First Round Capital
Venture Capital Est. 2004
≈USD 395M
Est. FUM
Sum of 2 funds raised 2016–2018; larger than the total stated by an earlier estimate
- Type
- Venture Capital
- HQ
- San Francisco, CA, United States
- Founded
- 2004
- Last fundraise
- 2018 (USD 220M)
About
First Round Capital is a specialist very early stage (including pre-seed, seed, angel rounds) investor. As our name suggests, no idea is too early. We love rolling up our sleeves to help build from day one. First Round has deep expertise an extensive network across the startup community, and the entrepreneurs we invest in have full access to our connections and insight. More than most venture firms, we help startups with the most difficult problems they face, including hiring, fundraising and business issues. We do not invest in later stage rounds except for follow-on rounds of our portfolio companies. Although our investment tend to cluster around enterprise, consumer, hardware, fintech and healthcare, we invest in all sectors.
Strategies
Venture Capital
Sources
Locations & investment markets
Office · San Francisco, United States
Office · New York, United States
Office · Philadelphia, United States
Investment market · United States
First Round says it tends to focus exclusively on U.S.-based companies, while noting a few exceptions; this is a qualified investment-geography mandate, not a claim of exclusivity without exceptions.
Capital and location details checked 2026-10-12.
Investment Focus
Investment size
USD 500K - USD 2M
Reported investment size. Actual commitments may vary by stage, ownership and follow-on participation.
Investment Stages
Stages
Seed Series A Series B
Investment Geographies
Primary Markets
United States
Coverage
Country-focused Regions
North America
Coverage is a guide only.
Location
Office Presence
1 country
United States
3 known offices
San Francisco, CA, United States (HQ)
New York, NY, United States
Philadelphia, PA, United States
Fundraising
Deals & Activity
Tracked Deals
1
Most common deal types
Series A (1)
Recent tracked deals
Assort Health
Series A - 2025
$22M
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