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Firstbase has raised $65.0M across 3 funding rounds.
Key people at Firstbase.
Firstbase has raised $65.0M in total across 3 funding rounds.
Firstbase.io offers an integrated operating system for global entrepreneurs launching and managing US businesses. The platform centralizes back-office functions like incorporation, compliance, bookkeeping, and tax services. This digital solution automates complex administrative processes, allowing founders to efficiently establish and maintain their US entities.
Mark Milastsivy, CEO, and Rameel Sheikh, COO, founded Firstbase.io in 2019. Their insight addressed the significant hurdles international entrepreneurs faced when forming and operating US businesses. They aimed to democratize access to the American business ecosystem through a unified platform, simplifying foundational and recurring operational challenges.
The company serves founders worldwide building US-based businesses. Firstbase.io’s vision empowers these entrepreneurs by making sophisticated business formation and operational tools universally accessible. It strives to reduce administrative complexity and foster opportunities for a broader spectrum of founders entering the US market.
Key people at Firstbase.
# Firstbase: A Technology Company Overview
Firstbase operates as two distinct but related businesses serving different markets. The primary Firstbase (firstbase.com) is a Hardware-as-a-Service platform that enables distributed enterprises to equip and manage remote workforces globally[1][3]. The company provides a comprehensive solution for deploying, maintaining, and recovering physical IT assets—from laptops and monitors to peripherals—across 190+ countries[1]. It serves major technology companies including Spotify, Cloudflare, UiPath, and SentinelOne[1].
A secondary Firstbase (firstbase.io) operates as an all-in-one company OS for U.S. business formation, helping founders incorporate, access growth tools, and manage compliance from a single dashboard[2][4]. This division has served over 15,000 founders from 180+ countries[2].
The core problem Firstbase solves is the operational complexity of managing distributed workforces and the friction of business formation. For enterprises, it collapses the hardware lifecycle—onboarding, offboarding, repairs, and asset recovery—into a streamlined, automated process[1][3]. For founders, it eliminates the bureaucratic headaches of incorporation and compliance[4].
Firstbase was founded in 2016 and is headquartered in New York[3]. The company's origin story centers on founder Chris Herd's personal moment: while traveling for work, he missed his daughter's first steps, sparking a mission to build a world where talent could perform their best work without sacrificing life's important moments[1]. This insight directly shaped the company's embrace of distributed work from inception—Herd made Firstbase its own first customer, learning firsthand the operational challenges of equipping remote teams[1].
The company evolved from solving the "hardware side" of distributed work management, shipping equipment globally and managing asset lifecycles, into a broader vision[1]. Recently, Firstbase announced a merger with AppDirect to create what it describes as "the world's first true B2B Everything Store," combining hardware lifecycle management with software and services procurement[1].
For the business formation side, Firstbase differentiates through automation of compliance, integration with banking and payroll providers, and transparent, flat pricing[4].
Firstbase operates at the intersection of two major trends reshaping how work happens. First, distributed and hybrid work is now permanent infrastructure, not a temporary shift[5]. As companies build globally distributed teams, the operational burden of managing physical assets across borders has become a critical pain point—one that traditional IT procurement and logistics cannot efficiently solve.
Second, the startup formation market is ripe for digitization. Incorporation, compliance, and business setup remain fragmented across government agencies and service providers. Firstbase's automation of this process aligns with broader fintech and legal-tech trends democratizing access to business services.
The company's merger with AppDirect signals a broader consolidation trend: enterprises increasingly demand unified platforms that collapse software, hardware, and services procurement into single workflows. This reflects CIOs' desire for operational simplification and visibility across sprawling technology stacks.
Firstbase is positioned at a critical inflection point. The Hardware-as-a-Service market is nascent but growing—industry projections suggest 70% of companies will adopt MDLS (Managed Device Lifecycle Services) providers by 2028[5]. As remote work becomes the default for knowledge workers globally, the company's ability to automate asset management at scale becomes increasingly valuable.
The AppDirect merger represents an ambitious bet: transforming Firstbase from a hardware specialist into a comprehensive B2B procurement platform. Success depends on seamlessly integrating software and hardware workflows—a technical and organizational challenge, but one that could position Firstbase as the "physical-world AWS" the company aspires to become[3].
For the business formation side, growth will hinge on expanding beyond U.S. incorporation into international markets and deepening integrations with banking, payroll, and compliance partners[4].
The company's trajectory suggests Firstbase is betting that operational efficiency and visibility across distributed infrastructure—both human and physical—will become a core competitive advantage for enterprises in the next decade.
Firstbase has raised $65.0M in total across 3 funding rounds.
Firstbase's investors include Kleiner Perkins, 2045 ventures, Accomplice VC, Afore Capital, Alpaca VC, Alumni Ventures, Andreessen Horowitz, Aux21 Capital, Banana Capital, Contrary Capital, Forum Ventures, Golden Ventures.
Firstbase has raised $65.0M across 3 funding rounds. Most recently, it raised $50.0M Series B in March 2022.