This year’s Zero Gap Fund: 2023 State of the Portfolio report marks a significant milestone in The Rockefeller Foundation and MacArthur Foundation's journey towards advancing UN Sustainable Development Goals. Now in its fifth year, #ZeroGapFund has committed $30 million and mobilized $1.04 billion. This impact investing collaborative, which invested in our Series A in 2021, advanced our work to address funding gaps for underserved small businesses through innovative finance. Together, we're fostering inclusive economic opportunities and driving meaningful impact in diverse communities. Explore the full report: https://hubs.ly/Q02G5YmW0
Founders First Capital Partners
Financial Services
San Diego, California 6,095 followers
Helping companies grow and scale through strategic advisory and revenue-based investment.
About us
National lender serving BIPOC, veteran, LGBTQ+, & women-owned businesses, as well as businesses in LMI zones & those committed to diverse hiring practices. Helping accelerate business growth through our Revenue-Based Funding products & Advisory Services. Together, we can create more jobs, increase your revenues and bottom line, and provide more growth capital to help your business. We’re backed by the nation’s top philanthropic organizations, so that we can fund you with the right capital.
- Website
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http://foundersfirstcapitalpartners.com
External link for Founders First Capital Partners
- Industry
- Financial Services
- Company size
- 11-50 employees
- Headquarters
- San Diego, California
- Type
- Privately Held
- Founded
- 2015
- Specialties
- Revenue Based Loans, Financing, Small Business Loans, Business Loans for women, minorities, & veterans, and Financing underserved business owners
Locations
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Primary
9920 Pacific Heights Blvd
Suite 400
San Diego, California 92121, US
Employees at Founders First Capital Partners
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Ken Ruggiero
Co-founder and CEO
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Adam Riggs-Zeigen
Strategic Product Leader with a Proven Record in SaaS, Mobile Apps & AI
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Kim Folsom (She/Her)
Founder, Chairperson and CEO Founders First, Independent Board Member CSFDC, Keynote Speaker (We're Hiring!!)
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Barbara Clarke
Creating a world where women, especially women of color, succeed in business. Technology Investor in high impact global solutions.
Updates
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Join us on Tuesday, July 16 at 11:00 AM PST/2:00 PM EST for our online session, "The Power of Partnering with an Alternative Lender." Kush K. from the Founders First team will walk you through the benefits of partnering with alternative lenders like Founders First Capital Partners. Register now: https://lnkd.in/g2V_AZSb #webinar #partnership #growthcapital
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Today we celebrate the values of independence, freedom, and opportunity that make our country great. As we reflect on the history of our nation, let's also look towards a future with a more inclusive economy for all. Wishing you a safe and joyous Independence Day! #4thofJuly #IndependenceDay
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Founders First Capital Partners was proud to present at the White House this week on our work with our partners to foster a connected ecosystem growing diverse suppliers with the Hyphen Initiative for Inclusive Entrepreneurship. Launched in 2021 by the U.S. Department of the Treasury, Vice President Kamala Harris, and national philanthropy, aligned with the State Small Business Credit Initiative (SSBCI), we’ve worked so far with 1,400 diverse suppliers across the country to bring the funding readiness and capital they need to grow. Special thanks to our co-leads of IIE, JumpStart Inc., Mission Driven Finance™, The Aspen Institute, Next Street, and Nowak Metro Finance Lab, as well as to our partner New York Empire State Development and members MacroBites and 19th & Park Inc. for sharing their stories in DC. We’d also like to thank our collaborating partners in the Supplier Innovative Finance Program pilot underway, which include so far: Pipeline Partners: LBAN/Latino Business Action Network, Small Business Majority, National Veteran Business Development Council - NVBDC, National Minority Supplier Development Council (NMSDC), DFW Minority Supplier Development