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At a glance
First Round Capital appears in 7 funding rounds tracked by ValueAddVC since 2025, leading 2. Its most frequent sectors in these rounds are Enterprise Software and Health & Biotech, and its most recent tracked deal was Town's $108M Series B round (Oct 19, 2026). It co-invests most often with Sequoia Capital. ValueAddVC also tracks 8 funds managed by First Round Capital.
Strategy
Stages
Pre-SeedSeed
Sectors
EnterpriseAIHardwareHealthcareFintechConsumer
Geographies
USASan Francisco, California, USA
Check size
$100K–$20MOpen Roles
1Recent changes
- Oct 19, 2026Oct 19, 2026Invested in Town (Series B, $108M) GlobeNewswire
- Oct 12, 2026Oct 12, 2026Wiremind Raises First Round After 12 Years Pulse story
- Oct 7, 2026Oct 7, 2026Invested in Healthleap (Seed + Series A, $38M) TechCrunch
- Oct 6, 2026Oct 6, 2026Invested in Flai (Series A, $27M) The SaaS News
- Sep 28, 2026Sep 28, 2026Invested in Quartermaster (Series B, $100M) TechCrunch
Earlier changes (12)
- Sep 5, 2026Sep 5, 2026Sectors updated: Enterprise, AI, Hardware, Healthcare, Fintech, Consumer firstround.com
- Sep 5, 2026Sep 5, 2026Stages updated: Pre-Seed, Seed firstround.com
- Sep 5, 2026Sep 5, 2026Check size updated: $100K–$20M firstround.com
- Jul 31, 2026Jul 31, 2026Invested in Ellis (Seed, $10M) TechCrunch
- Oct 9, 2025Oct 9, 2025New fund: First Round Capital Fund X (target $16M) SEC EDGAR Form D
- May 29, 2025May 29, 2025Invested in Rillet (Series A, $25M) FinTech Futures
- May 11, 2022May 11, 2022New fund: First Round Capital Fund IX (target $16M) SEC EDGAR Form D
- Oct 13, 2020Oct 13, 2020New fund: First Round Capital Fund VIII (target $300M) SEC EDGAR Form D
- Oct 18, 2018Oct 18, 2018New fund: First Round Capital Fund VII (target $209M) SEC EDGAR Form D
- Sep 9, 2016Sep 9, 2016New fund: First Round Capital Fund VI ($174.95M) SEC EDGAR Form D
- Jan 1, 2014Jan 1, 2014New fund: First Round Capital Fund V ($175M) Value Add VC funds tracker
- Jan 1, 2012Jan 1, 2012New fund: First Round Capital Fund IV ($135M) Value Add VC funds tracker
Funds
8| Fund | Vintage | Size | Strategy | Source |
|---|---|---|---|---|
| First Round Capital Fund X | 2025 | target $16M | Flagship | As of Oct 9, 2025SEC EDGAR Form D |
| First Round Capital Fund IX | 2022 | target $16M | Flagship | As of May 11, 2022SEC EDGAR Form D |
| First Round Capital Fund VIII | 2020 | target $300M | Flagship | As of Sep 29, 2021SEC EDGAR Form D |
| First Round Capital Fund VII | 2018 | target $209M | Flagship | As of Oct 18, 2018SEC EDGAR Form D |
| First Round Capital Fund VI | 2016 | $174.95M | Flagship | As of Sep 9, 2016SEC EDGAR Form D |
Show 3 earlier funds
| Fund | Vintage | Size | Strategy | Source |
|---|---|---|---|---|
| First Round Capital VI Partners Fund | 2016 | $5.55M | Side vehicleSide vehicle (parallel, feeder, affiliate or SPV) — not the flagship close | As of Sep 9, 2016SEC EDGAR Form D |
| First Round Capital Fund V | 2014 | $175M | Flagship | As of 2014Value Add VC funds tracker |
| First Round Capital Fund IV | 2012 | $135M | Flagship | As of 2012Value Add VC funds tracker |
Portfolio
9 totalRecent Investment Activity
7Track record: led 2 and participated in 5 of 7 tracked venture rounds · 5 in the last 12 months · led 1 Seed + Series A
| Date | Company | Event | Role | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|---|---|
| Oct 19, 2026 | Town | Series B | Participated | $108M | $1B | Forerunner VenturesLeadunverifiedMenlo VenturesLeadunverifiedAndreessen HorowitzunverifiedFirst Round CapitalunverifiedBetter Tomorrow VenturesunverifiedScribble VenturesunverifiedSerena VenturesunverifiedPrecedent.vcSparked Ventures | GlobeNewswire |
| Oct 7, 2026 | Healthleap | Seed + Series A | Led | $38M | — | TechCrunch | |
| Oct 6, 2026 | Flai | Series A | Participated | $27M | — | Base10 PartnersLeadunverifiedToyota VenturesunverifiedFirst Round CapitalunverifiedY CombinatorunverifiedThe Friedkin GroupFindlay Automotive Group | The SaaS News |
| Sep 28, 2026 | Quartermaster | Series B | Participated | $100M | — | Insight PartnersLeadunverifiedOvermatch VenturesLeadunverifiedFirst Round CapitalTechCrunch · unverifiedStifel | Pulse story |
| Jul 31, 2026 | Ellis | Seed | Participated | $10M | — | TechCrunch | |
| May 29, 2025 | Rillet | Series A | Participated | $25M | — | FinTech Futures | |
| Brellium | funding round | Led | $23M | — | Tech Startups |
Sector / Stage Activity
