First Move Capital: Closes Fund III, at $150M

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