# Firstbase.io

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/firstbase-io

- Industry: Software
- Headquarters: New York, US
- Website: www.firstbase.io
- Latest round: Seed (Mar 22, 2021)
- Investors on record: 1

## About

Firstbase.io, Inc. is a US-based company that streamlines the startup process for entrepreneurs by providing essential services such as incorporation, compliance, bookkeeping, and tax filing through a comprehensive digital platform.Firstbase.io, Inc. simplifies the startup journey for new businesses. Founded in 2019 in New York, US, it has been involved in 5 funding deals, with its latest funding round being a Seed round of USD 0.08 mn, raising a total of USD 0.08 mn. The company was co-founded by Chris Herd and Mark Milastsivy, with Chris Herd currently serving as CEO. Recently, on September 25, 2024, Firstbase filed for chapter 11 bankruptcy protection.Firstbase offers an all-in-one platform designed to simplify the startup process for new businesses, providing essential services such as incorporation, compliance, bookkeeping, and tax filing. Their core offerings include the formation of LLCs and C-Corps, which are automated to minimize paperwork and legal complexities, accompanied by 24/7 global customer support. The platform further enhances operational efficiency by integrating services like accounting, registered agent services, and a premium US business address, ensuring that founders can manage all aspects of their startup seamlessly. The company caters to a diverse client base, with over 30,000 businesses initiated using their platform across 191 countries, demonstrating a wide geographical reach, particularly in the United States and its territories, while also serving international founders seeking a US presence.Firstbase generates revenue through a structured model that combines subscription services and transaction-based fees for its suite of business tools. Clients typically engage with the platform by selecting service packages that align with their operational needs, such as the incorporation process or ongoing accounting services. Specific offerings include Firstbase Start for business formation, Firstbase Accounting for financial management, and Firstbase Payroll for managing employee payments. The pricing structure is designed to cater to both startups and established businesses, allowing varying degrees of service access based on their chosen plans. As clients utilize these services, such as tax filing or registered agent support, Firstbase captures revenue through these critical operational transactions, solidifying its role as a vital partner in the growth and management of its customers' businesses.The company filed for chapter 11 bankruptcy protection in September 2024. As a result, specific future growth strategies, including product launches or geographic expansions, are currently unclear.

## Funding rounds

- Seed, Mar 22, 2021 — Calm Company Fund

## Investors

- Calm Company Fund (https://capitalatlas.ai/funds/calm-company-fund) — Seed