First Star Ventures

What is First Star Ventures?

First Star Ventures, headquartered in Cambridge, Massachusetts, is a venture capital firm with a focus on equity investments in the range of $100,000 to $10,000,000, with a sweet spot around $1,000,000.

They specialize in Pre-Seed, Seed, Early Stage, Series A, and Convertible Note investments. They manage assets totaling $25,000,000 and pride themselves on investing with conviction in visionary, technical founders who are inventing the future through deep technology.

Their investment thesis is centered around a belief in transformative computing technologies, including artificial intelligence (AI), machine learning (ML), decentralization, edge computing, and techbio.

First Star Ventures is sector-agnostic but targets startups involved in Software (Web Marketplace SaaS, etc.), BioTech, Business Solutions, FinTech, IoT, CleanTech, HealthTech, Blockchain, Cloud Services, Developer tools, Insurance, Logistics, Medical Devices, Robotics, DeepTech, Healthcare, Consumer, and Pharmaceuticals.

They prefer to support teams and technologies rather than established traction, with no project being perceived as too early.

First Star Ventures is led by a team of experienced partners such as Drew Volpe and Millie Liu, who bring significant expertise in technology and entrepreneurship to the table. The firm offers more than capital to its portfolio companies, providing mentorship and access to a network of strategic partners across industries to help startups grow rapidly.

What they say:

We invest in entrepreneurs solving real-world problems with deep technology in data, machine learning, decentralization, and frontier technologies such as AI, computational biotech, connected sensors, AR/VR, and blockchain. We focus on teams and technologies, not traction. Nothing is too early.