First Round Capital — 2025 Investments

Onyx is an open-source application platform for large language models that enables teams to leverage any LLM while maintaining data transparency and customization.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareFuture of WorkSaaSSan Francisco, US

YSYuhong Sun(Founder)inCWChris Weaver(Founder)inAsaf Avidan Antonir(Founder)Gil Elbaz(Founder)James Sha(Founder)Maxim Bar Kogan(Founder)

Co-investorsY Y CombinatorKHKhosla VenturesEIEight CapitalPIPioneerAFAfore CapitalFIFin Capital+2 more

&AI uses large language models to analyze patent documents and patent litigation processes, reducing the technical complexity and inefficiencies in patent validity assessment and infringement analysis.

AI & Machine LearningEnterprise SoftwareLegalTechSaaSSan Francisco, US

CHCaleb Harris(Founder)inHTHerbert Turner(Founder)in

Co-investorsBOBoxGroupY Y CombinatorSVSV Angel

Arketa is a management platform for fitness and wellness businesses, offering scheduling, booking, payments, memberships, reporting, and marketing tools across single or multi-location studios.

Enterprise SoftwareSaaSSports TechWellness & FitnessNew York City, US

RLRachel Lea Fishman(Founder)inJAJosh Archer(Founder)inJoshua Archer(Founder)Katherine bateman(Marketing)Willa Zhou Berson(Head of Operations)Liz Wessel(Recruiting)

Co-investorsAMAmity VenturesINInspired CapitalRERecall CapitalVEVelvet Sea VenturesY Y CombinatorALAllison Pickens Ventures+3 more

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

JLJeffery Liu(Founder)inJWJon Wang(Founder)inJLJeffery L.(Founder)inJLJeff Liu(Founder)inJonathan Wang(Founder)Jonathan Wang Jeffery Liu(Founder)

Co-investorsALAlumni VenturesAVavraCHChemistryCOCoho DeeptechCOCold Start VenturesCOCollective Liquidity+19 more

Atma Sciences was a company focused on interactive experiences.

Media & EntertainmentLos Angeles, US

Joshua Siegel(Executive Officer, Director)Daniel Amitay(Founder)Brandon Francis(Founder)Josh Siegel(Founder)Rudd Fawcett(Founder)

Co-investorsCOCoatue ManagementK5K5 Global

Barndoor provides a control plane for agentic AI that enables enterprises to manage how AI is used, shared, and scaled across their organization while maintaining security and governance.

AI & Machine LearningCloud ComputingDeveloper ToolsEnterprise Software

Oren Michels(CEO, Co-Founder)Chris Lippi(CPO, Co-Founder)Kirsten Spoljaric(CHRO, Co-Founder)Tim Stacey(CTO, Co-Founder)

Co-investors8-8-Bit CapitalCRCrosslink CapitalGAGaingelsMOMoment Ventures, LlcRARaineBLBlumberg Capital+5 more

Blaxel provides cloud infrastructure for autonomous agents, offering persistent sandboxes that boot in milliseconds and can stay idle indefinitely without cold-start penalties.

AI & Machine LearningCloud ComputingDeveloper ToolsEnterprise SoftwareSan Francisco, US

PSPaul Sinaï(CEO)inTCThomas Crochet(Founder)inCDCharles Drappier(Founder)inMJMathis Joffre(Founder)inNLNicolas Lecomte(Founder)inCPChristophe Ploujoux(CTO)in

Co-investorsBLBlast.ClubKIKima VenturesPIPioneerTRTranspose Platform ManagementY Y Combinator46468 Capital+8 more

Board makes physical, tabletop board games designed for in-person, face-to-face play, emphasizing tactile game pieces and inclusive design for players of all ages and skill levels.

ConsumerGamingHardwareMiami, US

Brynn Putnam(Founder)Antonio Goncalves(Executive Officer, Director)Jake Vollkommer(Executive Officer, Director)

BoardJonathan Bradford(Director)

Co-investorsBOBoxGroupCOCoalition OperatorsHAHaystackINIngeborg InvestmentsLELerer HippeauPAPatron+1 more

Cache offers exchange funds and related strategies that let investors diversify large, concentrated single-stock positions while deferring capital gains taxes.

