Skip to content

First Close Partners

First Close Partners is a New York-based fund of funds established in 2020 that invests in venture capital funds led by underrepresented managers, aiming to address diversity gaps in the venture capital industry.

Founded
2020
Recorded stages
Pre Seed, Seed, Series A, Series B, Series C, Growth Equity
Recorded regions
Global, North America, Europe, Africa

Online destinations

Find First Close Partners online

Where to find this organization online, grouped by who runs each page. A link here does not mean the organization controls it.

Official links

Pages the organization runs itself.

Overview

First Close Partners is a venture capital fund-of-funds founded in 2020, based in New York. The organization focuses on supporting underrepresented entrepreneurs by investing in venture capital funds owned and operated by historically underrepresented groups, including people of color, women, LGBTQIA+ individuals, and others. By providing capital to these emerging funds, First Close Partners aims to help them achieve their initial fundraising targets, known as 'first close.' The firm believes that underrepresented venture managers are undercapitalized and that early commitments can unlock further investments, creating access to differentiated venture returns.

Focus

First Close Partners focuses on investing in early-stage venture capital funds that are managed by underrepresented founders. The organization emphasizes sectors that are often neglected and aims to provide support across various stages of business development, ultimately fostering a diverse range of investment opportunities.

Support

First Close Partners adds value by providing essential capital to underrepresented venture managers, helping them reach their first closes and attract additional LP commitments. The firm also aims to create a supportive network that enhances the operational capabilities of the funds it backs.

Check your startup’s fit

Check your startup’s fit with First Close Partners

Similar investors

Organizations that do similar work to First Close Partners.

All investors
AEA Investors logoInvestor

Transforming businesses for long-term success.

XVC logoInvestor

XVC is a Beijing-based venture capital firm focused on investing in high-growth potential companies across China, Southeast Asia, and North America. The firm employs a research-driven approach to identify opportunities in sectors benefiting from network effects and data-driven applications.

Beltone logoInvestor

Beltone Holding S.A.E is a diversified financial services provider based in New Cairo, Egypt, specializing in investment banking, private equity, and venture capital. The organization focuses on early-stage tech startups in the MENA region.

Coatue logoInvestor

Coatue Management is a global investment firm based in New York City, focusing on technology-driven investments across both public and private markets. Founded in 2011, it emphasizes early-stage startups and late-stage companies.

Superscout Pro

Find faster. Show up verified. Keep your deals private.

$99a year, or $12 a month
Get Pro

Is this page right?Reviewed · How the research works

Something's off