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Venture Capital
firstround.com

Investments

899

Portfolio Exits

193

Funds

25

About First Round Capital

First Round Capital is a venture capital firm that often invests in pre-revenue and previously unfunded companies. First Round Capital invests nationally and has offices in Philadelphia and San Francisco.

Headquarters Location

2400 Market Street Suite 237

Philadelphia, Pennsylvania, 19104,

United States

610-834-1461

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Expert Collections containing First Round Capital

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find First Round Capital in 17 Expert Collections, including Direct-To-Consumer Brands (Non-Food).

D

Direct-To-Consumer Brands (Non-Food)

37 items

Startups selling their own branded products directly to consumers via online/mobile channels, rather than relying on department stores or big online marketplaces.

R

Restaurant Tech

20 items

Hardware and software for restaurant management, bookings, staffing, mobile restaurant payments, inventory management, and more.

H

HR Tech

65 items

S

Store management tech (In-store retail tech)

55 items

Startups aiming work with retailers to improve brick-and-mortar retail operations.

A

Agriculture Technology (Agtech)

24 items

Companies that are using technology to make farms more efficient

B

Banking

44 items

Based on CB Insights Research Brief: https://www.cbinsights.com/blog/industry-market-map-landscape/#retail banking

Latest First Round Capital News

Sunflower Bank, N.A. Announces Launch of New Small Business Lending Online Platform in Partnership with SmartBiz®

Jan 19, 2023

Announces Launch of New Small Business Lending Online Platform in Partnership with SmartBiz® Sunflower Bank, N.A. Announces Launch of New Small Business Lending Online Platform in Partnership with SmartBiz® DENVER–(BUSINESS WIRE)–Sunflower Bank, N.A. is thrilled to announce the launch of a new small business lending platform in partnership with SmartBiz, the leading AI-powered small business financing platform. Through a new end-to-end online portal, small businesses in Sunflower Bank, N.A.’s branch footprint now have access to a streamlined process to apply for conventional small business loans from $25,000-$350,000. Small Business Administration (SBA) 7(a) and Express Line loan products will be available beginning in second quarter 2023. “SmartBiz aligns with our relationship banking approach, as well as our ambitious growth plans through its combination of technology and live support,” said Matt Fitch, Managing Director of Business Banking and SBA at Sunflower Bank, N.A. “We are very excited to be able to meet the needs of more small business customers together and look forward to a long and productive partnership.” SmartBiz CEO Evan Singer said: “Our mission at SmartBiz is to equip every entrepreneur with reliable access to the capital they need. We are thrilled to partner with Sunflower Bank, N.A. to ensure their clients can grow and strengthen their businesses with the right capital at the right time.” Sunflower Bank, N.A. operates as Sunflower Bank and First National 1870 with 65 branches throughout Arizona, Colorado, Kansas, New Mexico, and Texas. By leveraging the leading-edge technology and experienced small business loan specialists available from SmartBiz, Sunflower Bank, N.A. has added efficiency along with individualized support throughout the entire loan application and approval process. About Sunflower Bank, N.A. Operating as Sunflower Bank, First National 1870 and Guardian Mortgage, Sunflower Bank, N.A. provides financial solutions to the individual communities it serves. With $7.1 billion in assets as of September 30, 2022, headquarters in Denver, bank locations in five states, and mortgage capabilities in more than 40 states, Sunflower Bank, N.A. provides a full range of relationship-focused services to meet personal, business and wealth management financial objectives. Member FDIC. Equal Housing Lender. First National 1870 and Guardian Mortgage are divisions of Sunflower Bank, N.A. About SmartBiz SmartBiz is the leading AI-powered small business financing platform equipping entrepreneurs with access to the right capital at the right time. To date, SmartBiz has connected borrowers with more than $9 billion in financing while increasing efficiency for its network of banks and trusted lending partners. More than 230,000 entrepreneurs have utilized SmartBiz to access the funding they need to grow, with 60% of loans made to minority, women, or veteran-owned businesses. SmartBiz was named the Top Small Business Lending Platform by LendIt Fintech ® in 2022 for excellence in keeping the economy running through successful loan performance, volume, growth, product diversity, and innovation. Founded in 2009 and headquartered in San Francisco and Austin, SmartBiz is backed by Venrock®, Investor Growth Capital®, First Round Capital®, Baseline Ventures®, and Uncork Capital®. Learn more about smartbizloans.com . Contacts

First Round Capital Investments

899 Investments

First Round Capital has made 899 investments. Their latest investment was in Koala Health as part of their Unattributed VC on December 12, 2022.

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First Round Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/29/2022

Unattributed VC

Koala Health

$20M

Yes

First Round Capital, Menlo Ventures, and Undisclosed Investors

1

11/1/2022

Seed VC

Rewind

$10M

Yes

Andreessen Horowitz, First Round Capital, and Undisclosed Investors

1

10/14/2022

Seed VC - II

Treet

$3.5M

Yes

First Round Capital, and Undisclosed Investors

3

10/6/2022

Series A

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$99M

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10

9/14/2022

Series D

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$99M

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10

Date

12/29/2022

11/1/2022

10/14/2022

10/6/2022

9/14/2022

Round

Unattributed VC

Seed VC

Seed VC - II

Series A

Series D

Company

Koala Health

Rewind

Treet

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Amount

$20M

$10M

$3.5M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

First Round Capital, Menlo Ventures, and Undisclosed Investors

Andreessen Horowitz, First Round Capital, and Undisclosed Investors

First Round Capital, and Undisclosed Investors

Sources

1

1

3

10

10

First Round Capital Portfolio Exits

193 Portfolio Exits

First Round Capital has 193 portfolio exits. Their latest portfolio exit was Naborly on October 20, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/20/2022

Acquired

$99M

13

5/10/2022

Acquired

$99M

4

5/10/2022

Acq - Talent

$99M

3

4/1/2022

Acquired

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$99M

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10

3/22/2022

Merger

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$99M

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10

Date

10/20/2022

5/10/2022

5/10/2022

4/1/2022

3/22/2022

Exit

Acquired

Acquired

Acq - Talent

Acquired

Merger

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

13

4

3

10

10

First Round Capital Fund History

25 Fund Histories

First Round Capital has 25 funds, including First Round Capital VI Partners Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

9/8/2016

First Round Capital VI Partners Fund

Early-Stage Venture Capital

Closed

$5.55M

1

9/8/2016

First Round Capital VI

Early-Stage Venture Capital

Closed

$174.95M

1

6/30/2014

First Round Capital V Partners Fund

$3.75M

1

6/26/2014

First Round Capital V

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$99M

10

5/9/2012

First Round Capital IV

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$99M

10

Closing Date

9/8/2016

9/8/2016

6/30/2014

6/26/2014

5/9/2012

Fund

First Round Capital VI Partners Fund

First Round Capital VI

First Round Capital V Partners Fund

First Round Capital V

First Round Capital IV

Fund Type

Early-Stage Venture Capital

Early-Stage Venture Capital

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Status

Closed

Closed

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Amount

$5.55M

$174.95M

$3.75M

$99M

$99M

Sources

1

1

1

10

10

First Round Capital Team

7 Team Members

First Round Capital has 7 team members, including , .

Name

Work History

Title

Status

Auston Bunsen

Founder

Current

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Name

Auston Bunsen

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Work History

Title

Founder

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Status

Current

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