FintechSan Francisco, US

SNSrikanth Narayan(Founder)in

Co-investorsDADash VCQUQuiet Capital

Candidly provides a platform of AI-powered tools and benefit solutions to help people manage student debt and related financial challenges, offered as a workplace benefit through employers.

AI & Machine LearningFintechHR TechSaaSNew York City, US

LTLaurel Taylor(Founder)in

Co-investorsBABackstage CapitalBOBoston Harbor AngelsCECentral Texas Angel NetworkREReach CapitalRERethink Impact8V8VC+10 more

Central provides a platform with security features including multi-factor authentication and fraud monitoring for user accounts and financial transactions.

AI & Machine LearningEnterprise SoftwareFintechHR TechSaaSSan Francisco, US

JWJosh Wymer(CTO)inPKPranav Kashyap(COO)inNMNilay Modi(Founder)inADAbhijeet Dwivedi(Advisor)in

Co-investorsALAlumni VenturesRIRitual CapitalSUSurgePoint AngelY Y CombinatorAMAmino CapitalCACapitalize VC+1 more

Collate builds AI-native software to automate documentation workflows across drug development and commercialization for life sciences companies.

AI & Machine LearningBiotechEnterprise SoftwareMedical Devices

SSSurbhi Sarna(CEO and Founder)inNSNate Smith(Founder)inJPJigish Patel(Founder)inAEAparna Elangovan(Head of AI)inSHSanchay Harneja(Head of Engineering)inSriharsha Chintalapani(Founder)

Co-investorsASAstiaCRCRV (Charles River Ventures)RERedpoint VenturesVEVenrockCOConvictionEUEudemian Ventures+1 more

Corner Health operates a network of independent local medical practices where clinicians own and run their own operations.

Digital HealthHealthtechSanta Monica, US

LSLava Sunder(Founder)inAGAnne Gifford(Founder)inLavanya Sunder(Executive Officer, Director)

Co-investorsANAngel Collective Opportunity FundHOHomebrewOAOak HC/FTPAPathlight VenturesWOWormhole CapitalZIZigg Capital

David develops audio datasets for AI applications, serving Fortune 100 companies and research labs working on speech recognition, translation, synthesis, and conversational AI.

AI & Machine LearningData & InfrastructureEnterprise SoftwareSan Francisco, US

TCTomer Cohen(CEO)inBWBen Wiley(Founder)inDaniel Nussbaum(Head of Operations)Jeremy Grompone(Recruiter)Carson Jackson(Recruiter)Morgan Coovert(Founding Recruiter)

Co-investorsAMAmplify PartnersBOBoxGroupNVNVIDIAY Y CombinatorACAccelALAlt Capital+6 more

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

LGLindon Gao(Founder)inJMJason Ma(Founder)inYork Yang(Founder)in

Co-investorsALAlumni VenturesBIBig Brain HoldingsCRCRV (Charles River Ventures)FEFellowsHCHCVCININCE Capital+10 more

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

APAri Polakof(Founder)inJAJuan Alzugaray(Founder)inAPAlen Polakof(Founder)inLuka Rojs(Founder)Nejc Dougan(Founder)

Co-investorsANAntigravity CapitalBEBeat VenturesPIPioneerY Y CombinatorANAndreessen HorowitzBABase10 Partners+7 more

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

PSPaul Singer(Founder)inQTQuang Tran(Founder)inBailey Douglass(Head of People)Jina Kim(Senior Director of Customer Success)Megan Hogan(Talent Partner)Ken S(Hiring Manager)

Co-investorsLFLFX Venture PartnersPIPID Fund I, a series of DV Collective, LPSASaga VenturesY Y CombinatorANAndreessen HorowitzDADavidovs Venture Collective+7 more

Flex provides telehealth consultations with licensed clinicians to determine eligibility for HSA/FSA-qualified health products and services for customers with various medical conditions.

Digital HealthFintechHealthtechMarketplaces

SOSam O'Keefe(Founder)inMTMiguel Toledo(Founder)inSOSam OKeefe(Founder)inNikada Kaba(Founder)Sam O'Keefe Miguel Toledo(Founder)Shragie Lichtenstein(Founder)

Co-investorsBLBlumberg CapitalCACameron VenturesCOCore Venture CapitalEIEight CapitalHAHarvest Venture PartnersMSMS&AD Ventures+25 more

Omni makes electric scooter attachments that connect to wheelchairs, letting wheelchair users travel on urban and off-road terrain; the company states 95% of wheelchairs are compatible with its devices.

