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First In

Venture capital firm in Hobe Sound, FL. Its funds have reported $155.6M raised on SEC Form D since 2025.

ActiveVenture capital fundNew SEC filing · Sep 17, 2026
Updated Oct 22, 2026·Latest SEC filing Sep 17, 2026·Suggest an edit

About First In

First In is a venture capital firm based in Hobe Sound, FL. Since October 2025 it has filed Form D notices for ten funds. The largest, First In Ventures Fund 3 SBIC Critical Technologies LP, reported $51.6M raised from 56 investors.

Funds

First In has ten funds on file with the SEC, which have reported $155.6M raised.

Funds
10
on file with the SEC
Raised
$155.6M
across these funds
Largest fund
$51.6M
First In Ventures Fund 3 SBIC Critical Technologies LP
Latest fund
Ventures Fund II LP
filed Sep 17, 2026

Funds (SEC Form D)

FundFirst filedAmount raisedTargetInvestors
First In Ventures Fund II LPVenture capital fund · 3(c)(1) · Form D ↗Sep 17, 2026$21,762,626Not set60
First in Scatr 2024 LLCVenture capital fund · 3(c)(1) · Form D ↗Sep 17, 2026$6,626,000$6,626,00026
First In Patriot Smack LLCVenture capital fund · 3(c)(1) · Form D ↗Sep 17, 2026$16,817,500$16,817,50051
First In Patriot Castelion LLCVenture capital fund · 3(c)(1) · Form D ↗Sep 17, 2026$17,623,678$17,623,67842
First In Patriot Antithesis LLCVenture capital fund · 3(c)(1) · Form D ↗Sep 17, 2026$4,315,000$4,315,00021
First In Liberty Castelion LLCVenture capital fund · 3(c)(1) · Form D ↗Sep 17, 2026$23,920,004$23,920,00461
First in Castelion B 2024 LLCVenture capital fund · 3(c)(1) · Form D ↗Sep 17, 2026$9,080,000$9,080,00032
First in Castelion 2024 LLCVenture capital fund · 3(c)(1) · Form D ↗Sep 17, 2026$2,635,000$2,635,00019
First in Adlumin 2023 LLCVenture capital fund · 3(c)(1) · Form D ↗Sep 17, 2026$1,241,500$1,241,50012
First In Ventures Fund 3 SBIC Critical Technologies LPOther investment fund · 3(c)(7) · Form D ↗Oct 20, 2025$51,616,162Not set56

Amounts and investor counts come from each fund's latest Form D or amendment; the dated lines under an amount show what earlier filings reported. "Not set" means the fund did not give a target. Form D does not report returns.

Portfolio Companies

Companies where a First In partner sits on the board, according to the company's own Form D. A board seat usually comes with an investment, but Form D does not list investors.

CompanyLocationFirst In directorOn the boardLatest raise
Fortastra CorpTorrance, CAArthur Karell2026$32.5M ↗Sep 2026
Scatr Corp.Richmond Heights, OHForbes McPherson2025–2026$6.3M ↗Mar 2026
Vanguard Defense, Inc.Fullerton, CAArthur Karell2026$6.2M ↗Jan 2026
AnySignal, Inc.El Segundo, CAArthur Karell2024–2025$10.2M ↗May 2025

People

Partners and officers named on First In's fund filings.

FM
Forbes McPherson
Executive officer
On the filings for 10 funds.
AK
Arthur Karell
Executive officer
On the filings for 9 funds.
LK
Lenore Karafa
Executive officer
On the filings for 1 fund.

Sources

  1. SECEvery Form D filing behind this page is linked in the tables above.