First Round Capital

First Round Capital is a venture capital firm that focuses on investing in pre-seed, seed, and Series A stages. The firm has invested in over 300 companies, many of which approached them with just an idea and no prior capital raised. Their investments tend to cluster around enterprise, consumer, hardware, fintech, and healthcare sectors. To support founders, First Round Capital has added a dedicated Infrastructure & AI/ML investor and developed a detailed product-market fit framework for B2B founders. The firm offers a program called Pitch Assist to help companies with their fundraising strategy and presentations and has a Second Round Guarantee, committing up to $3M in the next outside-led venture round. First Round Capital’s Talent Team assists early-stage companies with hiring, including sourcing candidates and providing compensation data, while their Go-To-Market team helps with sales strategies and customer acquisition. The firm also operates the First Round Network, a platform for its community to share knowledge and solve problems collaboratively. With offices in San Francisco, New York City, and Philadelphia, First Round Capital offers various programs such as Fast Track, a 90-day mentorship experience for tech leaders, and Angel Track, which helps promising angels sharpen their investing skills and build a community. The firm has a high success rate in helping its companies raise follow-on capital, with 76% making it to Series A. Additionally, First Round Capital has a large and thriving healthcare community with investments in companies like Flatiron Health, Rupa Health, and Forward.