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Venture Capital
firstcheckventures.com

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Investments

17

Portfolio Exits

1

About First Check Ventures

First Check Ventures is a Latin American VC firm.

First Check Ventures Headquarter Location

Mexico City,

Mexico

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Latest First Check Ventures News

[Funding alert] Fintech startup GimBooks raises seed round from First Check Ventures, Y Combinator

Sep 11, 2021

{{monthName}} {{day}}, {{year}} Fintech startup GimBooks will use the funds to ramp up its team, product development, and increased marketing spends to accelerate customer acquisition. 3 CLAPS 0 GimBooks, the Raipur-based fintech startup focused on the SME segment, has raised undisclosed seed funding from a network of angel investors pooled by First Check Ventures through the US-based AngelList platform. The funding round was led by Ali Jamal, Founding Partner at First Check Ventures. Y Combinator also invested in GimBooks by infusing about $1,25,000. Team at GimBooks Speaking on the fundraise, Yash Raj Agarwal, Founder and CEO, GimBooks, said, “More and more SMEs of our country will continue to show an increased inclination towards digitisation and tech adoption in the years to come, and while leveraging on this trend, we at GimBooks, remain committed to continuously serving the SME ecosystem.” GimBooks — launched originally as an invoice-maker app — has evolved over the years into full-fledged bookkeeping, accounting, lending, and banking platform focused on the SME segment. GimBooks operates on a freemium model, and it already has 12,500 paid users. It is looking to cross 25,000 paid users by the end of the current year. The startup claimed its growth rate to be around 15-20 percent monthly and has reached nearly two million installs of its app. According to the Raipur startup, in the first quarter (April-May-June) of 2021, it registered a Rs 75 lakh in revenue and claimed to be on track to cross Rs 1 crore in the second quarter. GimBooks also allows users to digitally create GST-compliant invoices, waybills, purchase orders, challans, and further helps them to get access to loans, manage inventory and expenses, and keep track of various business documents. Edited by Suman Singh

First Check Ventures Investments

17 Investments

First Check Ventures has made 17 investments. Their latest investment was in Kambio as part of their Pre-Seed on April 4, 2022.

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First Check Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/26/2022

Pre-Seed

Kambio

$1M

Yes

2

4/6/2022

Series A

Treinta

$46M

No

3

3/31/2022

Seed VC

Pacto

$2M

Yes

3

3/29/2022

Seed VC

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$99M

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10

3/15/2022

Seed VC - II

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$99M

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10

Date

4/26/2022

4/6/2022

3/31/2022

3/29/2022

3/15/2022

Round

Pre-Seed

Series A

Seed VC

Seed VC

Seed VC - II

Company

Kambio

Treinta

Pacto

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Amount

$1M

$46M

$2M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

2

3

3

10

10

First Check Ventures Portfolio Exits

1 Portfolio Exit

First Check Ventures has 1 portfolio exit. Their latest portfolio exit was Yummy on October 28, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/28/2020

Acquired

1

Date

10/28/2020

Exit

Acquired

Companies

Valuation

Acquirer

Sources

1

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