WHAT WE DO
We use our integrative research process to uncover and leverage the best opportunities in emerging high-growth tech-driven segments for the benefit of the investors and growth companies we serve, as well as our broader society and environment. Integrative research draws heavily on our relationships with companies and unifies naturally divergent perspectives, capabilities, skill sets, and relationships, yielding a deep, comprehensive understanding of each segment's near-term and long-term potential.
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Technology / SaaS
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Healthcare
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Environmental Technology
VENTURE
CAPITAL
CAPITAL
With over 40 years of experience and over $845 million invested across various funds, First Analysis is a leading venture capital investor in B2B tech companies. Primarily investing in North America, we target entrepreneur-driven, capital-efficient companies with proven business models and demonstrable customer successes. We partner with our portfolio companies to build for successful exits in every investment we undertake. We invest $3 to $10 million, either as a lead investor or as a syndicate partner bringing valuable insights and expertise in our focus sectors.

INTEGRATIVE
RESEARCH
RESEARCH
At First Analysis, our approach is founded on comprehensive research and deep sector insights. We harness this knowledge to empower entrepreneurs, enterprises and their investors, transforming industry expertise and robust relationships into tangible results.
INVESTMENT
BANKING
BANKING
Investment bankers define themselves by the processes they run, not the businesses they represent. Our advisory services extend beyond mere transaction facilitation – we empower entrepreneurs by helping them fully comprehend the growth investment opportunities available to them. We intentionally avoid prospecting private equity portfolio firms for future clients. Instead, we focus solely on the unique aspirations and desired outcomes of our partners.
NEWS & INSIGHTS
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First Analysis invests in Gradient Cyber, provider of MXDR services for mid-market organizations
First Analysis, a leading venture capital investor, has made a new investment in Gradient Cyber, a leading provider of managed extended detection and response (MXDR) services for mid-market organizations. First Analysis led the Series A financing, which will support Gradient Cyber's continued growth and product development as it scales to meet increasing demand for 24/7 MXDR services.
April 25, 2025
First Analysis, a leading venture capital investor, has made a new investment in Gradient Cyber, a leading provider of managed extended detection and response (MXDR) services for mid-market organizations. First Analysis led the Series A financing, which will support Gradient Cyber's continued growth and product development as it scales to meet increasing demand for 24/7 MXDR services.
April 25, 2025
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First Analysis closes on Fund XIV at $97 million in committed capital
First Analysis, a leading venture capital firm specializing in B2B technology investments, announced today the closing of its 14th fund at $97 million in committed capital. First Analysis again committed substantial capital to its own fund, making it the largest investor in the new fund and underscoring its continued confidence in its distinctive investment approach.
April 09, 2025
First Analysis, a leading venture capital firm specializing in B2B technology investments, announced today the closing of its 14th fund at $97 million in committed capital. First Analysis again committed substantial capital to its own fund, making it the largest investor in the new fund and underscoring its continued confidence in its distinctive investment approach.
April 09, 2025
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First Analysis portfolio company PCMI receives strategic growth investment from Thoma Bravo
Thoma Bravo, a leading software investment firm, has made a strategic growth investment in PCMI, a portfolio company of First Analysis and Equality Asset Management. PCMI is a leading provider of administration software for finance and insurance products in the automotive and consumer end markets. Thoma Bravo's expertise in scaling technology companies will help accelerate PCMI's global growth and support its efforts in enhancing the platform.
March 21, 2025
Thoma Bravo, a leading software investment firm, has made a strategic growth investment in PCMI, a portfolio company of First Analysis and Equality Asset Management. PCMI is a leading provider of administration software for finance and insurance products in the automotive and consumer end markets. Thoma Bravo's expertise in scaling technology companies will help accelerate PCMI's global growth and support its efforts in enhancing the platform.
March 21, 2025