By sector (portfolio)
Enterprise SaaS
2 · 22%
Healthcare AI
1 · 11%
Healthtech
1 · 11%
Fintech
1 · 11%
Crypto
1 · 11%
Healthcare
1 · 11%
Defense
1 · 11%
AI infra
1 · 11%
By stage (tracked rounds)
Series B
2 · 29%
Series A
2 · 29%
Seed + Series A
1 · 14%
Seed
1 · 14%
Co-Investors
12Andreessen Horowitz · 2 sharedMenlo Ventures · 2 sharedSequoia Capital · 2 shared645 Ventures · 1 sharedBase10 Partners · 1 sharedCapital A Partners · 1 sharedChemistry VC · 1 sharedChemistry Ventures · 1 sharedCoinbase · 1 sharedKearny Jackson · 1 sharedPolychain Capital · 1 sharedSBI Holdings · 1 shared
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Latest Pulse
- Oct 19, 2026Town Raises $108M Series B | $1B Valuation 4 Months After Series AThe AI assistant startup's valuation hit ten figures just months after its Series A, as investors race to fund AI tools built for entire teams rather than individual power users.→
- Oct 13, 2026Brellium Raises $23M To Hunt AI Billing ErrorsNew York-based Brellium raised $23M led by Left Lane Capital and First Round Capital, with its CortexLM system now auditing more than 22 million patient visits for billing and documentation errors.→
- Oct 12, 2026Wiremind Raises First Round After 12 YearsParis-based Wiremind raised €35 million (about $39 million), its first outside funding round since founding in 2014, after 12 years of bootstrapped, profitable growth.→
- Oct 7, 2026Healthleap Raises $38M to Catch Hospital Patients Doctors MissHealthleap raised $38 million combined seed and Series A funding for AI that flags hospital patients doctors may be missing, now live in 50-plus hospitals.→
- Oct 6, 2026Flai Raises $27M Series A For Dealership AI AgentsFlai raised a $27 million Series A led by Base10 Partners to expand its AI-native CRM for auto dealerships, which the company says has grown more than 20x in the past year.→
- Jul 31, 2026Cadre Founder Raises $10M Seed for Private Credit AIRyan Williams, co-founder of real estate platform Cadre, emerged from stealth with $10 million in seed funding for Ellis, an AI-native platform aimed at fixing private credit managers' fragmented data workflows.→
- Jul 30, 2026Assured Raises $19M to Automate Healthcare OpsAssured raised $19 million in Series A funding led by Insight Partners to build AI agents that automate healthcare provider back-office operations, with First Round Capital and Kindred Ventures also returning.→
- Jul 15, 2026Kevin Ryan's AlleyCorp Raises New $335M FundAlleyCorp, Kevin Ryan's NYC venture studio, closed a new $335 million fund to keep writing early-stage checks even as capital keeps concentrating in a handful of mega-managers.→
- Jun 26, 2026General Intuition Raises $320M Series A at $2.3B to Build AI Models From GameplayGeneral Intuition, a foundational AI model developer that trains systems on gameplay data, raised a $320 million Series A led by Khosla Ventures at a $2.3 billion valuation. The outsized first round bets that video games -- with their rich, interactive, physics-grounded environments -- are an underexploited training substrate for building AI with spatial reasoning and agency.→
First Round Capital FAQ
What is First Round Capital's latest fund?
First Round Capital Fund VI, closed at $174.95M (As of Sep 9, 2016; SEC EDGAR Form D).
How large are First Round Capital's funds?
First Round Capital funds Value Add tracks include First Round Capital Fund VI ($174.95M, 2016); First Round Capital Fund V ($175M, 2014); First Round Capital Fund IV ($135M, 2012), out of 8 First Round Capital funds tracked in total.
What companies has First Round Capital invested in?
First Round Capital's portfolio includes Town, Brellium, Healthleap, Flai, Quartermaster, Rillet, and 3 more tracked companies.
Who does First Round Capital co-invest with most?
In the rounds Value Add tracks, First Round Capital most often invests alongside Andreessen Horowitz (2 shared deals), Menlo Ventures (2 shared deals), Sequoia Capital (2 shared deals), 645 Ventures (1 shared deal), Base10 Partners (1 shared deal).
Sources & methodologyshow
Where these figures come from
- GlobeNewswireprimary source1 fact
- SEC EDGAR Form Dprimary source1 fact
- SEC EDGAR Form Dprimary source1 fact
- SEC EDGAR Form Dprimary source1 fact
- SEC EDGAR Form Dprimary source1 fact
- SEC EDGAR Form Dprimary source1 fact
- SEC EDGAR Form Dprimary source1 fact
- TechCrunchmajor outlet1 fact
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.