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.

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.

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.

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.

Airware is a San Francisco-based company founded in 2011 by Jonathan Downey.

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

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.

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.

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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
June 27, 2014
174,950,000
174,950,000
June 27, 2014
174,950,000
174,950,000
September 8, 2016
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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

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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
Annie Siebert
February 26, 2021
TechCrunch
Research shows that diverse teams, companies and founders pay, so why are all of the VC home runs from white men, or Asian men in Asia, plus a few Asian men in the U.S.?
Chris Metinko
December 17, 2020
Crunchbase News
Anomalo has closed a $5.95 million seed round to help companies validate the data they use
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

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