First Round Capital
Venture capitalActively deployingSan Francisco · Pre-Seed–Seed · 57 people tracked
Also known as Dorm Room Fund / First Round Capital · FR CAPITAL HOLDINGS, LP
Investment thesis
First Round positions itself as a partner for founders at the very first stages of company building. It emphasizes hands-on involvement from partners, most of whom are former founders, who work alongside teams through their earliest years. Beyond capital, the firm provides functional expertise through dedicated teams — such as go-to-market specialists helping shape initial sales strategy and recruiters sourcing early critical hires — to supplement a startup until its own team is built out. The firm frames its value as combining early-stage focus with operational depth, so founders need not trade one for the other.
Source: firm website, verified Aug 7, 2026.
Team · 57 people
from the firm's website & curated & public directories
What they invest in
from 90 of 123 portfolio companiesAI & Machine Learning ×41Enterprise Software ×38SaaS ×37Healthtech ×19Developer Tools ×14Data & Infrastructure ×12Consumer ×11Digital Health ×9
HQs:United States×70Canada×1France×1United Kingdom×1Ireland×1
Investments · 123 tracked
founders shown can be your intro path
Figma is a collaborative design platform that enables teams to create apps, websites, and products through shared design tools integrated with development workflows and AI-powered design assistance.
Developer ToolsSaaSSan Francisco, US
Daniel Rimer(Director)John Lilly(Director)
BoardEvan Wallace(Executive Officer, Director)Dylan Field(Executive Officer, Director)
FiscalNote provides AI-powered software that aggregates and interprets legislative and regulatory data to help organizations track and influence policy outcomes.
AI & Machine LearningData & InfrastructureGovTechSaaS
Tim Hwang(Co-founder)Gerald Yao(Co-founder)Jonathan Chen(Co-founder)Paul Donnell(Chief Accounting Officer)Jon Slabaugh(CFO and Senior VP of Corporate Development)Richard Henderson(Executive Officer)
Roblox operates an online platform where users can sign up to create accounts and access games and interactive experiences.
Creator EconomyGamingSocialSan Mateo, US
David Baszucki(Executive Officer, Director, Promoter)Dennis Durkin(Director)Christopher Carvalho(Director)Anthony Lee(Director)Mark Reinstra(Executive Officer)Gregory Baszucki(Director)
Uber operates a multi-sided platform providing ride-sharing, food delivery, freight logistics, and business fleet management services across various global markets.
Logistics & Supply ChainMarketplacesMobility & TransportationSan Francisco, US
Travis Kalanick(Co-founder & CEO)Garrett Camp(Co-founder)
Binti builds software for foster care and adoption agencies to streamline the family approval process.
Digital HealthGovTechSaaSSan Francisco, US
Felicia Curcuru(Co-founder and CEO)Gabe Kopley(Co-founder and CTO)Julia Chou(Executive Officer, Director)
Candid Health automates and simplifies revenue cycle management (RCM) for healthcare providers, helping them reduce administrative overhead and focus on patient care.
Digital HealthEnterprise SoftwareHealthtechSaaSSan Francisco, US
Nick Perry(Founder)in
Castle builds trust infrastructure for the modern internet, helping organizations detect and prevent fraud and account takeover attacks.
CybersecurityDeveloper ToolsEnterprise SoftwareSaaSSan Francisco, US
Johan Brissmyr(Founder/CEO)inSebastian Wallin(Founder/CTO)in
BoardShardul Shah
RebelMouse provides a content management system (CMS) designed for media and digital companies to increase audience growth and site performance.
