About First Round Capital
First Round Capital is a venture capital firm founded in 2004. It is primarily based out of San Francisco, United States. As of Apr 2026, First Round Capital is an active investor, having invested in 558 companies, with 16 new investments in the last 12 months. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it participated in the $***** Series B round of Actively Overall, First Round Capital portfolio has seen 20 unicorns, 14 IPOs and 207 acquisitions including key companies like Uber, Roblox and Rover. A lot of funds co-invest with First Round Capital, with names like SV Angel sharing a substantial percentage of its portfolio. First Round Capital has team of 31 people including 8 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 8 more
Portfolio IPOs
Portfolio Unicorns
First Round Capital's List of Top Investments
First Round Capital has a portfolio of 558 companies, including 20 unicorns. Their most notable investments are in Brellium and Adentro.Their portfolio spans across United States, Canada, United Kingdom and 18 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 36 other sectors, across stages such as Seed, Series A and 8 more. Here is the list of top investments by First Round Capital:
1. Uber
Network providing on-demand transportation, delivery, and business management solutions. It facilitates ride requests and connects individuals with transportation providers. Additionally, it offers delivery services for food and other goods. The network extends to business solutions, providing tools for managing rides, meals, and local deliveries for organizations.
Key facts about Uber
- Founded Year: 2009
- Location: San Francisco (United States)
- Annual Revenue: $52B as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $13.2B
- Employee Count: 151,576 as on Mar 31, 2026
- Investors: TrueBridge, Star Tech NG and 191 Others
- Latest Funding Round: Post IPO, Dec 19, 2020, $*****
- Highlight: Public
2. Roblox
Online gaming platform for developing web and mobile games. The platform enables its users to create its own games through simple drag and drop mechanisms. It has developed Roblox an action game. It generates revenue through virtual purchases in-game by the use of a virtual currency Robux. The platform follows a revenue share model for game developers.
Key facts about Roblox
- Founded Year: 2004
- Location: San Mateo (United States)
- Annual Revenue: $4.89B as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $918M
- Employee Count: 9,156 as on Mar 31, 2026
- Investors: ADS Ventures, Meritech and 20 Others
- Latest Funding Round: Series H, Jan 06, 2021, $*****
- Highlight: Public
3. Rover
App-based pet sitting marketplace. The platform connects dog owners with dog sitters who look after pets at owners own homes. It allows users to find other pet-care service providers and book using the platform by making an online payment. Its service offerings include dog boarding, house sitting, dog walking, pet grooming, and more. The app is available for iOS and Android devices.
Key facts about Rover
- Founded Year: 2011
- Location: Olympia (United States)
- Annual Revenue: $174M as on Dec 31, 2022
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $409M
- Employee Count: 11,491 as on Mar 31, 2026
- Investors: TCV, Cross Creek and 31 Others
- Latest Funding Round: Venture Debt, May 24, 2018, $*****
- Highlight: Acquired
4. Square
Provider of integrated point of sale and business management solutions. The company delivers hardware and software for payments, retail, restaurants, and appointments. It offers tools for managing teams, payroll, marketing, customer relationships, and cash flow. The business provides solutions for various industries, including food and beverage, retail, beauty, and services.
Key facts about Square
- Founded Year: 2009
- Location: San Francisco (United States)
- Annual Revenue: $24.2B as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $520M
- Employee Count: 6,645 as on Mar 31, 2026
- Investors: TDM Growth Partners, Wider Sky and 59 Others
- Latest Funding Round: Post IPO, Mar 03, 2020, $*****
- Highlight: Public
5. Warby Parker
Internet first brand offering eyewear for men and women. The product catalog includes eyeglasses, sunglasses, contact lenses, and other eyewear accessories. The company also provides home-try-on program for customers to choose frames from the website.
