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.
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Venture Capital Firm attributes
- Venture capitalVenture capital is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies, that have been deemed to have high growth potential or which have demonstrated high growth. Capital invested usually carries a substantial element of risk.