First In raised nearly 7x more for Fund III with help from Uncle Sam
Monday, March 23, 2026 · first reported by Venture Capital Journal
First In, a VC firm led by two ex-Marines, closed Fund III at $148 million, achieving nearly 7x its initial target thanks to certification as a Critical Technology Fund by the US Small Business Administration and Department of War. The certification program provides enhanced support for venture funds investing in critical technologies.
- Firm
- First In
- Fund
- First In Fund III
- Size
- $148M
- Stage
- Final close
- Asset class
- Venture
- Geography
- North America
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
Coverage
1 source- DIG Ventures raises $120m third fund to target Europe’s AI infrastructure startupsAltAssets +1
- Sofia-based LAUNCHub Ventures secures €65 million first close of Fund III; targets €75 million+EU-Startups +4
- Stride Consumer grows fund 30% with $550m hard-cap close after four-month raiseAltAssets +1
- Forty.5 Ventures Closes a $30M First Fund to Move SEE Founders Onto the World StageThe Recursive
- SEC charges Meyer Global Management, CEO with defrauding investors in SpaceX pre-IPO fundPensions & Investments +1
- Two Google alumni raise $11.3M to back AI startups that enterprises will actually pay forTechCrunch +1