First Analysis — Full Portfolio

Checkpoint Surgical develops intraoperative nerve stimulation devices, biomaterial implants, and surgical instruments for peripheral nerve and tendon surgery.

BiotechHealthtechMedical DevicesCleveland, US

Marilyn A. Eisele(Executive Officer)Kevin M. Scanlan(Executive Officer)Donald Hubbard(Executive Officer)Mark Stultz(Executive Officer)Leonard Cosentino(Executive Officer, Director)Geoffrey Thrope(Executive Officer, Director)

Board seatTracy Marshbanks· per SEC Form D

Co-investorsJumpstart VenturesMutual Capital PartnersNDIRC Capital

RejuvenAir, developed by CSA Medical, is a bronchoscopic cryosurgical device that sprays metered doses of liquid nitrogen to destroy damaged airway cells and treat the underlying cause of COPD with Chronic Bronchitis.

HealthtechMedical DevicesLutherville, US

Ellen Sheets(Executive Officer, Director)Ian J. Vawter(Executive Officer)Steven Schaefer(Executive Officer)William Floyd(Executive Officer, Director)Vincent Owens(Director)Richard Kent(Director)

Board seatTracy Marshbanks· per SEC Form D

Co-investorsAscension VenturesSV Health Investors

Cycle Labs offers Cycle®, an end-to-end test automation platform that uses a human-readable scripting language (CycleScript) to automate regression, volume, and load testing across enterprise supply chain systems such as ERP, Warehouse Management, and Order Management systems.

Developer ToolsEnterprise SoftwareLogistics & Supply ChainSaaSFleetwood, US

Joshua Owen(Executive Officer, Director, Promoter)

BoardTimothy McLoughlin(Director)inJeffrey Williams(Director)Evan Edwards(Director)Kevin Mosley(Director)

Board seatCorey Greendale· per SEC Form D

Co-investorsHigh Country Impact FundJurassic CapitalCofounders Capital

Chicago-based recruitment software company, founded in 2008 as Recsolu and rebranded to Yello in 2015.

Chicago, US

Daniel Bartfield(Executive Officer, Director)Jason Weingarten(Director)Bradley Davis(Executive Officer)

BoardPeter Arrowsmith(Director)inWalter Barandiaran(Director)

Board seatCorey Greendale· per SEC Form D

Co-investorsJMI EquityThe Argentum Group

Leading CRO/CDMO specializing in cell and gene therapy with proprietary TARGATT genome editing and iPSC platform

BiotechMilpitas, US

Ruhong Jiang(Executive Officer, Director)Guoliang Yu(Director)

BoardZhenyu Xiao(Director)

CoolrAI is an AI-powered SaaS platform that analyzes cooler and freezer images to provide commercial intelligence for Food & Beverage brands and distributors.

AI & Machine LearningRetail TechSaaSChantilly, US

Durlabh Jain(Director)inDavid Gearhart(Director)Atul Jain(Director)Roy Mehta(Executive Officer, Director)

Co-investors2048 VenturesEntrepreneurs Roundtable Accelerator (ERA)Moneta VenturesRemarkable Ventures

Santee, US

Gary Alan Bellowe(Director)James Mooshi Gevarges(Executive Officer, Director)David Klein(Director)Charles Alvis Hamilton(Director)Harald Jaeger(Director)Sandip Patidar(Director)

Drive My Way is a recruiting platform that matches CDL truck drivers, including company drivers and owner operators, with truck driving jobs based on their professional qualifications and lifestyle preferences.

HR TechLogistics & Supply ChainMarketplacesCleveland, US

Mary Elizabeth Potratz(Executive Officer, Director)

Co-investorsInvestHER VenturesJumpstart Ventures

EdgeIQ provides an orchestration platform for connected products, managing device, connectivity, and data operations through automated workflows.

Data & InfrastructureDeveloper ToolsEnterprise SoftwareIoTSaaS

Orlando-based cybersecurity company that discovers, prioritizes and monitors supply chain and third-party cyber risk.

Freeosk operates in-store discovery kiosks that let shoppers try free product samples and discover new brands while shopping.

AdTechMarketing TechRetail Tech

Co-investorsBeringea

Freeosk operates interactive in-store kiosks that dispense free product samples and sell retail media to CPG brands.

Gradient Cyber provides Managed Extended Detection and Response (MXDR) built for mid-market organizations, using its Quorum AI platform to run an 8-stage pipeline that normalizes, enriches, correlates, and responds to telemetry from endpoint, network, cloud, identity, and SaaS sources.

AI & Machine LearningCybersecuritySaaS

Insellerate is an enterprise CRM, customer experience, and AI platform for financial institutions, unifying customer, household, product, account, and conversation data into one configurable system.

AI & Machine LearningFintechSaaSSales Tech

Josh Friend(CEO & Founder)

Co-investorsThe Argentum GroupDecathlon Capital Partners

Integrated Home Care Services (IHCS) is a home care benefits manager that coordinates and delivers home-based care, managing administrative functions such as network development, credentialing, utilization management, and claims for health plans, managed care organizations, and providers.

Digital HealthHealthtech

Intelligent Locations builds INTRAX, a cloud-based real-time location system (RTLS) that tracks assets, patients, staff, and environmental conditions in hospitals, with AI-powered analytics and reporting.

AI & Machine LearningHealthtechIoTRaleigh, US

Bogdan Nedelcu(Executive Officer, Director)in

Co-investorsHealthX VenturesMarlin Equity Partners

Kno2 operates a healthcare communication network that connects EHRs, clinical systems, and workflows through a single Communication API and a web-based portal (Kno2fy), supporting exchange formats from fax to FHIR, Direct Secure Messaging, and HL7.

