First In Secures $148 Million for Fund III with US Certification
Venture capital firm First In, led by two ex-Marines, closed on $148 million for its Fund III on March 23, 2026, which represents nearly seven times the amount raised previously, according to Venture Capital Journal. This fundraising success was attributed to the firm’s certification as a Critical Technology Fund by the US Small Business Administration and the Department of War.
Firm Background
First In is a firm focused on areas such as cybersecurity and defense technology, as indicated by its tags in the source material. The firm qualifies as an emerging manager, and its leadership by two ex-Marines highlights its connections to military expertise, which aligns with its investment themes.
Fundraising Details
The $148 million closure for Fund III marks a significant increase from prior funds, with the exact multiple being nearly seven times more, according to Venture Capital Journal. This achievement was directly linked to the Critical Technology Fund certification, which facilitated the fundraising process.
Role of Government Certification
The certification from the US Small Business Administration and the Department of War played a key role in enabling First In to raise this amount, as noted in the source. As widely-known context, such certifications from the SBA often help firms in strategic sectors access resources, though specifics here are limited to the provided facts.
