First Round Capital

venture capital
San Francisco, United StatesFounded 2004Website

AUM

$3.5M

Team

1

Funds

2

Investment Thesis

Top Sectors

Consumer
Space
Web3 / Crypto

Preferred Stages

Pre-Seed
Series B
Seed

Deal Pace

0.7

deals/year avg

Team Activity Score87/100

Investment Team

J
Josh Kopelman
Founder & Partner
Hot 87

Portfolio Companies(8)

Relativity Space

SpacePre-Seed
$11.1M
Oct 2024

Celsius Network

Web3 / CryptoSeries B
$150.0M
Nov 2021

Snowflake

SaaSPre-Seed
$45.0M
Jul 2021

Reddit

ConsumerPre-Seed
$39.7M
May 2020

Linear

Dev ToolsSeed
$14.5M
Apr 2020

Anthropic

AI / MLPre-Seed
$1.4M
Dec 2019

Anki

ConsumerSeries C
$11.0M
Jul 2014

Shyp

MarketplaceSeries A
$420K
Apr 2014

Portfolio Breakdown

By Sector

Consumer2 deals · 25%
Space1 deal · 13%
Web3 / Crypto1 deal · 13%
SaaS1 deal · 13%
Dev Tools1 deal · 13%
AI / ML1 deal · 13%
Marketplace1 deal · 13%

By Stage

Pre-Seed4 deals · 50%
Series B1 deal · 13%
Seed1 deal · 13%
Series C1 deal · 13%
Series A1 deal · 13%
8 tracked deals7 sectors · 5 stages

Deal Activity by Year

2014
2
2019
1
2020
2
2021
2
2024
1

Fund Vehicles

First Round Capital Fund 2
Hot
Size: $3.7M
deploying22% deployed
First Round Capital Fund 1
Warm
Size: $5.4M
deploying79% deployed