First Trust Capital Partners, LLC (FTCP) invests balance sheet capital in early and growth stage companies across multiple industries, with a focus on financial services and healthcare technology. The firm is affiliated with First Trust Portfolios L.P. and First Trust Advisors L.P. and is based in Wheaton, Illinois.
Deal activity increased 200% year-over-year (6 deals in the last 12 months). Average disclosed round size is $48.8M (across 60 rounds with reported amounts).
Portfolio
59
Fund Size
—
Top Stage
Seed
Last 12 Mo
6
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
73 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Switchboard Health | Unknown | $5M | Aug 2026 |
 Karoo | Series A | $16.2M | Jul 2026 |
 Nadia | Unknown | $12M | Mar 2026 |
 Trussed AI | Seed | — | Feb 2026 |
 Brain-CA Technologies | Seed | $5M | Jan 2026 |
 Truemed | Series A | $34M | Dec 2025 |
 Base Power Company | Series C | $1B | Oct 2025 |
 Nectar Social | Pre-Seed | $10.6M | Jun 2025 |
| Base Power Company | Series B | $200M | Apr 2025 |
 Greenlite | Series A | $28.5M | Sep 2024 |
 Somite | Pre-Seed | $5.3M | Apr 2024 |
 Antora Energy | Series B | $150M | Feb 2024 |
 Switchboard Software | Seed | $6.5M | Jan 2024 |
| Switchboard Health | Seed | $6.5M | Jan 2024 |
 Valid8 Financial | Series A | $8.5M | Nov 2023 |
 Black Ore | Series C | $60M | Nov 2023 |
| Greenlite | Seed | $8M | Oct 2023 |
 Browse.AI | Seed | $2.8M | Aug 2023 |
| Karoo | Seed | $3.4M | Jun 2023 |
 StellarFi | Series A | $15M | Mar 2023 |
 Wellvana | Unknown | $84M | Jan 2023 |
 Valid8 | Series A | $8.5M | Jan 2023 |
| SSonara Health | Seed | $3M | Oct 2022 |
| SSonara | Seed | $3M | Oct 2022 |
 Upfront | Series C | $10.5M | Sep 2022 |
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Top Co-Investors
True Ventures8 shared
Spark Capital5 shared
Lowercarbon Capital4 shared
Techstars4 shared
Gaingels4 shared
8VC4 shared
Martin Ventures4 shared
Hyde Park Venture Partners4 shared
Andreessen Horowitz3 shared
Valor Equity Partners3 shared
Norwest Venture Partners3 shared
Kindergarten Ventures3 shared
Stanford's StartX Fund3 shared
Salesforce Ventures3 shared
bp ventures3 shared
Breakthrough Energy Ventures3 shared
Grok Ventures3 shared
Socii Capital3 shared
January Capital3 shared
Last updated: 20 October 2026