First Move Capital Closes Fund III, at $150M
- First Move Capital, a Boston, MA-based investment firm, closed its third fund, at $150m
- Existing investors led the round, which also included OEMs, dealers, distributors, fleet management, remarketing, insurance
- Proceeds from the round will be exclusively allocated to new investments
- FM Capital focuses on early to mid-stage companies across a range of transportation technologies
- The firm typically invests between $5-10m in companies with transformative solutions in transportation at the series A stage and/or the first institutional round
- The firm has already invested Fund III proceeds in Tekion, Revolution Parts and Gatik
