First Analysis
VC Fund
Chicago, United States
First Analysis is a leading venture capital investor. They have one of the longest records (30 years) in venture capital, having invested more than $750 million across multiple highly diversified funds. First Analysis invests mainly in the United States with a focus on our sectors of expertise: technology/software, healthcare, services, andclean-tech/chemicals. They help established companies become profitable leaders in large markets, funding growth plans and working closely with management in areas including strategy, recruitment, sales and marketing, and corporate development. Their flexible approach targets investing $3-10 million as lead investor or as a syndicate partner who brings valuable perspective to the table.
- Total investments:
- 99
- Last investment:
- Lead investor:
- 36%
- Fund size:
- $91M
- Last fund:
Last updated:
For AI agents: llms.txt
Industries First Analysis invests in
Stages First Analysis invests in
Countries First Analysis invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
| See all 12 contacts → | |||
Round size
- Series A
- $2.5M–$12M
- Series B
- $4.2M–$16M
- Series C
- $6M–$63M
Investment Focus
Industry
- Software 34 (34%)
- Enterprise Software 17 (17%)
- Information Technology 15 (15%)
- SaaS 13 (13%)
- Health Care 11 (11%)
Stage
- Series A 19 (19%)
- Series C 18 (18%)
- Series B 16 (16%)
- Funding Round 15 (15%)
- Venture - Series Unknown 9 (9%)
Country
- United States 67 (68%)
- Germany 1 (1%)
- Ireland 1 (1%)
- United Kingdom 1 (1%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Andrew Walsh
Managing Director
|
Managing Director | Total investments: 2 | Find email | |
David Gearhart
Investment Team
|
Investment Team | Total investments: 1 | Find email | |
Howard Smith
Managing Director
|
Managing Director | Total investments: 8 | Find email | |
Matthew Nicklin
Managing Director, Head of Investment Banking
|
Managing Director, Head of Investment Banking | Total investments: 2 | Find email | |
Paul Kropke
Compliance Director
|
Compliance Director | Total investments: 0 | Find email | |
| See all 12 team members → | ||||
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| Intelligent Locations provides a suite of SaaS solutions for asset and patient tracking for hospitals. The company was founded in 2015 and is based in Raleigh, North Carolina. | Private Equity / Oct 14, 2025 | ||
| SynergySuite is an international provider of award winning, cloud based enterprise back office software to leading global restaurant chains. SynergySuite offers a modular solution covering all critical business areas including inventory & procurement, recipe management, food safety, scheduling, cash management, human resources, and businessintelligence. After using SynergySuite our customers add between 4% to 6% per location to their bottom line. SynergySuite has been in the industry since 2011 and works with top restaurant chains like KFC, Macaroni Grill, BrewDog, Hawthorne Leisure and many more across the US, UK, and Ireland. | $12M / Series C / Aug 20, 2025 | ||
| CSA Medical provides cryotherapy systems. It offers CryoSpray Ablation system, which enables the physicians to freeze, destroy, and remove unwanted tissues, as well as transports liquid nitrogen that is passed through a standard endoscope. CSA Medical was formerly known as Crymed Technologies and changed its name to CSA Medical in April 2006.Thecompany was incorporated in 1993 and is based in Lutherville Timonium, Maryland. | $53M / Series D / Sep 09, 2024 | ||
| Sware provides validation automation platform and managed services programs. | $6M / Series B / Jun 06, 2024 | ||
| Dina Care is a provider of health plans, patients, and caregivers to produce great patient outcomes. The company connects personal caregivers and care providers and enables payers to keep their members healthier, safer, and happier at home. With Dina, everyone stays connected in real-time, receiving care updates as they happen, improving the odds apatient's in-home care will be successful. It creates a virtual experience for the entire healthcare team so they can communicate with each other and help patients and families stay connected even though they may not physically be under the same roof. Dina Care enabling consumers, health plans and ACOs to explore, learn, and engage with the rapidly growing number of services that keep people happy and healthy in their homes. The platform helps professional and family caregivers capture rich and timely data from the home, using AI technology to identify unmet needs, and recommend evidence-based interventions. Dina Care was founded in 2015 and is headquartered in Chicago, Illinois, USA. | $7M / Series B / Feb 12, 2024 | ||
| Stamus Networks believes in a world where defenders are heroes, and a future where those they protect remain safe. As defenders face an onslaught of threats from well-funded adversaries, we relentlessly pursue solutions that make the defender’s job easier and more impactful. A global provider of high-performance network-based threat detection andhunting systems helps enterprise security teams accelerate their response to critical threats with solutions that uncover urgent and acute risks from network activity. Their Scirius Security Platform is an advanced network detection and response (NDR) solution that exposes threats to critical assets and empowers rapid response. | Series A / Aug 08, 2023 | ||
