First Capital Fund

First Capital Fund is an early-stage venture capital fund managed by ID Ventures, the venture investment arm of Invest Detroit. The fund was created to provide milestone-based pre-seed and seed capital to high-tech startups in Michigan, with the goal of helping companies reach follow-on financing. It is not itself a biotechnology, pharmaceutical, or healthcare operating company, though it may invest in companies across sectors including life sciences. Publicly available sources indicate it has been active since 2017 and has invested in startups such as Opus Genetics, formerly Ocuphire Pharma. The entity is best characterized as an investment fund rather than a therapeutic developer or healthcare services company.