First Analysis

First Analysis is a Chicago, Illinois-based financial services firm with a dual venture capital and investment banking advisory platform that partners with growth-focused B2B technology companies across North America. It has invested over $880 million through its funds in enterprise software, healthcare IT, cybersecurity, future-of-work tech and other high-growth sectors, typically deploying $3 million to $10 million in early to growth rounds either as lead or syndicate partner. Founded in 1981, the firm leverages deep sector research and longstanding industry relationships to support founders with capital, strategic guidance and market insights aimed at scaling businesses and preparing them for successful exits. In addition to direct investments via its SEC-registered venture arm, it provides transaction advisory services—including M&A, growth capital raises and recapitalizations—through its broker-dealer affiliate. First Analysis’s integrated model combines investment, research and execution capabilities to help emerging and established technology companies navigate complex growth and transaction environments.