AdTechMarketing TechMedia & EntertainmentSaaS
Andrea Berry(Founder and CEO)Paul Berry(Executive Officer, Director, Promoter)Jordan Levy(Director)Eric Hippeau(Executive Officer, Director)Fredric Harman(Director)
Portland, US
Board seatJosh Kopelman· per SEC Form D · $35M raise · filed May 2024
Wilmington, US
Brennan Stark(Executive Officer, Director)
BoardMatthew Sherman(Director)Richardson Sedmak(Director)
Board seatJosh Kopelman· per SEC Form D · $1.5M raise · filed Feb 2025
Travel & HospitalityAspen, US
PETER B MACK(Executive Officer, Director)
Board seatHayley Barna· per SEC Form D · $10M raise · filed Nov 2020
Plymouth Meeting, US
Ed Harycki(Executive Officer, Director)Josh Kopelman(Director)Richard Vague(Director)
BoardAndrew Sheehan(Director)
Board seatJosh Kopelman· per SEC Form D · $6.9M raise · filed Aug 2021
Arlington, US
William Trenchard(Director)Neil Sobin(Executive Officer, Director)
Board seatWilliam Trenchard· per SEC Form D · $48.6M raise · filed Jun 2026
RenoFi is a fintech platform that enables credit unions to offer home equity loans and HELOCs based on after-renovation property values to homeowners financing renovation and construction projects.
FintechPropTechPhiladelphia, US
Justin Goldman(Co-Founder & CEO)inRobert Shedd(Executive Officer, Director)Lee Miller(Executive Officer, Director)in
BoardSamanttabhiram Das(Director)Brendan Dickinson(Director)
Board seatJosh Kopelman· per SEC Form D · $14M raise · filed Apr 2022
Verkada builds AI-powered physical security solutions that integrate video security, access control, alarms, intercoms, air quality sensors, and visitor management into a single cloud-based platform.
AI & Machine LearningCybersecurityEnterprise SoftwareIoTSan Mateo, US
Filip Kaliszan(Founder & CEO)Hans Robertson(Director)Tim Wilcox(Executive Officer)Benjamin Bercovitz(Executive Officer, Director)James Ren(Executive Officer)
Board seatBill Trenchard· per SEC Form D
Helps companies scale the reasoning of their best sales reps.
AI-powered tooling for security teams to counter AI threats.
Artemis is an AI-native cybersecurity platform that detects and eliminates cyber threats for enterprises.
AI & Machine LearningCybersecurityEnterprise Software
Shachar Hirshberg(Co-Founder, CEO)inDan Shiebler(Co-Founder, CTO)in
Artillery is a performance testing toolkit that provides load testing, Playwright-based end-to-end testing, and production monitoring capabilities for web applications and APIs.
Data & InfrastructureDeveloper ToolsEnterprise SoftwareSaaSLimerick, IE
Hassy Veldstra(Founder)inEliot Durbin(Director)Hasan Minatullaevich Veldstra(Executive Officer, Director)
Assort provides voice AI agents for healthcare that use deep patient interaction data to proactively guide patients through their care journey, orchestrating tasks from intake and scheduling to billing and care gap closure.
AI & Machine LearningDigital HealthHealthtech
Jeffery Liu(Cofounder)Jon Wang(Cofounder)
Cloud built for AI-native startups and agents.
Brellium builds compliance software for American healthcare providers, enabling clinicians to manage documentation and regulatory requirements so they can focus on patient care.
AI & Machine LearningEnterprise SoftwareHealthtechNew York, US
Zachary Rosen(Executive Officer, Director)Alexander Le-Tu(Executive Officer, Director)
BoardHenry Kasa(Director)in
Clay provides a data enrichment and workflow platform that combines first-party, intent, and third-party data from 100+ sources to help sales and growth teams identify and reach target customers.
AI & Machine LearningData & InfrastructureMarketing TechSaaSNew York, US
Kareem Amin(Founder & CEO)in
Clover Health is a health insurance provider offering low-cost plans with minimal premiums, copays, and prescription drug costs.
Digital HealthHealthtechInsurTech
Vivek Garipalli(Executive Officer, Director)Nat Turner(Director)Mike Dixon(Director)Kris Gale(Executive Officer, Director)Josh Kopelman(Director)
Crossbeam unifies partner and CRM data to provide ecosystem intelligence for revenue operations teams.
AI & Machine LearningData & InfrastructureEnterprise SoftwareSaaSSales TechPhiladelphia, US
Bob Moore(Founder & CEO)Francis Ryan(Executive Officer, Director)Andrew McLoughlin(Director)
Robots that can perform any assigned task.
Dyna develops general-purpose robots powered by foundation models that adapt across environments and learn new skills rapidly, with deployment across a fleet that continuously improves.
