# Firstbase

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

- Industry: IT Infrastructure
- Headquarters: Wilmington, US
- Website: http://www.firstbasehq.com
- Total disclosed funding: $65M
- Latest round: Series B (Dec 6, 2021)
- Investors on record: 7

## About

Firstbase, Inc. is a US-based company that specializes in providing a comprehensive platform for managing IT equipment and ergonomic furniture for remote, hybrid, and in-office teams.Founded in 2019 and headquartered in Wilmington, US, Firstbase, Inc. offers an integrated platform for managing employee IT assets. The company has successfully secured a Series B funding round, raising USD 50.020 mn from notable investors including Kleiner Perkins and Andreessen Horowitz. As of December 17, 2024, Firstbase has raised a total of USD 50.020 mn and is valued at approximately USD 337.946 mn. The founders, Chris Herd and Mark Milastsivy, have played a pivotal role in shaping the company’s vision and strategy.Firstbase provides a comprehensive platform designed to facilitate the management and provisioning of IT equipment and ergonomic furniture for remote, hybrid, and in-office teams. Their core offerings include a self-service ordering portal, allowing employees to select from a curated range of devices and furniture tailored to their needs. This platform streamlines the entire lifecycle of asset management—from procurement through deployment, ongoing management, and retrieval upon offboarding. Firstbase serves a diverse clientele, including companies ranging from small teams to large enterprises with thousands of employees, across various industries, including technology, healthcare, and finance. The company's services are operational in over 150 countries, ensuring global coverage and support for its client base.Firstbase's revenue model is structured around B2B transactions, focusing on partnerships with organizations that require efficient management of employee assets. The company operates on a subscription basis, offering various service plans that encompass equipment provisioning, maintenance, and logistics management. Clients engage with Firstbase to streamline their operations, which includes paying for managed services that alleviate the burden of manual asset management. Revenue is generated through a combination of service fees associated with equipment procurement and management, with clients benefiting from the platform's automation capabilities and extensive support network to enhance operational efficiency.In December 2024, AppDirect, Inc., a portfolio company of StarVest Partners and others, acquired Firstbase, Inc. Although specific upcoming products and expansions into new markets have not been disclosed, the transaction signifies a strategic move that may influence Firstbase's operational direction. The recent funding will likely support the company's initiatives in enhancing its platform and expanding its reach.

## Funding rounds

- Series B, Dec 6, 2021, $50M — Kleiner Perkins, Andreessen Horowitz, Forum Ventures, Alpaca
- Series A, Apr 29, 2021, $13M — Andreessen Horowitz, Alpaca, B Capital
- Seed, Aug 22, 2020, $2M — Forum Ventures, Alpaca, Backend Capital, Prototype Capital

## Investors

- Forum Ventures (https://capitalatlas.ai/funds/forum-ventures) — Seed, Series B
- Alpaca (https://capitalatlas.ai/funds/alpaca) — Seed, Series A, Series B
- Backend Capital (https://capitalatlas.ai/funds/backend-capital) — Seed
- Prototype Capital — Seed
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series A, Series B
- B Capital (https://capitalatlas.ai/funds/b-capital) — Series A
- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Series B