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First Round Capital

Founders Howard Morgan Josh Kopelman

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 919
Average round size
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The average size of a deal this fund participated in
$11M
Portfolio companies 475
Rounds per year 45.95
Lead investments 98
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.48
Exits 171
Key employees 8
Stages of investment
Early Stage Venture
Late Stage Venture
Seed

Areas of investment

  • Software
  • Internet
  • Information Technology
  • Mobile
  • E-Commerce
Summary

First Round Capital appeared to be the VC, which was created in 2004. The venture was found in North America in United States. The main office of represented VC is situated in the San Francisco.

The usual cause for the fund is to invest in rounds with 5-6 partakers. Despite the First Round Capital, startups are often financed by Rose Tech Ventures, Oreilly AlphaTech Ventures, Forerunner Ventures. The meaningful sponsors for the fund in investment in the same round are SV Angel, Max Levchin, Emergence. In the next rounds fund is usually obtained by Venrock, Tiger Global Management, Icon Ventures.

When the investment is from First Round Capital the average startup value is 100-500 millions dollars. The top amount of exits for fund were in 2018. The fund is constantly included in 25-48 investment rounds annually. Comparing to the other companies, this First Round Capital performs on 10 percentage points less the average number of lead investments. The top activity for fund was in 2011. Despite it in 2019 the fund had an activity. The real fund results show that this VC is 5 percentage points less often commits exit comparing to other companies. Deals in the range of 10 - 50 millions dollars are the general things for fund.

The current fund was established by Howard Morgan, Josh Kopelman. The overall number of key employees were 8.

For fund there is a match between the location of its establishment and the land of its numerous investments - United States. Besides, a startup needs to be aged 2-3 years to get the investment from the fund. The fund has no exact preference in a number of founders of portfolio startups. If startup sums 5+ of the founder, the chance for it to be financed is low. Among the most successful fund investment fields, there are Enterprise Software, Information Technology. Among the most popular portfolio startups of the fund, we may highlight Uber, Flexport, Square.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Omnea

B2B
Financial Services
FinTech
Information Technology
Procurement
Software
14 Oct 2024 London, England, United Kingdom

Reducto

Document Management
Web Development
02 Oct 2024 San Francisco, California, United States

Prepared

Information Services
Information Technology
$27M26 Sep 2024 New Haven, Connecticut, United States

Fal

Cloud Management
Information Technology
Machine Learning
Software
Web Development
$14M18 Sep 2024 -

Candid Health

Artificial Intelligence
Health Care
Medical
$29M11 Sep 2024 San Francisco, California, United States

The Rounds

Consumer Goods
Delivery Service
Logistics
$24M21 Aug 2024 -

Vitable Health

Health Care
Health Insurance
Insurance
$16M19 Jul 2024 Ridley Township, Pennsylvania, United States

Didero

$7M17 Jul 2024 New York, New York, United States

Clay

Software
$46M27 Jun 2024 Brooklyn, New York, United States
News
Grow Therapy plants $15M into helping therapists start their own practices

– Grow Therapy, a behavioral health startup, raised $15m in Series A funding.
– The round was led by SignalFire and joined by existing investors, including First Round Capital, Lowercase Capital, and others.
– The company plans to use the funding to expand its team and grow its network of therapists.

Loyal raises $27M, aims to give dog owners more time with their pets

– San Francisco startup Loyal raised $27m in Series A funding.
– The round was led by Khosla Ventures and included First Round Capital, Box Group, Collaborative Fund, The Longevity Fund and Lachy Groom.
– The company is building an animal pharmaceutical company that is developing therapeutics aimed at extending both lifespan and healthspan for dogs.

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Total investments 919
Average round size 11M
Rounds per year 45.95
Peak activity year 2011
Lead investments 98
Follow on index 0.48
Exits 171
Group Appearance index 0.95

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Omnea

B2B
Financial Services
FinTech
Information Technology
Procurement
Software
14 Oct 2024 London, England, United Kingdom

Reducto

Document Management
Web Development
02 Oct 2024 San Francisco, California, United States

Prepared

Information Services
Information Technology
$27M26 Sep 2024 New Haven, Connecticut, United States

Fal

Cloud Management
Information Technology
Machine Learning
Software
Web Development
$14M18 Sep 2024 -

Candid Health

Artificial Intelligence
Health Care
Medical
$29M11 Sep 2024 San Francisco, California, United States

The Rounds

Consumer Goods
Delivery Service
Logistics
$24M21 Aug 2024 -

Vitable Health

Health Care
Health Insurance
Insurance
$16M19 Jul 2024 Ridley Township, Pennsylvania, United States

Didero

$7M17 Jul 2024 New York, New York, United States

Clay

Software
$46M27 Jun 2024 Brooklyn, New York, United States
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