Digital HealthHealthtechSaaS

Lender Price offers a cloud-native, AI-driven pricing platform for banks, credit unions, wholesale lenders, and mortgage servicers, including an enterprise product and pricing engine, broker/lender marketplaces, capital markets automation, and a non-QM pricing engine.

AI & Machine LearningFintechSaaS

Dawar Alimi(CEO)

Co-investorsThe Argentum Group

Medicinal Genomics develops qPCR and DNA sequencing tools for safety, pathogen and strain-identity testing of cannabis and natural products.

PCMI is a provider of cloud-based administration software for F&I products, warranties and service contracts.

Perceptyx offers an employee experience and survey platform that connects with HR systems, and its integration ecosystem links to a wide range of HRIS, payroll, applicant tracking, and identity management tools.

AI & Machine LearningEnterprise SoftwareFuture of WorkHR TechSaaS

John Borland(Founder)in

Co-investorsDelta-v CapitalInterlock PartnersTCV

Selerix provides benefits administration software that handles enrollment, eligibility, healthcare compliance, and employee engagement, paired with a dedicated support team.

HR TechInsurTechSaaS

SmartCommerce operates Click2Cart, a technology that turns product mentions across media and brand websites into one-click, direct-to-cart links routing high-intent shoppers to in-stock retailer carts.

AdTechE-commerceMarketing TechRetail TechAtlanta, US

Jennifer Silverberg(Founder & Chief Brand Officer)Gregory Taylor(Chief Executive Officer)Vadim Tarasov(Executive Officer, Director)

Co-investorsThe Argentum Group

Stamus Networks develops Clear NDR, a network detection and response system built on the Suricata open-source engine that converts network traffic into security insights for security operations teams.

AI & Machine LearningCybersecurityData & InfrastructureEnterprise SoftwareIndianapolis, US

Eric Leblond(Executive Officer, Director)Kenneth Gramley(Executive Officer, Director)Peter Manev(Co-founder)Éric Leblond(Co-founder & CTO)Ronda Schwartzkopf(Executive Officer, Director)Ken Gramley(CEO)

Co-investorsElevate VenturesNTV Prosperity

Sware offers the GxP Suite, a SaaS validation platform (Res_Q) that uses AI agents to manage software, plant/equipment, and medical device validation while maintaining audit readiness.

AI & Machine LearningHealthtechSaaSChelsea, US

Bryan Ennis(Co-Founder & Chief Quality Officer)inELLEN REILLY(Executive Officer, Director)BRYAN ENNIS(Executive Officer, Director)Ellen Reilly(Chief Executive Officer)inTheresa Pauzer(Chief People Officer)inEvan Raggi(Chief Commercial Officer)in

Co-investorsInsight PartnersJumpstart CapitalNew Stack VenturesLRVHealth

SynergySuite provides an AI-powered back-of-house management platform for multi-unit and franchised restaurant chains.

Benefits self-enrollment and call center technology company; combined with Selerix.

TPN.health is a behavioral health platform combining continuing education, verified provider profiles, and care matching to support value-based care.

Digital HealthHealthtechMental Health

Tracer is a data intelligence platform that consolidates business data sources and enriches them with business context.

Transformative Pharmaceutical Solutions (TPS) provides technology-enabled clinical trial monitoring and site management services.

Healthcare sector company that identified a partner with First Analysis's advisory support.

VIDA Diagnostics develops AI-powered lung CT imaging software and analysis services for pulmonary disease diagnosis and treatment planning.

ViralGains is an advertising platform that collects zero-party consumer data by gathering real-time feedback within ads, using it to build more personalized ad experiences.

AdTechData & InfrastructureMarketing TechSaaSBoston, US

Dan Levin(President, COO, and Co-Founder)inKate Willett(Executive Officer, Director)Tod Loofbourrow(Chairman and CEO)Cindy Brown(CRO)Safaa Lafnoune(VP of Product)Brian Mulderrig(Chief Commercial Officer)

Co-investors500 GlobalBantam GroupLaunchCapitalMontage CapitalOrigin VenturesPallasite Ventures+4 more

ViralGains is a Boston-based advertising technology company using interactive ads and surveys to collect zero-party data for brands.

Co-investorsRuna Capital

Simplifies candidate sourcing and outreach through crowdsourcing and advanced AI to help recruiters build diverse candidate pipelines

Joss Leufrancois(Founder)in

Co-investorsData Point CapitalDubai Angel InvestorsNewfund CapitalUrban InnovationEmergence Capital PartnersHinge Capital+3 more

Sausalito-based employee engagement software that crowdsourced and prioritized workforce feedback; acquired by Perceptyx in 2021.

Sausalito, US

Jeff Snipes(Director)Michael Papay(Executive Officer, Director)

BoardJoe Abrams(Director)Ignace Goethals(Director)

Co-investorsFundersClub

Wimba is a provider of collaborative and voice-based communication software for colleges, universities and other education providers.

Co-investorsGefinor CapitalThe Argentum GroupABS Ventures

Yello provides a campus and early-talent recruiting platform with an AI agent that automates event building, candidate sourcing, and interview scheduling.

AI & Machine LearningHR TechSaaS

Jason Weingarten(Co-founder)Dan Bartfield(Co-founder)

Co-investorsJMI EquityMultiplier CapitalThe Argentum Group

Yunu offers a clinical trial imaging platform that harmonizes imaging workflows, data, and compliance from initial scan through trial submission, cutting turnaround times and reducing manual work.

AI & Machine LearningBiotechHealthtechMedical DevicesSaaS

Jeffrey Sorenson(Chief Executive Officer)Gael Kuhn(Chief Technology Officer)Dr. Gordon Harris(Chief Science Officer)Lindsay Fleming(Chief Marketing Officer)Patrick McNamara(Chief Commercial Officer)in

Co-investorsSpring Mountain Capital