| CoolR is an in-store inventory management solution for brands and retailers. CoolR enables CPGs and retailers to manage demand and make sure the appropriate products are available at the right time and location.They keep an eye on shelves that are refrigerated, frozen, and ambient while gathering information on out-of-stock possibilities, productperformance, and execution audits. Then, they incorporate decision-making using visual AI into routine business operations.For their partners' cost-cutting and sales-uplift campaigns, they specialize in remote, unbiased monitoring, providing high-performance results. | $10M / Venture - Series Unknown / Oct 13, 2022 | ||
| At Drive My Way, they create the best job match possible for CDL truck drivers and employers. Their unique, online, personalized recruiting service has significant benefits for both sides. If you’re a driver, Drive My Way matches you to the job that best fits your qualifications and preferences, so you can achieve the lifestyle you want. Do youdesire more home time and better benefits? Select those preferences and their one-of-a-kind Match My Way technology will filter the job results to make it happen.For employers, Drive My Way facilitates the best job match possible, so you can be confident you have hired the right driver for the position. With the Match My Way score their technology generates, employers can know exactly how well a candidate meets a job’s requirements before entering into the hiring process.That means finding the right candidate is done efficiently, which will lower recruiting costs and decrease turnover for you. | $4.4M / Series A / Sep 29, 2022 | ||
| EdgeIQ develops a DeviceOps platform for managing devices, data, software, cloud integrations, and business workflows. It automates device and data management at scale. It defines device profiles, bulk onboarding, onboarding, lifecycle/state management, wellness monitoring, alerting and notifications, remote diagnostics, commands,configuration, and software update management. | $8.5M / Series A / Jul 22, 2022 | ||
| Fortress Information Security is an AI-powered cybersecurity company dedicated to defending government agencies, critical infrastructure, and their supply chains against the most sophisticated cyber threats facing the nation today. Organizations across energy, utilities, critical manufacturing, and the public sector trust Fortress to deliverclarity and action where other platforms fall short, combining deep industry expertise with cutting-edge technology to address the unique risk landscape each client operates in. At the heart of the Fortress offering is the Fortress Platform, an AI-driven solution that provides organizations with comprehensive visibility across their entire digital ecosystem, including IT, operational technology (OT), third-party vendors, and extended supply chains. Through proprietary data exchanges like the Asset-to-Vendor (A2V) network and NAESAD, Fortress enables real-time intelligence sharing across industry partners using software bills of materials (SBOMs), hardware bills of materials (HBOMs), and automated vendor assessments, ensuring organizations can not only identify risk but actively remediate it. The platform's trusted AI capabilities continuously monitor vendor ecosystems and products, delivering prioritized, context-rich insights that drive smarter, faster decision-making. Fortress goes beyond risk identification by working directly alongside clients and their vendors to implement remediation plans, achieve regulatory compliance, and build long-term cyber resilience. With solutions spanning Cyber Supply Chain Risk Management (C-SCRM), Third-Party Risk Management (TPRM), Vulnerability Management, Software Supply Chain Security, and Product Provenance Assessment (PPA), Fortress gives organizations a faster, more comprehensive path to security than building and managing these capabilities alone. As cyber threats against the nation's most critical systems continue to grow in scale and sophistication, Fortress is rapidly scaling its mission to ensure government agencies, critical infrastructure operators, and their supply chains remain protected, resilient, and compliant. | $125M / Series C / Apr 19, 2022 | ||
| See all 99 investments → | |||
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FAQ
What does First Analysis invest in?
First Analysis invests primarily in Software, Enterprise Software and Information Technology startups, most often at Series A and Series C stage. Most of the 99 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is First Analysis's check size?
First Analysis typically joins rounds of $2.5M–$12M at Series A, $4.2M–$16M at Series B and $6M–$63M at Series C. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds First Analysis participates in.
How do I contact First Analysis?
Public channels for First Analysis include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at First Analysis?
The team at First Analysis includes Andrew Walsh (Managing Director), David Gearhart (Investment Team) and Howard Smith (Managing Director), among 12 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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