# Founders First Capital Partners

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/founders-first-capital-partners

- Industry: Financial Services
- Headquarters: San Diego, US
- Website: www.foundersfirstcapitalpartners.com
- Total disclosed funding: $20M
- Latest round: Series A (Nov 9, 2021)
- Investors on record: 10

## About

Founders First Capital Partners, Inc. provides tailored financial solutions to diverse-led businesses in the US, focusing on non-dilutive capital through innovative financing products for growth.Founded in 2015 and headquartered in San Diego, US, Founders First Capital Partners, Inc. specializes in supporting diverse-led businesses with growth capital. The company has not undergone any significant pivots in its strategy and operates as an independent firm. The founders, including Joe Saari, Kim She/Her, and Michael Walsh, have a commitment to enhancing economic opportunities for underrepresented communities. In November 2021, the firm raised USD 11.00 mn in Series A funding from investors including Calvert Impact Capital, Pivotal Ventures, Schultz Family Foundation, and W.K. Kellogg Foundation, which completed the total amount raised to USD 11.00 mn over two deals.Founders First Capital Partners primarily offers financial solutions tailored for diverse-led businesses seeking growth capital. Their core offerings include non-dilutive capital through Revenue-Based Financing and Term Loans, aimed at service-based companies generating annual revenues between USD 500,000 and USD 10 million. The Revenue-Based Financing product allows businesses to receive funding based on a percentage of their future revenue, providing flexibility for repayment. Term Loans offer fixed amounts with standard repayment terms, catering to various funding needs such as product launches, technological investments, or enhancing cash flow. The company serves a diverse clientele, including Asian, BIPOC, Hispanic, LGBTQ+, veteran, and women-owned businesses, as well as companies in low-to-moderate income (LMI) zones across the United States, thereby contributing to the enhancement of economic opportunities in these communities.Founders First Capital Partners generates revenue through its financing products, which are structured to align with the cash flows of their clients. The company engages in B2B transactions, providing financial services directly to small businesses led by diverse entrepreneurs. Clients apply for funding, and upon approval, they receive capital that is repaid based on their revenue performance, specifically in the case of Revenue-Based Financing. This structure allows for a flexible repayment plan that adjusts according to the business's earnings, ensuring that payments remain manageable. The firm positions itself as a strategic partner, offering ongoing advisory services to clients to maximize growth potential, thereby enhancing both client revenues and its own profitability.In November 2021, Founders First Capital Partners, Inc. raised USD 11.00 mn in Series A funding to accelerate financing and advisory support for diverse-led small businesses. The company plans to leverage this funding to enhance its product offerings and expand its reach into new markets. Specific details about upcoming product launches or targeted geographic regions for expansion have yet to be disclosed, but the firm is committed to fostering economic growth within the underserved communities it serves.

## Funding rounds

- Series A, Nov 9, 2021, $11M — W.K. Kellogg Foundation, Calvert Impact, Pivotal Ventures, Schultz Family Foundation
- Series A, Feb 25, 2021, $9M — Ewing Marion Kauffman Foundation, Rockefeller Foundation, Surdna Foundation, Spring Point Partners, The Impact Seat, Lindmor Foundation

## Investors

- Ewing Marion Kauffman Foundation — Series A
- Rockefeller Foundation — Series A
- Surdna Foundation — Series A
- Spring Point Partners — Series A
- The Impact Seat (https://capitalatlas.ai/funds/the-impact-seat) — Series A
- Lindmor Foundation — Series A
- W.K. Kellogg Foundation — Series A
- Calvert Impact (https://capitalatlas.ai/funds/calvert-impact) — Series A
- Pivotal Ventures (https://capitalatlas.ai/funds/pivotal-ventures) — Series A
- Schultz Family Foundation — Series A