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Venture capital firm

First Leaf Capital

Illinois investment firm funding startups, lending to small businesses and doing small private equity deals

First Leaf Capital cover

About First Leaf Capital

First Leaf Capital is an investment firm in Champaign-Urbana, Illinois. It puts money into startups, lends to small business owners and carries out small private equity transactions.

Services

  • Startup investment: venture equity and convertible notes.
  • Debt financing: venture debt, bridge notes, term loans and business lines of credit.
  • Alternative structures: partnership interests and revenue-based financing.
  • Micro private equity: small deals to buy into or acquire businesses.

Customers and markets

The firm likes hardworking entrepreneurs, products that solve real problems, advantages that are hard to copy and realistic goals. It says it decides quickly, uses simple terms and offers introductions and input from a founder who has done it before. Owners with a business or private stake for sale can also contact it.

Key facts

  • Based in: Champaign-Urbana, Illinois, USA
  • Funding: a family office plus outside capital through its FLC II institutional fund
  • Managing partner: Mark Aardsma, who has founded three startups
  • Portfolio news: GeoH, Surgical Innovation Associates

Profile written by TrustList from the business's own published information, Oct 2026.

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