First Round Capital

First Round Capital

Early-stage venture capital for founders

Overview

First Round Capital provides early-stage venture funding and hands-on support to founders in the very earliest stages of building a company. It works with teams during the “imagine if” phase, helping with crucial first hires and equipping product builders with sales skills to bring a product to market. The firm helps shape the core team and go-to-market approach to improve the odds of achieving strong product-market fit. Its differentiated approach centers on intensive, founder-centric involvement at the outset, rather than later-stage financing. The goal is to back founders when ideas are just forming and to turn those early efforts into successful companies, as seen with Notion, Roblox, Uber, and Square.

About First Round Capital

Simplify's Rating
Why First Round Capital is rated
B+
Rated A on Competitive Edge
Rated B on Growth Potential
Rated B on Differentiation

Industries

Venture Capital

Company Size

201-500

Company Stage

N/A

Total Funding

$13.4B

Headquarters

San Francisco, California

Founded

2004

Get referred to First Round Capital

See people who can refer or advise you

Simplify Jobs

Simplify's Take

What believers are saying

  • First Round led Aranya’s $11 million round on 2026-09-01 and remains highly active.
  • Tracxn counted 34 investments in 2026, signaling strong deployment across healthcare, robotics, and AI.
  • Its portfolio still attracts top co-investors, including Insight Partners, Oak HC/FT, and Obvious Ventures.

What critics are saying

  • Seed investing is brutally crowded; First Round faces Box Group, Y Combinator, and Menlo every week.
  • Merlin’s 2026-09-16 in-kind share distribution shows distributions, not fresh exits, still drive returns.
  • If AI seed rounds keep inflating entry prices, First Round’s classic seed edge erodes fast.

What makes First Round Capital unique

  • First Round’s Angel Track reached its 15th cohort on 2026-09-23, deepening founder sourcing.
  • Liz Wessel joined as partner in 2026, adding GTM expertise from Ramp, Ro, Scale AI.
  • The firm keeps a broad bench, with Josh Kopelman, Todd Jackson, Hayley Barna, and Brett Berson.

Help us improve and share your feedback! Did you find this helpful?

Funding

Total Funding

$13.4B

Above

Industry Average

Funded Over

0 Rounds

Benefits

Remote Work Options

Hybrid Work Options

Flexible Work Hours

Paid Vacation

Paid Holidays

Sabbatical Leave

Health Insurance

Wellness Program

Mental Health Support

Phone/Internet Stipend

Home Office Stipend

401(k) Retirement Plan

401(k) Company Match

Stock Options

Company Equity

Professional Development Budget

Conference Attendance Budget

Tuition Reimbursement

Tuition Reimbursement

Parental Leave

Family Planning Benefits

Fertility Treatment Support

Adoption Assistance

Childcare Support

Pet Insurance

Bereavement Leave

Meal Benefits

Relocation Assistance

Employee Referral Bonus

Performance Bonus

Profit Sharing

Education allowance

Company News

TechCrunch
Sep 28th, 2026
Quartermaster raises $140M Series B to expand ocean surveillance network across 650+ vessels

Arlington, Virginia-based Quartermaster has raised $140 million in Series B funding, just months after closing a $43 million Series A in May. The round was led by Insight Partners, with participation from new investor Overmatch Ventures and existing backers including First Round Capital. An additional $40 million came via a debt facility from Stifel. The startup deploys weather-hardened sensors called SmartMast on ships' masts to capture real-time maritime data using cameras and radios. This provides governments, shipping companies and insurers with far more information than standard location tracking systems. Each SmartMast records tens of gigabytes daily. Over 650 vessels across 25 countries now use the technology, with 800 units shipped to customers. Founder Neil Sobin said recent shipping chaos has driven demand for maritime surveillance capabilities.

Business Wire
Sep 17th, 2026
Actively AI Raises $22.5M to Maximize Revenue for Top Sales Teams with ‘GTM Superintelligence’

Actively AI, which applies AI reasoning for revenue teams, has raised $17.5 million in Series A funding led by Bain Capital Ventures. First Round Capital, wh...

Dealroom.co
Sep 16th, 2026
Cache company information, funding & investors

Cache, cache gives you access to the same advanced investing products used by the ultra-wealthy to manage concentrated wealth. Here you'll find information about their funding, investors and team.

Coursedog
Sep 15th, 2026
Coursedog Raises $17M to Break Down Barriers in Higher Education

Coursedog Raises $17M to break down barriers in higher education and enable administrators to better serve students.

Data Centre Magazine
Sep 15th, 2026
Aranya raises $11M to turn bare metal into AI clusters in 48 hours

Aranya, an AI infrastructure startup, has raised $11 million to help data centres convert bare metal into custom AI clusters within 48 hours. The funding comprises a $9 million seed round and a $2 million pre-seed round. The company's technology enables production-ready clusters with full visibility into inference and training management. In under a year, Aranya is managing over $500 million worth of GPUs. Co-founder and CEO Christian Bhatia Ondaatje said the company bridges the gap between owning hardware and running an AI cloud. Aranya's open-source engine, ClusterdOS, built on Kubernetes, transforms bare metal servers into self-healing, enterprise-ready clusters. The funding round was led by First Round Capital, with participation from BoxGroup, Vermilion Cliffs, and Asylum Ventures.

Recently Posted Jobs

Sign up to get curated job recommendations

First Round Capital is Hiring for 1 Jobs on Simplify!

Find jobs on Simplify and start your career today

Don't see your dream role? Check out thousands of other roles on Simplify. Browse all jobs →