AI & Machine LearningDeep TechRobotics
EvolutionIQ builds AI-powered guidance software for insurance claims professionals to improve accuracy, fairness, and efficiency in handling injury and disability claims.
AI & Machine LearningEnterprise SoftwareInsurTechNew York, US
Kara Hoogensen(SVP Specialty Benefits, Principal Financial Group)Scott Boutin(Chief Claims Officer, Reliance Matrix)
Fal provides fast inference for generative AI models, particularly for image and video generation tasks like SDXL and Whisper.
AI & Machine LearningCloud ComputingCreator EconomyDeveloper ToolsSan Francisco, US
Gorkem Yurtseven(Founder & CEO)inBurkay Gur(Founder)in
BoardSteve Jang(Director)Jennifer Li(Director)Glenn Solomon(Director)
Flai is an AI communications platform that handles incoming calls, SMS, and email for automotive dealerships, answering customer inquiries, scheduling appointments, and qualifying leads 24/7.
Advanced ManufacturingAI & Machine LearningMobility & TransportationSaaSSales TechSan Francisco, US
Ari Polakof(Founder)inJuan Alzugaray(Founder)inAlen Polakof(Founder)in
Flatiron Health combines AI-powered technology and clinical expertise with real-world oncology data to help healthcare providers and life science organizations improve cancer care and research.
AI & Machine LearningData & InfrastructureHealthtechMedical DevicesNew York, US
Nathan Hubbard(Chief Executive Officer)Michael Bierl(Chief Business Officer)Cal Brouilette(Chief Financial Officer)Allison Candido(Chief Technology Officer)Kate Estep(Chief Product Officer)Julia Morton(Chief Operating Officer)
FleetWorks operates an AI-powered marketplace that connects freight jobs with truck operators, replacing manual coordination methods with automated matching.
AI & Machine LearningEnterprise SoftwareLogistics & Supply ChainSan Francisco, US
Flexport provides an AI-driven platform for global supply chain management, offering logistics visibility, customs brokerage, and freight optimization for companies shipping goods internationally.
AI & Machine LearningEnterprise SoftwareLogistics & Supply ChainSaaSSan Francisco, US
Ryan Petersen(Founder/CEO)inMichael Ronen(Director)Sanne Manders(Executive Officer)Christopher Ferro(Executive Officer)Sudhanshu Priyadarshi(Executive Officer)Ryan Peterson(Executive Officer, Director)
FundersClub is a venture capital platform that sources early-stage investment opportunities in seed and series A rounds through direct relationships, referrals, and connections to top incubators and VC firms, offering accredited investors access to vetted startups.
Enterprise SoftwareFintechMarketplacesSaaSSan Francisco, US
West Hollywood, US
Neeldev Kunjur(Executive Officer, Director)Karandev Kunjur(Executive Officer, Director)
Iru provides an AI-powered unified platform for endpoint management, identity, threat detection, and compliance automation serving IT and security teams.
AI & Machine LearningCybersecurityDeveloper ToolsEnterprise Software<UNKNOWN>, US
Adam Pettit(Founder & CEO)Wesley Pettit(Executive Officer, Director, Promoter)Daughters Mark(Director, Promoter)
KiwiCo creates hands-on creative project kits for children, helping families spend time building, exploring, and creating together.
ConsumerCreator EconomyEdTech
Sandra
Looker is an AI-powered business intelligence platform that combines conversational analytics, semantic modeling, and Google Cloud integration to transform raw data into governed, actionable insights for enterprises.
AI & Machine LearningData & InfrastructureEnterprise Software
William Trenchard(Director)Frank Bien(Executive Officer, Director)Tomasz Tunguz(Director)Lloyd Tabb(Executive Officer, Director)Joseph Moran(Executive Officer)Marc Randolph(Director)
Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.
Frequently asked questions
- What stage does First Round Capital invest at?
- First Round Capital invests at the Pre-Seed, Seed stages.
- What is First Round Capital's typical check size?
- First Round Capital typically writes checks of $2M.
- What sectors does First Round Capital focus on?
- First Round Capital focuses on AI & Machine Learning, Climate Tech, Consumer, E-commerce, Future of Work, Healthtech, Logistics & Supply Chain, Mental Health, Sector Agnostic.
- Where is First Round Capital located?