Key facts about Warby Parker
- Founded Year: 2010
- Location: New York City (United States)
- Annual Revenue: $872M as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $573M
- Employee Count: 2,671 as on Mar 31, 2026
- Investors: equitywestsecurities.com, American Express Ventures and 36 Others
- Latest Funding Round: Series F, Aug 27, 2020, $*****
- Highlight: Public
First Round Capital's Year-on-Year Investment Trends
First Round Capital has invested in 558 companies over the last 21 years, with an average of 20 new investments annually in the last 10 years. In 2025, it made 49 investments, while as of Apr 2026, it has made 13 investments in this year. Its most recent first time investment was in Petual and most recent follow-on round was in Actively.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 5 | 8 | 13 |
2025 | 24 | 25 | 49 |
2024 | 11 | 8 | 19 |
2023 | 7 | 5 | 12 |
2022 | 30 | 16 | 46 |
2021 | 31 | 20 | 51 |
2020 | 18 | 15 | 33 |
2019 | 19 | 10 | 29 |
2018 | 19 | 15 | 34 |
2017 | 23 | 15 | 38 |
First Round Capital's Investments by Stage
First Round Capital has made 248 investments in Seed stage with an average round size of $3.96M, 169 investments in Series A stage with an average round size of $9.84M and 31 investments in Series B stage with an average round size of $22.6M.Stage of entry | No. of Investments |
|---|---|
Seed | 248 |
Series A | 169 |
Series B | 31 |
Series C | 7 |
Unattributed | 3 |
Others | 7 |
Note: We have considered here, only first round of investments
First Round Capital's Investments by Sector
First Round Capital has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, High Tech, FinTech and Retail. Notably, it has invested in 503 Tech companies, 356 Enterprise (B2B) companies, 325 Software companies and at least 222 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 236 |
Consumer | 130 |
High Tech | 81 |
FinTech | 64 |
Retail | 64 |
Others | 474 |
Note: We have considered here, only first round of investments
First Round Capital's Investments by Geography
First Round Capital has made most investments in United States (433), followed by Canada where it has made 11 investments.Country | No. of Investments |
|---|---|
United States | 433 |
Canada | 11 |
United Kingdom | 7 |
India | 2 |
Ireland | 2 |
Others | 14 |
Note: We have considered here, only first round of investments
First Round Capital's recent investments
First Round Capital has made 13 investments in 2026 so far. Actively and Omni are the latest among them.Here are the most recent investments by First Round Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 28, 2026 | United States | Series B | 8414 | [+3] | |
Apr 23, 2026 | United States | Series C | 8916 | [+3] | |
Apr 23, 2026 | United States | Series A | 5247 | [+2] | |
Apr 03, 2026 | United States | Series C | 1806 | [+3] | |
Mar 24, 2026 | United States | Series C | 5825 | [+8] |
Unicorns in First Round Capital's Portfolio
First Round Capital has 20 unicorns in its portfolio - Parallel Web Systems, Omni, K2 Space and others. The most recent unicorn in their portfolio is Parallel Web Systems. It became a unicorn in 2026, 2 years after First Round Capital first invested in it.Here is a list of unicorns in First Round Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
64 | Developer of an API providing web search for AI applications | 2023 | Palo Alto | Series B | rtktuad | ||
65 | Business intelligence platform for businesses | 2014 | San Francisco | Series C | vmagmgi | ||
66 | Provider of aerospace hardware products designed services | 2004 | Los Angeles | Series C | {vfetle | ||
63 | Developer of artificial intelligence agents for automated information technology workflows | 2024 | San Francisco | Series B | om{kjev | ||
66 | Provider of a solution to deploy real-time ML data pipelines | 2020 | - | Series D | veotltg |
IPOs and Publicly Listed companies in First Round Capital's Portfolio
14 of First Round Capital's portfolio companies have become public. Merlin Labs got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Mar 2026 and Warby Parker got listed on the New York Stock Exchange (NYSE) at marketcap of $5.21B.Here are First Round Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 17, 2026 | May 26, 2021 | Series B | 4497 | |
