FirstMark Capital

Overview

New York seed and Series A firm that is often the first institutional investor, with separate opportunity and growth vehicles. Wikipedia puts committed capital at US$3.5B as of 2024 and gives both 2005 and 2008 as the founding year. In September 2026 it filed Form Ds for FirstMark Capital VII and Growth V without disclosing sizes.

Notable portfolio companies

• Shopify
• Pinterest
• Airbnb
• DraftKings
• Discord
• Riot Games
• Upwork
• StubHub

Funds

LPs on the record

7 private foundations list on their latest IRS Form 990-PF, and 6 other LPs report holding FirstMark Capital’s funds.

• State of Michigan Retirement System (SMRS) Public pension plan · 8 funds
• Dow Employees' Pension Plan Corporate pension plan · 7 funds
• The Guardian Life Insurance Company of America Insurer · 6 funds

10 more LPs are in the app. Find LPs that back firms like this one in Hottub’s LP Intelligence: ranked by overlap, with what each holds and how to reach it.

Firms whose LPs overlap

The firms sharing the most LPs on record with FirstMark Capital, relative to how many LPs each has. A peer set like this is what Find LPs ranks LPs from.

• Altos Ventures 2 LPs in common
• New Leaf Venture Partners 2 LPs in common
• 5am Ventures 3 LPs in common
• Artiman Ventures 3 LPs in common
• Longwood Management LLC 2 LPs in common
• Presidio Partners Management, LLC 2 LPs in common

Find LPs for FirstMark Capital and these firms: Hottub ranks the LPs that hold their funds, the ones still adding funds first.

Track record

A score of 66 out of 100 from one of the 6 funds public LPs report, in the top half of its vintage. Its ranked funds’ median TVPI is 8.91x and median DPI 8.91x. Pooled where reports give cash flows: 8.91x TVPI, 8.91x DPI. That ranks it 17th of 123 managers with a score.

Each fund once, as the latest of 2 LPs’ reports ranks it by TVPI against funds of the same vintage in those reports; 50 is the median fund, and a short record is pulled toward 50. The full record in LP Intelligence, with each fund’s rank and what usually follows a fund like its latest, or every manager’s.

Reported fund performance

As reported by public LPs that invested in these funds, net of fees. “Versus vintage” ranks each fund against every other fund of the same vintage in that LP’s report, mostly private equity and venture funds. Open a fund for its cash flows and full peer ranking.

State of Michigan Retirement System (SMRS): State of Michigan Investment Board Report: SMRS Private Equity, Net Market Value by Entity, as of December 31, 2025. The State of Michigan Investment Board lists each private equity entity with only two amounts, an "Adjusted Reported Value" (shown here as the market value, in whole dollars as printed) and an "Unfunded Commitment" (not shown). It reports no commitment amount, contributions, distributions, vintage year, multiple or IRR per fund, so committed, paid-in, distributed, total value, IRR, TVPI and DPI are blank; nothing is derived or estimated. The report does not define how the reported value is adjusted. Every entity in the Private Equity table is included as classified by the Board (buyout, growth, venture, secondaries, co-investment and separate-account vehicles); the Real Estate and Infrastructure, Real Return and Opportunistic, and Absolute Return tables are not imported. The entities add up to the Board's printed Total of $24,750,150,762 reported value and $7,378,170,291 unfunded; its "Short Term Investments and Other" and "Income Accruals" lines are not funds and are left out. 4 entities are marked by the Board as new commitments made during the quarter. View source

NYC Police Pension Fund: New York City Police Pension Fund Private Equity Quarterly Report (Public): fund schedule, as of March 31, 2026. From the Private Equity Quarterly Report (Public) in the fund's quarterly investment meeting package, a portfolio report that carries Aksia's legend, published by the New York City Comptroller's Bureau of Asset Management. The report is dated "As Of Mar-2026", taken here as that month's last day. The schedule's return column is headed "Current Quarter IRR"; the footnote to its PME Spread column calls it "the Net IRR", and the portfolio figure in that column is 11.0%. TVPI is the printed "Multiple" (it equals (total distributions + market value) / total contributions); total value = total distributions + market value and DPI = total distributions / total contributions are computed. Contributed is the report's "Total Contributions" and vintage its "Vintage". IRR is blank where the report prints n.m. (55 investments; the report says IRR is not meaningful for investments held less than 24 months) or leaves the cell empty (3 investments: Celtic Pharmaceutical Holdings; Markstone Capital Partners; Medica III); the multiple is blank where the report prints n.m. (18 investments with nothing contributed) and, here, for 1 investment whose contributions are negative as printed (Warburg Pincus Financial Sector III), since a multiple of negative contributions is not a return multiple; 2 rows carry a negative market value as printed. Included are 213 active investments and 165 investments the schedule marks "Liquidated" (none has a remaining market value): funds, co-investment vehicles and emerging manager vehicles (the schedule gives no strategy per row). The schedule also has 4 rows (NYCP - 2012 Emerging Manager Program; NYCP - 2015 Emerging Manager Program; NYCP - 2019 Emerging Manager Program; NYCP - Evergreen Emerging Manager Program) for program vehicles whose funds it lists one by one: the other 378 rows add up to the printed Total Portfolio ($13,668,939,880 committed, $5,838,773,651 market value), and the 213 of them not marked liquidated match the report's count of 213 active investments, so those program rows are left out rather than counted twice. Real estate, infrastructure and credit are reported separately and are not imported. View source