First Round Capital

First Round Capital is a venture capital firm that works with founders at the very start of building a company, often when they hold little more than an idea. It usually provides the first outside money, and it says it is normally not a fit for teams that have already raised several million.

Services

• Pre-seed and seed funding: first investment into new companies, treating angel, pre-seed and seed stages alike.
• Series A investment: continued backing for companies once they grow beyond the first round.
• Early company-building help: hands-on support with first hires, the first product and the first customers.

Clients

Early-stage founders. Its investments tend to cluster around enterprise, consumer, hardware, fintech and healthcare software, but it also looks at other ideas. The founding team carries the most weight in its decisions.

Key facts

• Portfolio: more than 300 companies, including Notion, Roblox, Uber and Square
• Focus: pre-seed, seed and Series A