vcspine

First In

First In last closed a fund in May 2026 — 6 months ago.

Next fund
Filed
17 Sep 2026

First In Ventures Fund II LP — a Form D for a new fund, newer than the record below. The raise has started.

Filed for a new fund on Thursday 17 September 2026 — First In Ventures Fund II LP, $22M. 021-597839 ↗ Plus 8 single-deal vehicles the same day, $82M stated across them. This is newer than the record below, which is rebuilt quarterly. See the feed.

Deploying  This firm closed a fund in the last 18 months, so it has money to put to work now as of the last quarterly rebuild.

Funds on file
10
Single-deal SPVs
2
Capital raised
$107M
Latest close
May 2026
Based in
CO, FL, WA

Vehicles on file

VehicleFirst closeAmount Filings
First In Patriot Smack LLCMay 2026$17M0002154389 ↗
First In Liberty Castelion LLCJanuary 2026$24M0002154399 ↗
First In Patriot Antithesis LLCDecember 2025$4M0002154398 ↗
FIRST IN CASTELION 2024 LLCOctober 2025$3M0002154401 ↗
First In Patriot Castelion LLCAugust 2025$18M0002154397 ↗
FIRST IN CASTELION B 2024 LLCDecember 2024$9M0002154400 ↗
FIRST IN SCATR 2024 LLCDecember 2024$7M0002154395 ↗
FIRST IN ADLUMIN 2023 LLCAugust 2023$1M0002154402 ↗
First In Ventures Fund II LPMay 2023$22M0002154386 ↗
First In Ventures Fund I, LPMarch 2021$3M0001855648 ↗
CL Fund I, a series of First In Direct Opportunities, LP (single-deal SPV)September 2021$208,0000001885159 ↗
First In - Shift 5, a series of First In Direct Opportunities, LP (single-deal SPV)September 2021$458,0000001883417 ↗

Each row links to that vehicle’s Form D filings on EDGAR — the name, date and amount above should match what is filed there.

Named on filings

Forbes McPherson, Arthur Karell, Lenore Karafa, R Forbes

What First In invests in

Typical fund
$9M median, pre-seed / seed scale
Median of this firm’s filed fund sizes on Form D.
Website
wearefirstin.com
As filed by the adviser on Form ADV, February 2023.

Service providers

Fund administrator
AngelList (Belltower) (1 fund)
Auditor
Not on file

From Form ADV filed by PLATFORM ADVISOR, LLC CRD 167700 ↗, latest filing June 2026, covering 1 fund linked to this firm by Form D file number. Form ADV is filed once a year, so a provider may have changed since. How this is matched.

What this is. Every figure on this page comes from Form D filings with the U.S. Securities and Exchange Commission — public records, reproduced here as filed. Service providers, where shown, come from the adviser’s Form ADV and are dated.

What it is not. Single-deal SPVs, feeder vehicles and GP or employee commitment funds are listed but excluded from fund counts and capital totals: an SPV is one investment, a feeder holds the same capital as its master, and a “Principals” or “Entrepreneurs” fund closes alongside a main fund rather than being raised in its own right. Capital deployed from a family office, a corporate balance sheet or an evergreen structure never arrives as a fund close, so a firm doing that looks quiet here. Amounts are as of the last amendment and go stale. Dates are the date of first sale — a fund's first close, not its final one. Funds filed as “Indefinite” are excluded from totals rather than counted as zero, so a total is a floor.

“No recent fund” is a statement about filings. It is not a statement about whether a firm is solvent, investing, or still in business.