Sep 29, 2021 | May 31, 2011 | Seed | 1838 | |
Apr 30, 2021 | Dec 21, 2012 | Series A | 2626 | |
Apr 21, 2021 | May 18, 2009 | Series A | 9041 | |
Mar 10, 2021 | Jul 21, 2009 | Seed | 5737 |
Acquired companies in First Round Capital's Portfolio
207 companies from First Round Capital's portfolio have been acquired. The most recent acquisition were Cocoon in Apr 2026 by TriNet.Here are First Round Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 09, 2026 | Dec 2020 | Seed | 9002 | |
Mar 19, 2026 | Jun 22, 2022 | Series A | 4997 | |
Jan 29, 2026 | Oct 17, 2018 | Seed | 4566 | |
Jan 21, 2026 | Jul 12, 2022 | Seed | 1795 | |
Dec 17, 2025 | - | - | 6674 |
Team profile of First Round Capital
First Round Capital has a team of 31 members including 8 Partners and 1 Principal located in United States. First Round Capital's team sits on the board of 6 companies.Here is a list of top team members in First Round Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | San Francisco | Odeko and UrbanSitter | ||
Partner | New York City | |||
Partner | United States | |||
Partner | Philadelphia | |||
Partner | United States | - | ||
Partner | San Francisco | - | ||
Partner | San Francisco | - | ||
Partner | San Francisco | - | ||
Principal | New York City | - |
Co-investors of First Round Capital
Over the past 21 years, 2309 investors have co-invested in First Round Capital's portfolio companies. This includes funds and angels.
- Invested before First Round Capital: Y Combinator, SV Angel and 275 others have invested in rounds before First Round Capital. There are 40 companies where Y Combinator has invested before First Round Capital and 7 companies where SV Angel has invested before First Round Capital.
- Top Co-investors of First Round Capital: 936 investors entered a company along with First Round Capital. These include investors like SV Angel (58 companies).
- Invested after First Round Capital: A total of 1096 investors have invested in First Round Capital's portfolio after their investments. Top Investors include Andreessen Horowitz (16 companies), Kleiner Perkins (13 companies) and Felicis Ventures (13 companies).
Recent News related to First Round Capital
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Parag Agrawal's Parallel Web Systems raises $100M for AI agent web infrastructureSiliconAngle•Apr 29, 2026•Parallel Web Systems, Sequoia Capital, Index Ventures, First Round Capital and 2 others
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Manifest OS Raises $60 Million Series A Funding at $750 Million ValuationYahoo•Apr 29, 2026•Kleiner Perkins, Menlo Ventures, Manifest, Quiet Capital and 1 other
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Actively Secures $45M Series B to Deploy AI Superintelligence Agents in SalesTechStartups.com•Apr 28, 2026•First Harmonic, TCV, Bain Capital, Actively and 3 others
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Big Series C for Unicorn BI Firm OmniMrWeb•Apr 25, 2026•IconiQ, Omni, Google Ventures, Redpoint Ventures and 2 others
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daydream Raises $15M Series A to Build the World’s Best AI-Native Agency for SEOintelligence360•Apr 20, 2026•Daydream, Basis Set Ventures, WndrCo, First Round Capital
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Pillar raises $20m in new fundingFinTech Collective•Apr 17, 2026•Pillar, Andreessen Horowitz, Petual, First Round Capital and 2 others
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Solidroad Raises $25M in Series A FundingFinSMEs•Apr 16, 2026•Solidroad, Hedosophia, Y Combinator, Sony Innovation Fund and 1 other
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Artemis Raised $70 Million with Microsoft and Palo Alto Executives ParticipatingPeople & Computers•Apr 15, 2026•First Round Capital
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Noon Raises $44M in Seed FundingFinSMEs•Apr 06, 2026•Elevation Capital, Scribble Ventures, Afore Capital, First Round Capital and 1 other
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daydream Raises $15M Series A to Build the World's Best AI-Native Agency for SEOCNW•Apr 02, 2026•Daydream, Basis Set Ventures, WndrCo, First Round Capital and 1 other
