FirstMile Ventures

FirstMile Ventures is an early-stage venture capital firm founded in 2014 and based around the Colorado market, where it has been investing since inception. The firm targets the pre-seed and seed stages - typically ahead of a company's Series A - and positions itself as a startup's first institutional investor. Its stated mandate is to back ambitious founders building category-defining companies in Colorado and Texas, a regional focus underpinned by the view that strong companies can be built outside traditional coastal venture hubs.

The investment approach is generalist across B2B software, SaaS, marketplaces, healthtech, hardware and consumer technology, with selective exceptions made for hardware and consumer businesses where the founding team is considered an exceptional fit. This breadth at the earliest stage is a common structure for pre-seed investors, where team and market are the primary underwriting variables and sector specialisation offers less to go on.

Support offered to portfolio companies is tailored rather than programmatic, and includes customer and expert introductions, hiring assistance, fundraising help and milestone-setting. FirstMile describes its role as a thought partner working alongside founders toward product-market fit and their next financing round. Teams in Colorado and Texas seeking a first institutional cheque at pre-seed or seed stage are the core audience for the firm's mandate.