FirstMark Capital

FirstMark Capital is a venture capital firm based in New York City. FirstMark invests in early-stage technology companies, frequently as the first institutional investor. Notable investments include Airbnb, Pinterest, Shopify, DraftKings, Upwork, and Ro.[2][3][4][5]

FirstMark Capital
FormerlyPequot Ventures
TypePrivate
IndustryPrivate Equity
FoundedJune 30, 2008 (2008-06-30)[1]
HeadquartersNew York City, U.S.
Key people
Rick Heitzmann
Amish Jani
ProductsVenture capital
WebsiteOfficial website

History

FirstMark was founded in 2008 by Amish Jani and Rick Heitzmann as a spinoff from Pequot Capital Management.[1]

In June of 2020, FirstMark announced FirstMark V (a $380M early-stage fund) and Opportunity Fund III (a $270M growth stage fund).[6] In October of 2020, FirstMark announced FirstMark Horizon Acquisition Corp, a special-purpose acquisition company (SPAC) listed on the New York Stock Exchange.[7]

Team

As of 2022, the firm has five investing partners: Rick Heitzmann, Amish Jani, Matt Turck, Beth Ferreira, and Adam Nelson.[8]

Investments

The firm's most notable investments include Pinterest,[3] which debuted on New York Stock Exchange on April 18, 2019, as well as Shopify.[9] Other notable investments include Riot Games, creator of League of Legends (acquired by Tencent Holdings),[10] InVision,[11] Discord,[12] Airbnb,[13] Upwork,[5] TraceLink,[14] Dataiku,[15] Dashlane,[16] Starry,[17] and Ro.[18]

References
  1. "Pequot to Separate Its V.C. and Hedge Fund Units". New York Times. No. DealBook. United States. The New York Times Company. 4 March 2008. Retrieved 4 September 2019.
  2. Geron, Tomio (15 June 2016). "FirstMark Capital Raises $480M for Two New Funds". Wall Street Journal. Retrieved 10 October 2019.
  3. Vilarino, Dalbert (24 March 2019). "Hey, Look at Me! I'm a Venture Capitalist". New York Times. Retrieved 10 October 2019.
  4. Primack, Dan (1 September 2016). "Exclusive: DraftKings Raises Giant New Funding Round". Fortune. Retrieved 10 October 2019.
  5. Crichton, Danny (3 October 2018). "Upwork pops more than 50 percent in Nasdaq debut". TechCrunch. Retrieved 10 October 2019.
  6. Crook, Jordan. "FirstMark Capital announces new funds with a fresh $650 million in investment capital". TechCrunch. Retrieved 20 July 2022.
  7. "FirstMark Capital raises a full stack SPAC". Reuters. 7 October 2020. Retrieved 14 February 2021.
  8. "Announcing our Newest Funds". FirstMark Capital. Retrieved 20 July 2022.
  9. Ghose, Carrie (24 February 2020). "Columbus e-commerce startup plans to add 40 jobs". Columbus Business First. Retrieved 17 March 2021.
  10. China's Tencent Buys Riot Games for $400 Million
  11. Ha, Anthony. "InVision Raises $1.5M For Beautiful, Interactive Prototypes". TechCrunch. Retrieved 2017-11-26.
  12. Matney, Lucas (21 December 2018). "Gaming chat startup Discord raises $150M, surpassing $2B valuation". TechCrunch. Retrieved 10 October 2019.
  13. "Airbnb". FirstMark. Retrieved 2019-08-14.
  14. Crook, Jordan (30 November 2016). "TraceLink, helping the pharma industry trace and track drugs, lands $51.5M from Goldman Sachs". TechCrunch. Retrieved 10 October 2019.
  15. . TechCrunch, May 19, 2014
  16. Dashlane Passes 2M Users, Collects $22M For Its Client-Based Password Manager. TechCrunch, May 19, 2014
  17. "Aereo's Founder Is Back With Starry. This Time He's Going After Broadband, Not TV". Recode. Retrieved 2017-11-26.
  18. Clark, Kate (15 April 2019). "Ro, a direct-to-consumer online pharmacy, reaches $500M valuation". TechCrunch. Retrieved 10 October 2019.
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