HardwareHealthtechMobility & Transportation

Co-investors5050 PartnersCRCraft VenturesDIDigitalis VenturesGVGV (Google Ventures)ICICONIQICICONIQ Growth+6 more

Omni is a non-custodial multi-chain crypto wallet that lets users store, bridge, and swap tokens across multiple blockchains, import wallets from MetaMask, Keplr, and Phantom, build custom portfolios, and buy crypto with a credit card.

Crypto & Web3Fintech

Serafin Lion Engel(Founder)

Co-investorsFIFigmentFLFlori VenturesCRCraft VenturesDIDigitalis VenturesEMEmerge VenturesGVGV (Google Ventures)+11 more

Identity verification enabling companies to confirm their users' identities.

CYCharles Yeh(Founder)in

Co-investorsFEFelicis VenturesFIFirebolt Ventures Management Company, LlcFOFounders FundINIndex VenturesINInsight PartnersKAKarma Ventures+7 more

Scorbit builds a platform that connects arcade and pinball machines to the internet, enabling competition, leaderboards, and digital payments for venues and players.

GamingIoTSaaSSports Tech

Co-investorsGRGrand VenturesIDID VenturesMIMichigan RiseMUMudita VentureWAWakestream VenturesGAGambit Ventures

Serval is an AI-native IT service management (ITSM) platform that automates help desk requests, employee onboarding/offboarding, and access provisioning using AI agents.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareSan Francisco, US

JSJake Stauch(Founder)inAMAlex McLeod(Founder)inJake Stauch Alex McLeod(Founder)

Co-investorsAVavraBOBoxGroupCHChemistryGEGeneral CatalystMEMeritech Capital PartnersRARadical Ventures+8 more

Spur provides an AI-powered autonomous testing platform that automatically plans, executes, and reports software tests across web and mobile applications.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareNew York City, US

SSSneha Sivakumar(CEO)inANAnushka Nijhawan(CTO)inSneha Sivakumar Anushka Nijhawan(Founder)

Co-investorsPEPear VCPRPredictive VCY Y CombinatorCOConvictionINInsight PartnersLILiquid Ventures+3 more

Claymont, US

SKSidharth Kakkar(Executive Officer, Director)in

Co-investorsASASDF VenturesFOForum VenturesFRFresco CapitalKAKapor CapitalPEPelion Venture Partners

Theseus builds robotic situational awareness software using visual positioning for drones that operate in GPS-denied environments.

Advanced ManufacturingAI & Machine LearningDefense TechHardwareRoboticsSan Francisco, US

ILIan Laffey(Founder)inSLSacha Lévy(Founder)inCarl Schoeller(Founder)Yasmin Acevedo(Recruiter)Luca Lery Moffat(COO)

Co-investorsY Y CombinatorPIPioneerANAntlerENEndor CapitalFOForesite CapitalFUFusion+7 more

Throne Labs builds clean, accessible public restrooms that use technology to make them cost-effective and pleasant to use, deployed in downtown areas, parks, and transit stations.

HardwareImpact & Social GoodIoTPropTechLos Angeles, US

JHJessica Heinzelman(Director)inFWFletcher Wilson(Co-founder & CEO)in

BoardEREric Reiter(effective 10/15/2025)inPhillip Attia(Director)Ravin Gandhi(Director)Benjamin Clark(effective 10/15/2025)

Co-investorsBRBrentwood AssociatesDIDipalo VenturesSASandalphon CapitalKHKhosla VenturesNENextGen Venture PartnersUNUncorrelated Ventures+1 more

VYBE Network provides real-time on-chain data and portfolio tracking for Solana traders and developers, offering historical wallet data, trading signals, and intelligence on top traders through APIs and a web dashboard.

Crypto & Web3Data & Infrastructure

Arun Dass(Founder)in

Co-investorsLELemniscapRYRyze LabsOROrange CollectivePEPelion VenturesY Y Combinator

Vybecard appears to be a payment or money-management product oriented toward teenagers, with content on how teens can get paid and manage money.

Fintech

Co-investorsTRTranspose Platform ManagementVIVibe CapitalAPApex CapitalOROrange CollectivePEPelion VenturesSESerum+4 more