- First Round Capital is headquartered in San Francisco, US.
- Does First Round Capital lead rounds?
- Yes, First Round Capital leads investment rounds.
Media · Podcasts & interviews
featuring the teamHow To Make Money in Venture | Josh Kopelman, Co-Founder of First Round Capital | Ep. 8 - YouTube
Uncapped with Jack Altman · Josh Kopelman
7 Lessons from Bill Trenchard @ First Round Capital - YouTube
ConfluenceVC: The VC Operating Playbook · Bill Trenchard
Bill Trenchard - First Round Capital (Manager Meetings, EP.23) - YouTube
Capital Allocators with Ted Seides · Bill Trenchard
Josh Kopelman of First Round Capital and Evan Nisselson of LDV Capital on Future Investment Trends - YouTube
LDV Capital · Josh Kopelman
Images
Co-investors · 304
Andreessen Horowitz's Strategic Partnerships page describes collaborations that connect its portfolio companies with established institutions to help scale and deploy their technology.
Sequoia Capital is a venture capital firm that partners with founders to build technology companies, with a strong current focus on artificial intelligence.
General Catalyst is a venture capital and investment firm that backs founders across industries, with a strong focus on AI-driven transformation, fintech, healthcare, and other sectors.
Google Ventures is a venture capital investor that backs innovative founders across multiple industries, focusing on long-term partnerships and providing value across multiple funding stages and company milestones.
Founders Fund is a venture capital firm that invests in technology companies across sectors, backing companies such as Anduril and Palantir.
Lightspeed Venture Partners is a global venture capital firm known for backing AI and technology founders, emphasizing deep, hands-on partnerships with the companies it funds.
Craft Ventures is a venture capital firm founded and run by former founders, operators, and investors who provide startups with hands-on support, senior talent access, and proven scaling playbooks.
Bessemer Venture Partners is a venture capital firm that partners with entrepreneurs from early stages through every stage of growth, publishing investment roadmaps across multiple technology sectors.
Accel is a venture capital firm that partners with exceptional founding teams, positioning itself as a first partner to startups globally.
Khosla Ventures is a venture capital firm known for backing bold, contrarian bets in world-class teams that can reshape entire industries.
Greylock Partners is a venture capital firm that backs founders at the earliest stages, often as their first investor before a product exists.
Techstars is a startup accelerator and early-stage investor that funds ambitious founders and provides capital, mentorship, and access to a global network of investors, operators, and corporate partners.
▶292 more co-investors
New Enterprise Associates (NEA)Index VenturesAlumni VenturesRedpoint VenturesLong Journey VenturesFounder CollectiveUncork CapitalNotable CapitalBenchmarkFelicis VenturesFJ LabsSV AngelBain Capital VenturesUberKleiner PerkinsMenlo VenturesFoundation CapitalBoxGroupEverywhere VenturesDCVC (Data Collective)Coatue ManagementSpark CapitalKrakenB Capital GroupTrue VenturesSound VenturesIVP (Institutional Venture Partners)Norwest Venture PartnersCRV (Charles River Ventures)DST GlobalAtomicoUnion Square Ventures (USV)Great Oaks Venture CapitalCanaan PartnersTiger Global ManagementSapphire VenturesEniac VenturesQuiet CapitalSusa VenturesGoat CapitalACME CapitalFirstMarkMayfield FundRRE VenturesLiquid VenturesNextView VenturesBling CapitalHardware ClubGreycroftPioneerC2 InvestmentsSciFi VCFreestyle CapitalInnovation EndeavorsLux CapitalForerunner VenturesPrecursor VenturesHeadlineCaffeinated CapitalLookout VenturesEmergence Capital PartnersKapor CapitalObvious