FAQs

Does First Fund invest in non-Canadian Startups?

Yes, First Fund invests in Startups from all over the world.

Can I apply for First Fund Investment even if I am beyond the pre-seed stage?

Yes! Although our main focus is pre-seed, we do invest all the way up to the seed stage.

Can I apply for First Fund Investment as part of a larger fundraising round that I’m doing?

Yes! We will evaluate the opportunity through our usual spectrum, and can either lead the round, or consider following if the raise is large enough.

What if I need more than $250K to create a MVP, would First Fund still invest?

Our key focus is startups that do not require more than $250K to create a MVP. However, we do join fundraising rounds with syndicates when startups are raising a larger amount.

How much does First Fund usually invest?

Our focus is to increase the birth rate of new startups, and so we prefer seeding a large number of startups. Our cheque sizes vary between $100K - $250K.

Will First Fund invest in future rounds?

Not from the main fund, as our focus is to help as many entrepreneurs get that initial kickstart for their journey. Having said that, we do ask for the right to invest in future rounds, as we may announce an Opportunity Fund in the future, which will focus on further investing in portfolio companies.