FirstPartyCapital (FPC), an early-stage venture capital firm specialising in adtech, martech, and digital media, announced a strategic investment from DoubleVerify, a leading software platform for digital media measurement, data, and analytics.
This funding strengthens FirstPartyCapital’s mission as a sector-focused fund supporting scalable ad tech startups globally while reinforcing DoubleVerify’s commitment to driving innovation in digital advertising by backing early-stage and AI-based companies.
Since 2023, DV has demonstrated its commitment to the adtech startup ecosystem by investing in and acquiring companies that drive innovation. And this includes Scibids, an AI-powered campaign optimization startup that enables brands to maximize real business outcomes, and Rockerbox, a leader in marketing attribution and performance measurement. DV invested over $200 million through acquisitions to support the global adtech ecosystem, with strategic partnerships remaining a key priority.
FirstPartyCapital is an operator-led fund backed by 200+ industry insiders, including top adtech entrepreneurs and senior digital media executives. By investing in the FPC fund, DV is taking an always-on approach to fostering innovation, supporting cutting-edge solutions, and building strategic partnerships with startups shaping the industry’s future, reinforcing its commitment to advancing ad tech and the broader digital media ecosystem.
FPC launched its operator-run investment fund in 2021, recognizing a gap in optimal financing solutions. And the fund provides founders with access to capital and a network of hundreds of senior industry executives while offering investors a curated global portfolio of adtech, martech, digital media, and data startups. FirstPartyCapital’s portfolio includes companies such as Lumen, Evorra, Lightbox, Bedrock, Picnic, Good-Loop, Pixels, and more.
KEY QUOTES:
“This investment from DV marks a major milestone for our fund, reflecting the progress we’ve made since our inception. We’re proud to play a role in the industry’s evolution. With this capital injection, DoubleVerify becomes not only one of our largest investors but also a key partner to our portfolio companies as they scale. Partnering with one of the world’s leading technology companies is incredibly exciting for us and the entrepreneurs we support.”
– Rich Ashton, Managing Partner at FirstPartyCapital
“At DoubleVerify, we believe that fostering innovation in the adtech ecosystem benefits the entire industry—driving better outcomes for advertisers, publishers, and consumers alike. Our investment in FirstPartyCapital aligns with our commitment to supporting groundbreaking technologies that enhance performance, optimization, and AI-driven innovation. As the industry evolves, we will continue to explore strategic opportunities that push the boundaries of digital advertising and deliver measurable value.”
– Doug Campbell, Chief Strategy Officer at DoubleVerify
