Profile
First Star Ventures is a venture capital firm based in Cambridge, Massachusetts, founded in 2014. The firm is led by a small team of three professionals, including partners Drew Volpe and Teddy Blank. They focus on investing in deeply technical founders who are transforming industries through the application of frontier technologies like AI, computational biotech, and robotics. Their approach is characterized by a strong emphasis on data-driven decision-making and a commitment to supporting visionary entrepreneurs.
First Star Ventures primarily invests in early-stage startups, particularly in the pre-seed and seed stages. Their sector focus includes AI, biotech, climate tech, and deeptech, with a geographical emphasis on the United States. The firm typically writes checks ranging from $100K to $1M. They have a history of co-investing with other notable venture capital firms and offer additional opportunities to their LPs through SPVs or direct investments.
Notable investments by First Star Ventures include Jellyfish - a software engineering intelligence platform, Zanskar - an AI-native geothermal developer, Throne - a smart toilet-mounted sensor company, PlusOne Robotics - a robotics company, Oort - a cybersecurity firm, and Swiftly - a company focused on transportation solutions. These investments highlight their commitment to backing companies that leverage advanced technologies to address complex challenges.
Industry
First Star Ventures Funds
| Name | Type |
|
|
|
Size | AUM | Launch date |
|---|---|---|---|---|---|---|---|
|
First Star Venture Fund I
|
Venture Capital (VC)
|
Healthcare Services
Media and Entertainment
SaaS
Security
Software
Energy
CleanTech
HealthTech
|
Pre-seed
Seed
|
North America
|
$5-10 m
|
$40 M
|
February 2014
|
Contacts
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