[Fortastra](https://millionrounds.com/company/fortastra)** Series A · US · Ventureburn **$30M** *Led* - **Aug** **[Smack Technologies](https://millionrounds.com/company/smack-technologies)** Series B · US · Ventureburn **$61M** With 6 others - **Apr** **[Cloneable](https://millionrounds.com/company/cloneable)** Seed · US · Crunchbase News **$4.6M** With 4 others - **Apr** **[Rilian](https://millionrounds.com/company/rilian)** Seed · US · TechStartups **$18M** *Led* - **2025** 1 round - **Jul** **[Castelion](https://millionrounds.com/company/castelion)** Series B · US · TechCrunch **$350M** With 11 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 Named by the firm itself, on a filing, its Form ADV or its company registration **4 named** AK **Arthur Karell** ISSUER'S MANAGING MEMBER. i Filing they signed FR **Forbes Reynolds McPherson** ISSUER'S MANAGING MEMBER. i Filing they signed JN **Jeremy Neilson** Managing Director of the Issuer's Manager i Filing they signed RT **Richard Thoms** Officer of the Issuer's Manager i Filing they signed We also hold **4** 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 the register says From the firm's own filings with the SEC, which it must file accurately by law **$851M** gross assets of its funds Oct 2026 **5+** funds on file numbered funds in its name **Exempt** reporting adviser venture or small private funds - **Legal name:** First IN Ventures Management, Inc. - **SEC number:** CRD 341863 ## What they claim to have backed From their own portfolio page (on their website) **13** of 22 we have independently watched raise [360privacy](https://millionrounds.com/company/360-privacy)[Anduril](https://millionrounds.com/company/anduril-industries)[Antithesis](https://millionrounds.com/company/antithesis)[Anysignal](https://millionrounds.com/company/anysignal)[Castelion](https://millionrounds.com/company/castelion)[Precog](https://millionrounds.com/company/precog)[Pryzm](https://millionrounds.com/company/pryzm)[Rilian](https://millionrounds.com/company/rilian)[Shift5](https://millionrounds.com/company/shift5)[Smacktechnologies](https://millionrounds.com/company/smack-technologies)[Tidalcyber](https://millionrounds.com/company/tidal-cyber)[Vanguarddefense](https://millionrounds.com/company/vanguard-defense)[Zerotier](https://millionrounds.com/company/zerotier) Acquired Cavhq Hoplynk Mothandflamevr Openpolicy Pixmsecurity Scatrcorp Twosense Volundmfg 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. New fund on file **$17M** raised in Sept 2026 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Seed Series A Series B Median round joined **$30M** the round, not its cheque Led 2 of 5 rounds **40%** - **Sole investor:** Never alone - **Last cheque:** Oct 2026 Rounds by stage said on their site - Seed said *2* - Series B said *2* - Series A said *1* Cheques by month Led Joined Dec 2023 Nov 2026 **Pitching First In?** 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 *→* ## Recently backed The latest companies First In put money into. [**Fortastra** $30M · Oct 2026](https://millionrounds.com/company/fortastra)[**Castelion** $350M · Jul 2025](https://millionrounds.com/company/castelion) ## Mentioned on podcasts Episodes that name First In in their description, not their title. - [The Full Ratchet](https://millionrounds.com/podcasts/full-ratchet) 31 Aug 2026 · 44 min 516. AI Cost Structures and Pricing, Proprietary Data Sets That Create Moats, and a Clear Method for Determining Which Problem to Solve First (Vivek Vaidya) With [Vivek Vaidya](https://millionrounds.com/person/vivek-vaidya) Mentions [First In](https://millionrounds.com/fund/first-in) Apple PodcastsShow page - [VC10X](https://millionrounds.com/podcasts/vc10x) 11 May 2023 · 37 min VC10X - Investing in Emerging Markets - Anuj Mehta, India Investment Lead, Rise Capital With [Anuj Mehta](https://millionrounds.com/person/anuj-mehta) Mentions [Rise Capital](https://millionrounds.com/fund/rise-capital)[Entrepreneur First](https://millionrounds.com/fund/entrepreneurs-first)[First In](https://millionrounds.com/fund/first-in) *+1* Apple PodcastsShow page - [The Full Ratchet](https://millionrounds.com/podcasts/full-ratchet) 13 Jan 2022 · 27 min 315. 2022 Predictions P2: Web 3.0 Dorsey vs. Andreesen, Crypto's Killer App, Omicron's Staying Power, Which FAANG Co. Loses to Anti-Trust First (Ramy Adeeb) With [Ramy Adeeb](https://millionrounds.com/person/ramy-adeeb) Mentions [First In](https://millionrounds.com/fund/first-in) Apple PodcastsShow page ## Quick answers about First In ### What does First In invest in? First In invests most often at Seed and Series B (80% of the rounds on record), in sectors such as Smart Clothes, IoT and Defensetech. ### How active is First In? 5 investments on record, 4 of them in the last 12 months, and it led 2. The most recent was in Oct 2026. ### What has First In invested in recently? Its most recent investments on record: Fortastra (Series A, Oct 2026), Smack Technologies (Series B, Aug 2026) and Cloneable (Seed, Apr 2026). ### How big are First In's cheques? The median round it joins is $30M. ### Does First In lead rounds? Yes: it led 2 of its 5 investments on record (40%). ### Where does First In invest? Most of the companies it backs are in the United States (100%). ### Is First In investing now? Yes: it is actively investing, with 4 investments in the last 12 months. ### What kind of investor is First In? First In is a VC firm based in Washington DC, United States. ## 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-in) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=first-in)