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First Round Capital
First Round Capital is a venture capital firm based in the United States, specializing in seed-stage funding for technology startups. Founded in 2004, it supports founders in navigating the challenges of early-stage company creation.
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Overview
First Round Capital is a venture capital firm founded in 2004 and based in the United States. The organization focuses on investing in early-stage technology companies, particularly during their seed rounds. First Round Capital aims to support founders in their initial stages of company creation, helping them navigate the challenges of building a startup. The firm invests primarily in early-stage technology companies across various sectors, including fintech, healthcare, and AI, emphasizing the importance of product-market fit (PMF) and working closely with founders to refine their business models and strategies.
Focus
First Round Capital invests primarily in early-stage technology companies across various sectors, including enterprise, consumer, and fintech. The firm is particularly interested in companies that demonstrate a strong understanding of their market and possess unique insights into their business models. They do not limit their investments to specific industries, believing that founders are best positioned to identify future trends.
Support
Former-founder partners provide hands-on support during critical first 18 months. GTM experts for initial sales strategy. Dedicated recruiters for early hires. Dorm Room Fund and Graduate Fund create unique pipeline. First Round Review is one of the most influential startup publications.
Questions
What are First Round Capital's investment criteria?
First Round Capital focuses on seed-stage investments in technology companies, particularly in sectors like AI, fintech, and SaaS. They seek compelling insights from founders and prioritize diversity in their portfolio.
How can I pitch to First Round Capital?
Interested founders can visit First Round Capital's website for more information on pitching. They encourage direct applications and provide resources for potential pitches.
What makes First Round Capital different from other VC firms?
First Round Capital emphasizes hands-on support from former founders during the critical first 18 months of a startup's lifecycle, alongside a strong focus on diversity and unique deal flow from university programs.
What is the geographic scope of First Round Capital's investments?
The firm primarily invests in North America, with a concentration on U.S.-based startups.
What is the average check size for investments?
First Round Capital typically invests between $1 million and $10 million, with an average initial investment of approximately $3.5 million.
Check your startup’s fit
Check your startup’s fit with First Round CapitalHosted by this organization
Programs at First Round Capital
Scout ProgramAngel ProgramDeveloping emerging angels through education and community.
From public sources
What the sources say about First Round Capital
PitchBook's public First Round Capital preview lists Cherub (Financial Software) with deal date 2026-09-28.
Source: First Round Capital investment portfolio | PitchBookPitchBook's public First Round Capital preview lists Flai with deal date 2026-10-06.
Source: First Round Capital investment portfolio | PitchBookPitchBook's public First Round Capital preview lists HealthLeap with deal date 2026-10-07.
Source: First Round Capital investment portfolio | PitchBookPitchBook's public First Round Capital preview lists Brellium with deal date 2026-10-13.
Source: First Round Capital investment portfolio | PitchBookPitchBook's public First Round Capital preview lists Town with deal date 2026-10-19.
Source: First Round Capital investment portfolio | PitchBookPitchBook describes First Round Capital as based in San Francisco, California.
Source: First Round Capital investment portfolio | PitchBook
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InvestorSequoia Capital is a venture capital firm based in Silicon Valley, established in 1972. It invests in technology companies at various stages, focusing on long-term partnerships with founders.
InvestorBessemer Venture Partners is a venture capital firm based in Redwood City, California, with additional offices in major cities across the U.S. and internationally. The firm invests in a wide range of sectors, supporting entrepreneurs from early-stage startups to growth-oriented businesses.
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