First Light Ventures

First Light Ventures (FLV) is an independent fund within the Gray Ghost Ventures’ family of initiatives. The fund serves as an incubator and investment partner to seed-stage, for-profit social ventures. FLV’s unique investment strategy is designed to accelerate the successful development of scalable and sustainable social enterprises that provide goods and services to low-income customers in emerging markets around the world. FLV distinguishes itself by focusing on pilot or proof-of-concept-stage business models and is characterized by small deal size, high volume, and tolerance for the risks associated with seed-stage investing.