FirstIgnite

FirstIgnite

Private
Traverse City, MichiganAI, Data & Cloud Infrastructurehttps://www.firstignite.com

Last Round

Series A

May 24, 2024

Est. Valuation

$10M

Total Funding Raised

$7.65M

Momentum Score

25 /100

Company Overview

FirstIgnite is a technology company that provides an AI-powered business development platform designed to connect scientific and academic organizations with industry partners. The company's software functions as a marketplace, using artificial intelligence to analyze scientific literature like patents and research publications to match university innovators with suitable corporate partners. Its platform aims to streamline the process of marketing university research, identifying relevant companies, and connecting with key decision-makers, thereby helping universities commercialize their technologies.

Sector

AI, Data & Cloud Infrastructure

Verticals

Vertical SaaS, ML Platforms, Business Intelligence, Sales Enablement

Business Model

B2B

Customer Profile

Subscription SaaS, Data as a Service, Freemium

AI Layer

Application

Keywords

technology transferresearch commercializationuniversity-industry collaborationpartner discoveryAI matchingTTO softwareinnovation scoutingsponsored researchIP licensingautomated prospectingresearch intelligenceB2B SaaSvertical SaaSnational lab partnerships

Historical Pricing

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Caplight Momentum Score

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FirstIgnite Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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FirstIgnite Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
Series AMay 24, 2024
Pre SeedMar 27, 2024
SeedAug 13, 2021
Pre SeedOct 6, 2020

Key People

Founding team and executive leadership

Cody Pawlowski

Co-Founder CTO

Founding Team

Chase Bonhag

Co-Founder CEO

Founding Team

Robert Bonhag

Chief Financial Officer

Executive Team

FirstIgnite Investors

Notable investors and investment history

InvestorRounds
Illini AngelsPre Seed
Kinetic VenturesSeries A
Advisors.FundSeries A, Pre Seed
GaingelsSeries A
Michigan RisePre Seed
Asymmetry VenturesSeries A
Y CombinatorSeries A, Pre Seed, Seed

Market signals

Structured signals derived from secondary market and firmographic data.

  • Oct 1, 2025

    Reached over 150 university customers across 6 continents.

  • Aug 12, 2025

    Job posting claims self-funded status, conflicting with other venture-backed claims.

FirstIgnite Filings

SEC and related filings with document metadata.

TypedDateAmount OfferedAmount SoldFillingPagesDownload
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FirstIgnite Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about FirstIgnite's valuation, stock price, and market status.

Firmographic Details

HeadquartersTraverse City, Michigan
Employee Range28
Year Founded2019
Last FundingMay 24, 2024

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