First Star Ventures

VC Cambridge, United States · Founded 2014

First Star Ventures invests in visionary, technical founders at the pre-seed stage who are developing frontier computing technologies, including AI, machine learning, decentralization, edge computing, and techbio, to transform massive industries. They focus on companies with the potential for rapid growth and defensible technology, prioritizing teams and technologies over existing traction.

About First Star Ventures

First Star Ventures is an early-stage venture firm with a thesis emphasizing technical and deep tech investments. The firststar.vc website and the firm’s social presence point to a generalist deep tech mandate rather than a defined healthcare practice, but the firm has historically been comfortable with frontier technology including life sciences-adjacent tools and computational platforms. For healthcare AI founders, First Star is a plausible fit only if your business has serious technical defensibility: foundation models for biology, novel medical imaging architectures, computational chemistry, or AI infrastructure with healthcare as a primary application. Founders building digital health apps, telehealth, or healthcare services with light AI features should look elsewhere; the firm rewards technical depth, not vertical SaaS execution. Plausible check sizes run 500K to 2M at seed, with selective follow-on. Founders should expect technically substantive diligence: the partners will want to understand your architecture, training data provenance, and why your approach is durable against well-resourced competitors. Entry path is LinkedIn outreach to partners with a one-paragraph technical positioning, or warm introduction through deep tech operators and academic labs in their network. The firm participates in technical conferences and reads inbound; cold outreach can work if the pitch is technically credible from the first sentence. Bring your technical co-founder to the first meeting. Do not pitch market size and growth metrics first; pitch the technical wedge, the data moat, and the science. If your story is fundamentally a go-to-market story rather than a technical one, this is not the right fund for you.

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Healthcare AI tools backed by First Star Ventures

Tools made by companies in First Star Ventures's portfolio that we cover in the directory.

LungQ Software
Thirona Corporation
Oncology AI
LungQ by Thirona is an AI-powered software for comprehensive analysis of thoracic CT scans, providing quantitative insights for the diagnosis, treatment planning, and follow-up of various lung diseases. It offers advanced segmentation and quantification of lung structures, including airways, vessels, and parenchyma, and is FDA-cleared for clinical use.
RetCAD
Thirona
Ophthalmology AI
RetCAD is a CE-certified AI software product from Thirona that analyzes color fundus images for the presence of Age-related Macular Degeneration (AMD) and Diabetic Retinopathy (DR), aiding in early detection and grading of these vision-threatening conditions.

Portfolio companies in our directory

Other portfolio companies

Companies in First Star Ventures's portfolio not currently in our directory.

Team

Drew Volpe
Founding Partner
Millie Liu
Founding Partner
Teddy Blank
Partner

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Last updated 2026-05-06. Sourced from this fund's published materials.
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