First Star (fka Procyon Ventures)

What is First Star (fka Procyon Ventures)?

First Star, formerly known as Procyon Ventures, is an investment firm with a strong focus on frontier computing technology. They invest with conviction in visionary, technical founders who are at the forefront of inventing the future, specifically aiming to create a better future through technology such as AI/ML, decentralization, edge computing, and techbio.

Their investment strategy emphasizes the pre-seed and seed stages with an investment size ranging from a minimum of $100,000 to a maximum of $2,000,000, and a sweet spot of around $500,000. First Star leverages its team's extensive experience and a broad network of strategic partners across various industries and regions to support hard computing tech startups in thinking big and growing fast.

The team at First Star is composed of individuals with a proven track record of success in technology, investing, and entrepreneurship. Founding Partner Drew Volpe has a background in search, machine learning, sensors, mobile, computational bio, and blockchain technologies, and has been involved in startups that achieved significant acquisitions.

Millie Liu, also a Founding Partner, has dedicated her career to assisting deep technology entrepreneurs in transforming their ideas into globally successful businesses. Principal Teddy Blank specializes in the growth of companies from their early stages, helping them acquire their first customers.

The firm prides itself on making quick decisions to lead investments, even during the nascent stages of a company, such as pre-seed. The testimonials on their website reflect the positive impact of their supportive partnership and the practical and empathetic guidance they provide to their portfolio companies.

With their headquarters at 245 Main Street, Cambridge, MA, and an open communication line through contact@firststar.vc, First Star remains a reputable and approachable investor in the deep technology startup ecosystem.