# First Fund

> First Fund is a VC fund in Vancouver backing Payments, Health Care and Pet. See 8 investments, round sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Vancouver, Canada
- Total investments: 8
- Last investment: Nov 2024
- Lead investor: 13%
- Last updated: Aug 2026
- Website: https://www.thefirst.vc/

First Fund is a VC fund in Vancouver focused on Payments and Health Care. With a goal to launch 100 Startups by 2022 and 1,000 Startups by 2032, First Fund is Canada’s most-active pre-seed investment fund.We are Founders ourselves who saw a gap in early-stage funding and so decided to fix that. We curb Founder Brain Drain and promote the birth of new tech startups by investing the first $100,000 as early as thepitch-deck stage in entrepreneurs looking to get new startups off the ground.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Payments | 2 | 25% |
| Health Care | 2 | 25% |
| Pet | 1 | 13% |
| SaaS | 1 | 13% |
| Medical | 1 | 13% |

16 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Pre-Seed | 5 | 63% |
| Seed | 3 | 38% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Canada | 3 | 38% |
| United States | 3 | 38% |
| The Netherlands | 1 | 13% |

## Investments

| Company | Description | Round size | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Phlox Therapeutics | Phlox Therapeutics specializes in the development of gene therapy to alleviate and cure cardiomyopathies. | $2M | Seed | Nov 06, 2024 |  |
| Qase | Qase is a B2B SaaS platform that reinvents how law firms and legal organizations manage legal referrals. | $785K | Pre-Seed | Jun 30, 2024 |  |
| Mattoboard | Object based 3D Design Tool for Professional Industries | $450K | Pre-Seed | Aug 12, 2022 |  |
| Vetsie | Our goal is to make veterinary care more accessible by leveraging innovative technology that will transform and inspire the world of pet care. We are helping veterinarians connect with their clients and patients in a virtual, safe, legal manner. This is an exciting time for veterinarians that need virtual care support for their existing clients.Veterinary Telehealth has the ability to add additional revenue into the clinic while better supporting clients who may not be able to bring their pets in for a consultation. | $285K | Pre-Seed | Jun 21, 2022 |  |
| Klasha | Klasha is a global technology company, building a platform and APIs to move money to and from emerging markets frictionlessly. With Klasha, businesses can collect, send money and hold exotic and hard currencies through our extensive API stack. Enterprise businesses use our rails and infrastructure to power their cross-border payments. Founded in2021 by Jess Anuna, Klasha collects and sends over 120 currencies, saving merchants time and money. | $2.4M | Seed | Oct 06, 2021 |  |
| Periculum | At Periculum, we build data analytic Artificial Intelligence and Machine learning software that empowers organizations in underserved markets. We bring intelligence to the core of everything that matters most to our customers. | $620K | Pre-Seed | Sep 13, 2021 |  |
| Vetsie | Our goal is to make veterinary care more accessible by leveraging innovative technology that will transform and inspire the world of pet care. We are helping veterinarians connect with their clients and patients in a virtual, safe, legal manner. This is an exciting time for veterinarians that need virtual care support for their existing clients.Veterinary Telehealth has the ability to add additional revenue into the clinic while better supporting clients who may not be able to bring their pets in for a consultation. | $208K | Seed | Jun 21, 2021 |  |
| Hubly Surgical | Hubly Surgical is a medical device startup dedicated to making neurosurgery safe. The most common neurosurgical procedure fails in part because it relies on a free-hand, hand-cranked drill with few to no features for safety. Our team of neurosurgeons and engineers have invented a drilling system for use both in the operating room and in emergentsettings, which includes drilling guidance, plunge prevention, catheter guidance, and battery power for ease of use. | $1M | Pre-Seed | Mar 18, 2021 |  |

8 of 8 investments shown.

## Co-investors
- [Blue Moon](https://shizune.co/investors/profile/2-12-angels) — VC Fund, 1 deal together
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund, 1 deal together
- Amsterdam UMC Ventures — VC Fund, 1 deal together
- [Basecamp Fund](https://shizune.co/investors/profile/basecamp-fund) — VC Fund, 1 deal together
- [Berrywood Capital](https://shizune.co/investors/profile/berrywood-capital) — VC Fund, 1 deal together
- Beuvray Ventures — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund
- [Everywhere Ventures](https://shizune.co/investors/profile/everywhere-ventures) — VC Fund

## FAQ

### What does First Fund invest in?

First Fund invests primarily in Payments, Health Care and Pet startups, most often at Pre-Seed and Seed stage. Most of the 8 investments tracked by Shizune back companies in Canada. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did First Fund last invest?

The most recent investment recorded for First Fund closed in Nov 2024. Shizune tracks 8 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### 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 Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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