VenturesFlybridge Capital PartnersStellar CapitalAdditionCota CapitalFloodgateMeritech Capital PartnersBond Capital ManagementInovia CapitalStride VCSouth Park CommonsUlu VenturesBonfire VenturesPractical Venture CapitalF-Prime Capital PartnersAcrew CapitalElectric CapitalTodd and Rahul’s Angel FundBullpen CapitalIA Ventures8VCCrosslink CapitalTrinity VenturesTrajectory VenturesAbstractBuckley Ventures Management Company LlcNext47Ribbit CapitalVenrockLowercase CapitalHack VCLerer HippeauPoint Nine CapitalNot Boring Capital01 AdvisorsOperator LPFlatiron HealthAtlas VentureGustoSocial LeverageHarrison MetalUS Venture Partners2048 VenturesQueensBridge Venture PartnersWEEKENDCreandumFifth WallNexus Venture PartnersTwo Sigma VenturesThreshold VenturesKindred Ventures75 & SunnyMatrixPareto HoldingsHomebrewInitialized CapitalShasta VenturesWGI GroupEntrepreneur FirstTribe Capital FirstlookGeneral PartnershipWinklevoss CapitalChemistryPrimary Venture PartnersThe Chernin Group (TCG Crypto)Coinbase VenturesEclipse VenturesCowboy VenturesFuel Venture CapitalBetter Tomorrow VenturesOperator CollectiveStandard CapitalAIX Ventures7percent VenturesWorklife VenturesInspired CapitalKearny JacksonRenegade PartnersPelion Venture PartnersLeft Lane CapitalAlleyCorpMoxxie VenturesAugust CapitalComcast VenturesScribble VenturesBaseline VenturesTribeca Venture PartnersWebb Investment NetworkWildcat Venture PartnersBedrockOMERS VenturesFreigeist CapitalLead Edge CapitalPolychain CapitalThird Point VenturesUpside PartnershipAmerican Express Ventures (Amex)Lobby CapitalTorch CapitalAnorak VenturesKohlberg Kravis RobertsTusk Venture PartnersAllison Pickens VenturesBaruch Future VenturesRocketship.vcFifth Wall VenturesPrefix CapitalPreston-Werner VenturesRecursive VenturesFormation GroupFikaWalden InternationalCrosscut VenturesLocalGlobeK9 VenturesMMC VenturesXYZ Venture CapitalBlue Owl CapitalCollaborative Fund (Collab Fund)Relay VenturesAltimeter CapitalHouseMischiefPropeller VCThird Kind Venture CapitalVast VenturesGolden VenturesPhoenix CourtAdverb VenturesConstruct CapitalGutter CapitalS28 CapitalSLVCSpero VenturesStructure CapitalConvictionHighbury HoldingsMorado Venture PartnersSignia Venture PartnersDrive CapitalMontage VenturesSweet Capital35VenturesLombardstreet VenturesRefactor CapitalVera EquityAstanor VenturesXfundPlaidTrucks VCWormhole CapitalMerus CapitalAmity VenturesContour Venture PartnersGreatPoint VenturesWestWave Capital.406 VenturesAI FundPrimitive VenturesTRANSFORMATION CAPITALSquare Peg CapitalBackedBow CapitalMolten VenturesLightShed VenturesNorthpond VenturesOpenView Venture PartnersCoalition OperatorsFrontline VenturesPIPELINE CAPITAL PARTNERSMoving CapitalAllegisCyber CapitalFontinalis PartnersValor Equity PartnersBuilders VCCerity Partners VenturesSpace CapitalAlpine VenturesMetamorphic VenturesSchematic VenturesAll Iron VenturesOkta VenturesCongruent VenturesDeep Fork CapitalSparkLabs Global VenturesElectric AntEvolve VC FundsNKM CapitalRiverPark VenturesLightspeed India PartnersConcrete Rose CapitalLOWERCARBONFirst Star VenturesBrewer Lane VenturesForesite CapitalAllerfund Ventures, LlcApax DigitalBryant StibelElsewhere PartnersGlencrest GroupBoosted CommerceMPG FundPowerhouseWorkday VenturesAlpine MeridianBroadway Venture PartnersDream MachineAgFunderMeridian Street CapitalExpaMsd CapitalFenway Summer VenturesCross Culture VenturesNXTPRock VenturesShine CapitalEarthshot VenturesCorazon CapitalUnderline VenturesAngel Collective Opportunity FundFour Rivers GroupJanuary VenturesLemnos VCMonozukuri VenturesWilshire Lane CapitalGenerative VenturesManta Ray VenturesGrand VenturesBen Franklin Technology PartnersCorigin Ventures
Firms observed investing alongside First Round Capital, from public investor directories.
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