Council, Northwest Mountain Minority Supplier Development Council, TRISTATE MINORITY SUPPLIER DEVELOPMENT COUNCIL INC, Michigan Minority Supplier Development Council, New York & New Jersey Minority Supplier Development Council, Inc., Kansas Department of Commerce, Ohio Department of Development and more. Capital Partners: Business Consortium Fund, Daintree Capital, Cirrus Capital Partners, Pursuit, Now® , Community Reinvestment Fund, USA, Ponce Bank, Cooperative Federal , Lendistry and more With billions in public and private spending over the next decade, we’re looking forward to leveraging these partnerships to help make economic equity possible for more small businesses. We’re excited about the future of IIE as it transitions to the team at the Milken Institute, who we’re to honored to partner with to advance #inclusivecapitalism
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Happy Juneteenth! Today holds immense significance in our nation's history as a symbol of freedom and equality. Let's take this opportunity to reflect on the progress we have made and continue to work towards a more inclusive economy and society. #Juneteenth #Equality
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Funded Deal Announcement! Founders First Capital Partners has provided growth capital to an innovative facilities services company based in Los Angeles, CA. This addition to our portfolio is set to utilize this funding to drive major growth initiatives and overcome capacity limitations.🚀 #funding #entrepreneurship #growthcapital #smallbusiness
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Want steady business growth? Kim Folsom (She/Her), CEO and Founder, Founders First Capital Partners discusses the "zebra" model in her latest feature with Inc. Magazine focusing on sustainable, manageable growth without losing control to investors. https://hubs.la/Q02zPT110 #Entreprenuership #BusinessStrategy #Growth
Want to Achieve Steady Business Growth? Take a Ride on a Zebra
inc.com
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Exciting News! 🎉 Founders First has just provided another round of non-dilutive growth capital to one of our dynamic portfolio companies! The infusion of follow-on funding will empower them to expand their team and supercharge their marketing initiatives. #funding #investment #growthcapital
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In 2023, amidst economic turbulence, Founders First remains resolute in its mission to foster economic equity. Here are some of the results we're proud to have supported our members in achieving: 🔵 $395 million in revenues, showing their collective strength 🔵 45% of members to-date are certified diverse suppliers, with opportunity to grow with private and public sector contracts, capital, and coaching 🔵 51% of new jobs created are premium wage with benefits, showing the economic impact our members are having on their surrounding communities nationwide #economy #impact #entrepreneurship
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We are proud to announce the Phase 2 Supplier Innovation Finance Program grant finalists! Congratulations to the 26 certified suppliers on your achievement. The next round of grant finalists will be announced in June! Applications for the next round end May 31, 2024. https://lnkd.in/gt8y3tG9 Join us in celebrating these inspirational businesses! - Warren Sawyers, Atlas Management Corporation - Dr Kalyn Romaine , Dream Forward Consulting - Neelima Parasker, SnapIT Solutions - Lamar Newton Sr., Newtronic Network Solutions LLC - Sunitha Chandy Psy.D., Artesian Collaborative Training - Kendrick Faison, SpatialGIS - Constance Jones, MSHRM, HJ Staffing - Christopher Readus, CleanJet LLC - Michael Dyer, Cornerstone Tech, Inc - Yvonne Escobedo, Esco Aerospace - Clyde Harden, Harden Enterprise Service LLD - Jay Torres, iDentity - Gloria Towolawi, Get Hire Staffing - Dr. William Hill, DNP, UnCharted Territory Solutions - Lien Dastgir, KAD Engineering PLLC - Dr. Chelsea Mooreland, Life Cycle Direct Primary Care - Dana M. Armenteros, The W Buchanan Group LLC - Becky Riess, Thumbprint Fulfillment - Darian Coker, CC Paving and Excavating - Sammi Bivens, Digital Marketing Maven Associates - Rehman Naeem, Pro Builders Material - Gladys Vonglahn, Gladys' Cleaning Service / GCS Cleaning Enterprises - Greg Williams, Honesty Construction Group - Nydra Osei-Kissi, Turner Consulting & Therapy Services - Andrzej Szczepaniak, Chiavaris - Shelley Iocona, ON ITS AXIS
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