First Round Capital

First Round Capital

U.S-based venture capital firm investing on early-stage startups.

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.

Funding

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

Company
Description
Industry
Website
Location
yummly

A company offering a visual and semantic recipe search engine and aggregator.

Search engine (computing)
Redwood City, California
Square (company)

A technology company that has developed solutions for making and receiving payments. It was founded in 2009 and is located in San Francisco, California.

Software
San Francisco
FundersClub

A microventure capital firm and syndicate in California that focuses on seed and early stage investments.

Venture capital
San Francisco
Looker (company)

Looker is a business intelligence software company providing data access tools to organizations and data analysts.

Software
San Francisco
Uber

Uber Technologies Inc. is a transportation network company (TNC) headquartered in San Francisco, California.

E-commerce
San Francisco
Sano Intelligence

Sano is a technology company making a biometric sensor that provides users with information about how their body metabolizes glucose.

Health
San Francisco
Refinery29

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.

Fashion
New York
Notable Labs

Notable Labs is a company providing personalized drug combination testing service for cancer patients.

Brain
San Francisco
Lygos

An industrial biotech company developing a commercial bioprocess for manufacturing bio-based malonic acid.

Biotechnology
San Francisco
HotelTonight

HotelTonight is a London-based company.

E-commerce
London
Metromile

An insurance technology company offering automobile insurance at a base rate combined with payments for miles driven.

Software
San Francisco
Roblox

Roblox provides an online entertainment platform that allows users to build and play games and share them with others.

Entertainment
San Mateo, California
Planet Labs

Planet Labs is a satellite imaging company, headquartered in San Francisco, CA, which offers monitoring with daily updates. It was founded in 2010.

Artificial intelligence (AI)
San Francisco
Airware

Airware is an enterprise drone analytics company that enables businesses to harness aerial data and integrate it with existing information and workflows to improve efficiency, productivity and safety. The company provides aerial insights drone solutions for insurance, mining, construction and other industry.

Artificial intelligence (AI)
San Francisco
Sherpaa

An insurance technology company offering a telehealth platform for connecting doctors to employees through their company's health plan.

Insurance
New York
Flatiron Health

Flatiron Health is a startup that organizes real-time oncology data to help cancer patients and doctors.

Healthcare
New York City
Lob (company)

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.

Software as a service (SaaS)
San Francisco
Buddy Media

Buddy Media is a social media marketing platform.

Advertising
New York City
June (company)

June is a consumer electronics company making home automation products, most notably a smart oven called the June Oven.

Computer Vision
San Francisco
Modern Fertility

A company developing home fertility test for women

Health
San Francisco
Liftopia

Liftopia is a San Francisco-based company founded by Ron Schneidermann.

Sport
San Francisco
Carbon Engineering

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.

Carbon offset
Victoria, British Columbia
North Inc.

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.

Birchbox

Company

Beauty
New York
The Climate Corporation

The Climate Corporation (Climate) is a digital agriculture company that is a subsidiary of Bayer. The Climate Corporation, founded in 2006 and based in San Francisco, examines weather, soil and field data.

Artificial intelligence (AI)
San Francisco
207 Results
Page 1 of 9
...
Results per page:
Powered by Golden Research Engine

Associated investment funds

Investment Fund
Total offering (USD)
Total sold (USD)
Location
Date signed
First Round Capital V Partners Fund, L.P.
3,758,248
3,758,248
Philadelphia
June 27, 2014
First Round Capital IV Partners Fund, L.P.
2,750,000
2,750,000
West Conshohocken, Pennsylvania
April 24, 2012
First Round Capital III Partners Fund, L.P.
2,700,000
2,700,000
West Conshohocken, Pennsylvania
October 14, 2010
First Round Capital V, L.P.
174,950,000
174,950,000
Philadelphia
June 27, 2014
First Round Capital VI Partners Fund, L.P.
5,550,000
5,550,000
Philadelphia
September 8, 2016
First Round Capital III-A, L.P.
742,500
742,500
West Conshohocken, Pennsylvania
December 1, 2010
First Round Capital III, L.P.
126,415,000
126,415,000
West Conshohocken, Pennsylvania
October 14, 2010
First Round Capital VI, L.P.
174,950,000
174,950,000
Philadelphia
September 8, 2016
First Round Capital VII Partners Fund, L.P.
10,607,717
Philadelphia
October 17, 2018
First Round Capital VII, L.P.
209,392,283
Philadelphia
October 17, 2018
First Round Capital IV, L.P.
135,000,000
West Conshohocken, Pennsylvania
April 16, 2012
11 Results
Page 1 of 1
Results per page:
Powered by Golden Research Engine

People

Name
Role
LinkedIn

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

Page 1 of 2

Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

9GAG

CrowdJustice

Drift

GroupMe

KiwiCo

News

Title
Author
Date
Publisher
Description
Josh Constine
June 29, 2019
TechCrunch
Startups depend on the angel lifecycle. A few flush post-exit individuals put the first cash into a fresh venture. With some skill and plenty of luck, the early team grows the company into a big success. It sells or goes public and those team members earn a fortune. They then pay it forward by investing [...]

References

Golden logo
Text is available under the Creative Commons Attribution-ShareAlike 4.0; additional terms apply. By using this site, you agree to our Terms & Conditions.