About First Round Capital
First Round Capital is a venture capital firm founded in 2004. It is primarily based out of San Francisco, United States. As of Jun 2026, First Round Capital is an active investor, having invested in 565 companies, with 23 new investments in the last 12 months. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it participated in the $***** Seed round of Proception AI Overall, First Round Capital portfolio has seen 21 unicorns, 14 IPOs and 212 acquisitions including key companies like Uber, Roblox and Rover. A lot of funds co-invest with First Round Capital, with names like SV Angel sharing a substantial percentage of its portfolio. First Round Capital has team of 44 people including 9 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 8 more
Portfolio IPOs
Portfolio Unicorns
Deals in last 12 months
First Round Capital's List of Top Investments
First Round Capital has a portfolio of 565 companies, including 21 unicorns. Their most notable investments are in Andrenam and Brellium.Their portfolio spans across United States, Canada, United Kingdom and 18 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 36 other sectors, across stages such as Seed, Series A and 8 more. Here is the list of top investments by First Round Capital:
1. Uber
Network providing on-demand transportation, delivery, and business management solutions. It facilitates ride requests and connects individuals with transportation providers. Additionally, it offers delivery services for food and other goods. The network extends to business solutions, providing tools for managing rides, meals, and local deliveries for organizations.
Key facts about Uber
- Founded Year: 2009
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $13.2B
- Employee Count: 152,642 as on May 31, 2026
- Investors: TrueBridge, Fidelity Investments and 191 Others
- Latest Funding Round: Post IPO, Dec 19, 2020, $*****
- Highlight: Public
2. Roblox
Online gaming platform for developing web and mobile games. The platform enables its users to create its own games through simple drag and drop mechanisms. It has developed Roblox an action game. It generates revenue through virtual purchases in-game by the use of a virtual currency Robux. The platform follows a revenue share model for game developers.
Key facts about Roblox
- Founded Year: 2004
- Location: San Mateo (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $918M
- Employee Count: 9,866 as on May 31, 2026
- Investors: ADS Ventures, Meritech and 21 Others
- Latest Funding Round: Series H, Jan 06, 2021, $*****
- Highlight: Public
3. Rover
App-based pet sitting marketplace. The platform connects dog owners with dog sitters who look after pets at owners own homes. It allows users to find other pet-care service providers and book using the platform by making an online payment. Its service offerings include dog boarding, house sitting, dog walking, pet grooming, and more. The app is available for iOS and Android devices.
Key facts about Rover
- Founded Year: 2011
- Location: Olympia (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $409M
- Employee Count: 11,658 as on May 31, 2026
- Investors: TCV, Cross Creek and 31 Others
- Latest Funding Round: Venture Debt, May 24, 2018, $*****
- Highlight: Acquired
4. Square
Provider of integrated point of sale and business management solutions. The company delivers hardware and software for payments, retail, restaurants, and appointments. It offers tools for managing teams, payroll, marketing, customer relationships, and cash flow. The business provides solutions for various industries, including food and beverage, retail, beauty, and services.
Key facts about Square
- Founded Year: 2009
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $520M
- Employee Count: 6,412 as on May 31, 2026
- Investors: Saints Capital, TDM Growth Partners and 59 Others
- Latest Funding Round: Post IPO, Mar 03, 2020, $*****
- Highlight: Public
5. Warby Parker
Internet first brand offering eyewear for men and women. The product catalog includes eyeglasses, sunglasses, contact lenses, and other eyewear accessories. The company also provides home-try-on program for customers to choose frames from the website.
Key facts about Warby Parker
- Founded Year: 2010
- Location: New York City (United States)
- Annual Revenue: $500M - $1B as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $573M
- Employee Count: 2,730 as on May 31, 2026
- Investors: equitywestsecurities.com, T. Rowe Price and 36 Others
- Latest Funding Round: Series F, Aug 27, 2020, $*****
- Highlight: Public
First Round Capital's Year-on-Year Investment Trends
First Round Capital has invested in 565 companies over the last 21 years, with an average of 21 new investments annually in the last 10 years. In 2025, it made 50 investments, while as of Jun 2026, it has made 26 investments in this year. Its most recent first time investment was in Proception AI and most recent follow-on round was in Assort Health.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 14 | 12 | 26 |
2025 | 25 | 25 | 50 |
2024 | 11 | 8 | 19 |
2023 | 7 | 5 | 12 |
2022 | 30 | 16 | 46 |
2021 | 31 | 19 | 50 |
2020 | 18 | 14 | 32 |
2019 | 18 | 10 | 28 |
2018 | 19 | 15 | 34 |
2017 | 23 | 15 | 38 |
First Round Capital's Investments by Stage
First Round Capital has made 251 investments in Seed stage with an average round size of $4.32M, 174 investments in Series A stage with an average round size of $10.8M and 31 investments in Series B stage with an average round size of $22.6M.Stage of entry | No. of Investments |
|---|---|
Seed | 251 |
Series A | 174 |
Series B | 31 |
Series C | 7 |
Unattributed | 3 |
Others | 7 |
Note: We have considered here, only first round of investments
First Round Capital's Investments by Sector
First Round Capital has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, High Tech, FinTech and Retail. Notably, it has invested in 508 Tech companies, 360 Enterprise (B2B) companies, 328 Software companies and at least 222 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 239 |
