First Round Capital is a venture capital firm founded in 2004 by Joshua Kopelman and Howard Morgan. The firm is primarily based in West Conshohocken, Pennsylvania, although it also operates from Philadelphia, Pennsylvania; New York, New York; and San Francisco, California. As recent as February 2019, the firm is holding 210 companies in its portfolio and has sold off their shares in 202 companies. The firm’s most recent investment is in February 2019 for Castle, a network management software providing services in user security and account takeover prevention.
First Round Capital has invested in companies that are based in the United States. The firm prefers to fund companies that require capital in the seed and early stage. The firm tends to fund startups that are in the consumer-facing and Internet-enabled businesses (both B2C or B2B). The firm has managed to raise a total amount of $738 million in funds since its funding round in 2008. Its most recent funding series raised a total of $175 million in September 2016, and since October 2018 it is collecting capital for its next funding series, which was targeted to raise at least $200 million.
Timeline
Funded Companies
A company offering a visual and semantic recipe search engine and aggregator.
Roblox provides an online entertainment platform that allows users to build and play games and share them with others.
A microventure capital firm and syndicate in California that focuses on seed and early stage investments.
A technology company that has developed solutions for making and receiving payments. It was founded in 2009 and is located in San Francisco, California.
Uber Technologies Inc. is a transportation network company (TNC) headquartered in San Francisco, California.
Looker is a business intelligence software company providing data access tools to organizations and data analysts.
Labelbox is a training data platform with labeling tools, human workforce, data management, API and automation features for computer vision.
Sano is a technology company making a biometric sensor that provides users with information about how their body metabolizes glucose.
Notable Labs is a company providing personalized drug combination testing service for cancer patients.
An industrial biotech company developing a commercial bioprocess for manufacturing bio-based malonic acid.
A digital media company focused on women and women's issues. It was founded in 2005 and is located in New York City. It was acquired by Vice Media in 2019.
A New York City-based educational technology and artificial intelligence company founded in 2008 by Jose Ferreira.
Airware is a San Francisco-based company founded in 2011 by Jonathan Downey.
HotelTonight is a London-based company.
Planet Labs is a San Francisco-based satellite imaging company offering daily monitoring of images of the Earth.
An insurance technology company offering automobile insurance at a base rate combined with payments for miles driven.
Wonder is a research service company offering research work for consultants, agencies, and financial institutions.
Range Labs is a San Francisco-based software company developing tools for organizations, teams, and individuals be more productive and work together.
Flatiron Health is a startup that organizes real-time oncology data to help cancer patients and doctors.
An insurance technology company offering a telehealth platform for connecting doctors to employees through their company's health plan.
Sift Science is a San Francisco-based company founded in 2011 by Brandon Ballinger.
Carbon Engineering is building technologies to capture CO2 directly from the atmosphere, and to use that CO2 in the synthesis of clean transportation fuels that displace crude oil.
Lob is a company developing and building APIs for automating mail and customer communications with print media. It participated in the S13 cohort of Y Combinator.
Wearable device company founded in 2012 based in Kitchener, Ontario, Canada. The company was previously called Thalmic and changed their name to North in 2018.
Associated investment funds
People
Abdul Ly
Employee
Ben Cmejla
Employee
Ben Standefer
Employee
Bill Trenchard
Employee
Brett Berson
Employee
Camille Ricketts
Employee
CeCe Cheng
Employee
Charlie O'Donnell
Employee
Chauncey Kerr Hamilton
Employee
Chris Fralic
Employee
Christina Kelly
Employee
Christine O'Neill
Employee
Emily Carten lynch
Employee
Hayley Bay Barna
Employee
Heston Berkman
Employee
Howard L Morgan
Employee
Josh Kopelman
Employee
Kasie Clifford
Employee
Kate Hyman
Employee
Kevin Deggelman
Employee
Kevin Kaiser
Employee
Lucy Brady
Employee
Nat Turner
Employee
Paul Barnes
Employee
Phineas Barnes
Employee
Further reading
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References
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Venture Capital Firm attributes
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Previously co-founded Vungle. Now advisor + investor to early stage startups. - 4
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