First Round Capital
First Round Capital is a venture capital firm specializing in pre-seed, seed, and Series A investments, with a focus on enterprise, consumer, hardware, fintech, and healthcare sectors.
Services
First Round Capital offers a range of services to support early-stage companies. Their Pitch Assist program helps startups with their fundraising strategy and presentations. The firm also provides a detailed product-market fit framework specifically for B2B founders. The Talent Team aids companies in hiring by sourcing candidates and providing compensation data. Additionally, the Go-To-Market team assists with sales strategies and customer acquisition efforts. They also offer programs like Fast Track, a 90-day mentorship experience for tech leaders, and Angel Track, which helps aspiring angels improve their investing skills.
Investment Strategy
First Round Capital 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 cluster around enterprise, consumer, hardware, fintech, and healthcare sectors. They have also introduced a dedicated Infrastructure & AI/ML investor to support founders in these technical domains. First Round Capital features a Second Round Guarantee, committing to take their pro rata in the next outside-led venture round with a commitment of up to $3M.
First Round Network
First Round Capital operates the First Round Network, a platform that allows its community to share knowledge and solve problems collaboratively. This platform is designed to foster communication and support among founders, investors, and experts within the firm's portfolio. The network further enhances the value that First Round Capital provides to its companies by facilitating the exchange of insights and best practices.
Locations
First Round Capital has offices situated in key entrepreneurial hubs to better serve their portfolio companies. Their offices are located in San Francisco, New York City, and Philadelphia. These strategic locations allow the firm to engage deeply with the startup ecosystems in different regions, providing localized support and resources to their investments.
Sector Focus
First Round Capital’s investments are primarily concentrated in several key sectors: enterprise, consumer, hardware, fintech, and healthcare. They have a strong track record in the healthcare sector, with investments in companies like Flatiron Health, Rupa Health, and Forward. By focusing on these sectors, First Round Capital aims to leverage its expertise and resources to drive growth and success in their portfolio companies.