First In raised nearly 7x more for Fund III with help from Uncle Sam
Monday, March 23, 2026 · first reported by Venture Capital Journal and 1 other
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
2 sourcesMore in Venture capital
From the same day- Lead Edge Capital scores biggest capital raise yet with oversubscribed $3.5bn Fund VIIAltAssets
- Air Street becomes one of the largest solo VCs in Europe with $232M fundTechCrunch +2
- Somerset Indus Capital closes Fund III at $288 million to target healthcare access gaps in Tier 2, 3 IndiaIndian Startup News +1
- Despite bitter rivalry, Kalshi, Polymarket CEOs back $35M predictions markets VC fundTechCrunch +5
- French VC 360 Capital launches Poli360 2 with €85 million to back European DeepTech startupsEU-Startups +2
- Credo Ventures Launches Over €74M New Fund to Back CEE Startups at Pre-SeedThe Recursive