Consumer | 127 |
High Tech | 83 |
FinTech | 65 |
Retail | 62 |
Others | 479 |
Note: We have considered here, only first round of investments
First Round Capital's Investments by Geography
First Round Capital has made most investments in United States (440), followed by Canada where it has made 11 investments.Country | No. of Investments |
|---|---|
United States | 440 |
Canada | 11 |
United Kingdom | 7 |
India | 2 |
Israel | 2 |
Others | 13 |
Note: We have considered here, only first round of investments
First Round Capital's recent investments
First Round Capital has made 26 investments in 2026 so far. Proception AI and Assort Health are the latest among them.Here are the most recent investments by First Round Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 29, 2026 | United States | Seed | 9322 | [+1] | |
Jun 24, 2026 | United States | Series C | 3241 | [+6] | |
Jun 11, 2026 | United States | Series A | 2024 | [+6] | |
Jun 04, 2026 | United States | Series A | 4823 | [+3] | |
Jun 03, 2026 | - | Series C | 7324 | [+2] |
Unicorns in First Round Capital's Portfolio
First Round Capital has 21 unicorns in its portfolio - Parallel Web Systems, Omni, Pomelo Care and others. The most recent unicorn in their portfolio is Parallel Web Systems. It became a unicorn in 2026, 2 years after First Round Capital first invested in it.Here is a list of unicorns in First Round Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
64 | Developer of an API providing web search for AI applications | 2023 | Palo Alto | Series B | abowzcf | ||
65 | Business intelligence platform for businesses | 2022 | San Francisco | Series C | ugmo{kj | ||
72 | Provider of virtual medical care focused on maternal and women’s health | 2020 | New York City | Series C | hccboyi | ||
66 | Provider of aerospace hardware products designed services | 2004 | Los Angeles | Series C | zmvgkd{ | ||
63 | Developer of artificial intelligence agents for automated information technology workflows | 2024 | San Francisco | Series B | c{oqe{y |
IPOs and Publicly Listed companies in First Round Capital's Portfolio
14 of First Round Capital's portfolio companies have become public. Merlin Labs got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Mar 2026 and Warby Parker got listed on the New York Stock Exchange (NYSE) at marketcap of $5.21B.Here are First Round Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 17, 2026 | May 26, 2021 | Series B | 2789 | |
Sep 29, 2021 | May 31, 2011 | Seed | 1621 | |
Apr 30, 2021 | Dec 21, 2012 | Series A | 6019 | |
Apr 21, 2021 | May 18, 2009 | Series A | 9809 | |
Mar 10, 2021 | Jul 21, 2009 | Seed | 4286 |
Acquired companies in First Round Capital's Portfolio
212 companies from First Round Capital's portfolio have been acquired. The most recent acquisition was Composer in Jun 2026 by SoFi for $*****.Here are First Round Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 23, 2026 | May 2021 | Seed | 6430 | |
Jun 10, 2026 | Mar 20, 2015 | Series C | 1060 | |
Jun 02, 2026 | - | - | 8463 | |
May 26, 2026 | Oct 23, 2017 | Series A | 7986 | |
Apr 09, 2026 | Dec 2020 | Seed | 5003 |
Team profile of First Round Capital
First Round Capital has a team of 44 members including 9 Partners and 9 Principals located in United States and China. First Round Capital's team sits on the board of 4 companies.Here is a list of top team members in First Round Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | San Francisco | Odeko and UrbanSitter | ||
Partner | United States | |||
Partner | United States | - | ||
Partner | - | - | ||
Partner | San Francisco | - | ||
Partner | - | - | - | |
Partner | - | - | - | |
Partner | - | - | - | |
Partner | Philadelphia | - | ||
Principal | - | - | ||
Principal | San Francisco | - |
Co-investors of First Round Capital
Over the past 21 years, 2330 investors have co-invested in First Round Capital's portfolio companies. This includes funds and angels.
- Invested before First Round Capital: Y Combinator, SV Angel and 276 others have invested in rounds before First Round Capital. There are 41 companies where Y Combinator has invested before First Round Capital and 7 companies where SV Angel has invested before First Round Capital.
- Top Co-investors of First Round Capital: 959 investors entered a company along with First Round Capital. These include investors like SV Angel (59 companies).
- Invested after First Round Capital: A total of 1093 investors have invested in First Round Capital's portfolio after their investments. Top Investors include Andreessen Horowitz (17 companies), Kleiner Perkins (13 companies) and Felicis Ventures (13 companies).
Recent News related to First Round Capital
•
•
Scotch has raised $20 Million in new Series A fundingintelligence360•Jun 23, 2026•Toba Capital, First Round Capital, Scotch, Lerer Hippeau
•
Trellis joins Y Combinator to revolutionise rentalsTravel Daily Media•Jun 16, 2026•Y Combinator, First Round Capital
•
Endurance Energy Secures $54 Million to Harness Geothermal Power from Undersea VolcanoesSiliconAngle•Jun 11, 2026•Endurance Energy, Founders Fund, Construct Capital, Point72 Ventures and 5 others
•
Scotch Secures $20 Million Series A Funding to Enhance Liquor Retail POS OperationsMassinvestor•Jun 04, 2026•VMG Partners, Scotch, Toba Capital, First Round Capital and 1 other
•
AI Startup Collate Raises $95 Million To Automate Life Sciences PaperworkForbes•Jun 03, 2026•Redpoint Ventures, First Round Capital, Collate, Conviction and 2 others
•
Town secures $55M Series A led by Andreessen HorowitzMassinvestor•Jun 03, 2026•Town, First Round Capital, General Catalyst
•
Board, the new game startup from Mirror founder Brynn Putnam, raises $20M, has already sold thousandsTechCrunch+•Jun 02, 2026•Union Square Ventures, IRL Ventures, Coalition Operators, Adjacent and 3 others
•
•
Quartermaster Raises $43 Million for Maritime Awareness NetworkSmart Maritime Network•May 21, 2026•Quiet Capital, First Round Capital, Steel Atlas, Shorewind Capital and 2 others
