

2 on a current fund
last 24 months
across filed funds
| Vehicle | Filed | Target | Sold to date | Investors |
|---|---|---|---|---|
| First In Patriot Smack | May 2026 | $17M | $17M | 51 |
| First In Liberty Castelion | 2026 | $24M | $24M | 61 |
| First In Patriot Antithesis | December 2025 | $4.3M | $4.3M | 21 |
| First In Ventures Fund 3 SBIC Critical Technologies | October 2025 | Indefinite | $52M | 56 |
| FIRST IN CASTELION 2024 | October 2025 | $2.6M | $2.6M | 19 |
| First In Patriot Castelion | August 2025 | $18M | $18M | 42 |
| FIRST IN CASTELION B 2024 | December 2024 | $9.1M | $9.1M | 32 |
| FIRST IN SCATR 2024 | December 2024 | $6.6M | $6.6M | 26 |
| First In Ventures Fund II | May 2023 | Indefinite | $22M | 60 |
| First In Ventures Fund I | March 2021 | $20M | $2.7M | 17 |
Amounts are Item 13 as filed: the target is the whole offering, and the amount sold is cumulative across amendments rather than a final close. The filing carries no per-investor amount, so a firm’s own cheque is not recoverable here.
4 partners are named across this firm’s filings, 2 of them on a fund it is deploying now.
| Partner | Activity | Categories | Board seats | Last 24mo |
|---|---|---|---|---|
| Arthur Karell | Selective | Aerospace & defense | 3 | 3 |
| Forbes McPherson | Slowing | None listed | 1 | 1 |
| Lenore KarafaNot on the current fund | Quiet | None listed | 0 | 0 |
| R ForbesNot on the current fund | Quiet | None listed | 0 | 0 |
Activity is filed board seats in the last 24 months: 4+ Active, 2–3 Selective, 1 Slowing, none Quiet. A firm's tier totals its partners, so an active firm may be four partners with one seat each. It undercounts partners who invest without taking a board seat, and filings lag a closing by weeks, so Quiet means the paperwork is quiet, not the person.
Too few companies classified yet to infer a focus. 1 of 4 portfolio companies are classified.
Not a filing value: this is Lev’s own classification of each company, one company one vote regardless of how many of First In’s partners are named on its board, shown only when we found a specific, checkable source. Companies with no source read as unclassified and are left out of the shares above.
| Firm | Shared boards | Companies |
|---|---|---|
| Upfront Ventures | 1 | AnySignal |
A shared board seat: a company where filings name a First In partner and a partner at the other firm, both with a clean identity match. Not a claim either firm led or co-led the round, only that both are named on the same board.