FirstTracks Ventures

FirstTracks Ventures is a Denver, Colorado-based seed-stage venture capital firm founded in 2014 by Jon-Erik Borgen and run as a family-led operation. The firm focuses on the earliest stages of company formation, deploying initial checks of $50,000 to $200,000 across a broad range of technology sectors, including SaaS, internet of things, mobile workforce management, e-commerce, telehealth, and fintech. Denver and the broader Mountain West technology ecosystem form the primary sourcing ground. Since inception, FirstTracks has invested in over 33 tracked companies across more than 35 total investments. The portfolio has produced one IPO and eight acquisitions, reflecting an active exit record for a fund operating at the earliest stages. Notable companies include GoSpotCheck, a workforce management platform that was acquired; Galvanize, a data analytics and cybersecurity education firm acquired by Diligent; and Gauzy, a smart glass technology company that reached a public listing. The concentrated check size allows the firm to make many small, high-conviction bets across technology sectors. FirstTracks operates as a hands-on, founder-friendly investor comfortable entering companies at the pre-seed or seed stage, before institutional investors arrive. The family-run model enables patient capital deployment with long time horizons, well suited to helping early-stage Colorado technology founders build and scale their businesses over multiple fund cycles.