First Round Capital
Seed venture capital firm · San Francisco
First Round Capital is a Seed venture capital firm based in San Francisco that typically writes $500K–$15M checks in SaaS, Fintech and Gaming. DryPowder has no SEC Form D on file for First Round Capital as of October 20, 2026.
Updated · Sources: fund website, press
- Typical check
- $500K–$15M
- Stages
- Seed
- Headquarters
- San Francisco
Overview
First Round Capital at a glance
- Stage
- Seed
- Check size
- $500K–$15M
- Sectors
- SaaS, Fintech, Gaming, Infrastructure, AI/ML, Healthcare
- Headquarters
- San Francisco
- Cold inbound
- Warm intro preferred
- Website
- firstround.com
Investment thesis
First Round partners with unreasonable founders at the earliest stages to help them imagine and build transformative companies. The fund focuses on being the world's best partner for founders during the very first stages of company creation through active, hands-on support from former founder partners.
Stated on firstround.comWEBSITE
What sets First Round Capital apart
- 20+ years of early-stage focused experience
- Partners are mostly former founders themselves
- Hands-on support beyond board meetings
- Focus on skipping costly detours through early-stage expertise
Recent investments
DryPowder has tracked these recent investments from First Round Capital: Fal, Parallel, Reducto, Serval, Omni and Together AI.
What the portfolio shows
Portfolio 17
Backed: Notion, Roblox, Clay + 14 more
Partners
Partners at First Round Capital
Team data is not yet available for First Round Capital. Visit the website
Activity
Deployment evidence
SEC Form D filings
DryPowder has no SEC Form D on file for First Round Capital in the last three years.
In the news
See all in deal flowSimilar funds
Funds like First Round Capital
FAQ
Questions about First Round Capital
What does First Round Capital invest in?
First Round Capital is a Seed stage SaaS, Fintech, Gaming, Infrastructure, AI/ML, Healthcare investor, typically writing $500K – $15M checks, primarily investing in US. Their thesis: First Round partners with unreasonable founders at the earliest stages to help them imagine and build transformative companies. The fund focuses on being the world's best partner for founders during the very first stages of company creation through active, hands-on support from former founder…
What check size does First Round Capital write?
First Round Capital typically writes $500K – $15M checks at the Seed stage in SaaS, Fintech, Gaming, Infrastructure, AI/ML, Healthcare.
What makes First Round Capital different from other funds?
First Round Capital stands out on 4 points: 20+ years of early-stage focused experience; Partners are mostly former founders themselves; Hands-on support beyond board meetings; Focus on skipping costly detours through early-stage expertise.
What has First Round Capital invested in recently?
Recent investments DryPowder has tracked from First Round Capital include Fal, Parallel, Reducto, Serval, Omni, Together AI.
What other funds are similar to First Round Capital?
Funds with an overlapping stage and sector focus include Initialized Capital, Y Combinator, Ardent Venture Partners.
How do I reach First Round Capital?
First Round Capital does not generally take cold inbound; a warm introduction from a founder or investor the firm knows is the usual path.
Sources
- Website: First Round Capital website (firstround.com)
- Press: techcrunch.com article mentioning First Round Capital,
- Method: How DryPowder builds its data
Updated