Advising and investing in growth-focused B2B
tech companies for over 40 years.
Research at our core
At First Analysis, our approach is founded on comprehensive research and deep sector insights. We harness this knowledge to empower entrepreneurs, enterprises and their investors, transforming industry expertise and robust relationships into tangible results.
Transforming insight into impact
Our dedication to in-depth research isn’t just a part of what we do — it’s the cornerstone of how we add outstanding value to our partnerships. By delving deep into market trends and sector-specific dynamics, we equip our partners with the foresight and strategies they need to stay ahead.
Competitive differentiation
Identifying key differentiators and setting our partners apart in the marketplace
Product pricing
Helping set partners’ pricing levels and structure to optimize both value creation and customer ROI and alignment.
Positioning
Helping our partners communicate their value proposition to their end market and the investment community
Market sizing
Analyzing the magnitude of the market opportunity for our partners’ existing and potential future solutions, a key aspect of deciding where to focus resources
Targeting potential acquirers
Identifying and helping build relationships with potential strategic acquirers of our partners well in advance of a sale process
Follow-on investors
Finding value-add investors aligned with our partners’ goals
Channel partners
Identifying and connecting with the most synergistic channel partners
Acquisition targets
In cases where M&A can help our partners achieve their goals, identifying strategic acquisition targets
Board member recruitment
Tapping into an established network of industry leaders as valuable potential board members
Executive talent acquisition
Leveraging our research-cultivated network to identify and attract top executive talent
Access to specialized advisors
Introductions to industry leaders with specific expertise from which our partners can benefit
Governance structures
Advising on governance best practices to set partners up for success as they grow
Compensation plans
Advising on industry best practices for aligning compensation with value creation and talent acquisition and retention goals
KPI/metric reporting
Implementing industry benchmark key performance indicators (KPIs) and metrics
Personnel optimization
Advising on scaling and optimizing our partners’ teams
Industry benchmarks
Providing access to industry benchmarks for strategic planning
Venture
Capital
We don’t just invest – we partner. As the largest investor in our own funds, we engage deeply with each portfolio company. Our strategy? Selective investments in sectors in which our research provides differentiated insight, with a focus on building toward a successful exit. This means more hands-on board involvement, fostering stakeholder alignment and achieving high-quality results with favorable valuations.
Transaction
Advisory
Investment bankers define themselves by the processes they run, not the businesses they represent. Our advisory services extend beyond mere transaction facilitation – we empower entrepreneurs by helping them fully comprehend the growth investment opportunities available to them. We intentionally avoid prospecting private equity portfolio firms for future clients. Instead, we focus solely on the unique aspirations and desired outcomes of our partners.
Our core
services
Offering both venture capital and transaction advisory services significantly increases the value we bring to our partners. Insights gained from our venture capital investments directly inform our transaction advisory practices, providing us with a deep understanding of business dynamics and entrepreneur needs. In turn, our transaction advisory work, which involves regular interactions with potential investors and acquirers, feeds valuable market insights back into our venture capital strategies.
This synergy ensures we stay ahead of market trends, helping us offer well-rounded, strategic advice that translates into more informed decisions and better outcomes. We don’t just advise or invest — we build lasting partnerships that drive real value at every stage.
Creating partnerships for shared success for over 40 years
Select FIRST ANALYSIS portfolio companies and advisory transaction partners
This investment marks a pivotal moment in our growth trajectory. Mid-sized companies often confront the same sophisticated cyber threats as large enterprises but with significantly fewer resources. With First Analysis as our strategic partner, we’re committed to delivering the market’s most effective, scalable and transparent MXDR services – built on real telemetry, real humans and real results.
James Hamilton
CEO, Gradient Cyber
Since our founding, TBX has been dedicated to perfecting the self-enrollment experience and reimagining the call center’s role. We are thrilled to join forces with Selerix to expand our innovative approach to a broader customer base, setting new industry standards for benefits enrollment and administration. First Analysis played a crucial role in facilitating this transaction. The First Analysis team’s deep understanding of the industry and their strategic guidance allowed us to create a combination with the right partner who shares our vision for the future.
Joe Fernandez
CEO, TBX
First Analysis was an invaluable partner throughout this process. Their deep understanding of the healthcare sector and commitment to our vision enabled us to identify the right partner. Their expertise and guidance were critical to achieving this milestone.
Ben Albert
CEO and co-founder, Upfront
Cell and gene therapy products can cure many intractable diseases, but manufacturing is a major challenge. We invested in technology to overcome this and needed an experienced partner to help us scale operationally and financially. First Analysis shares our vision and brings deep industry knowledge and expertise. We look forward to working with them to continue to advance our mission.
Ruby Tsai
CEO, Applied StemCell
The life sciences industry is undergoing a transformation forcing organizations to rethink compliance. With its deep expertise in pharma tech and understanding of rapidly changing market dynamics, the First Analysis team is an ideal partner to join our syndicate of investors that brings operational knowledge and unique expertise from across the healthcare and life sciences industries. We are thrilled to have them as part of our team that’s helping eliminate validation debt once and for all.
Ellen Reilly
CEO, Sware
First Analysis played a pivotal role in advancing the partnership with Innovaccer. The team’s deep understanding of the sector was indispensable in articulating our vision and guiding us in this process.
Todd Sega
CEO, PQS
* The companies and executive comments presented are examples of companies and executives First Analysis Securities Corp. and First Analysis Capital Management LLC have worked with as an advisor or investor to help achieve business, capital raising and transactional goals. They are not intended to be a representative sample of all companies First Analysis has worked with. The testimonials by company executives are intended to highlight their experiences working with First Analysis. The experiences of other companies and company executives may differ from those presented. First Analysis did not provide compensation to the companies or company executives in connection with these statements. The statements are not a guarantee of future performance or success.