Investments
899Portfolio Exits
193Funds
25About 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.
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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).
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.
Restaurant Tech
20 items
Hardware and software for restaurant management, bookings, staffing, mobile restaurant payments, inventory management, and more.
HR Tech
65 items
Store management tech (In-store retail tech)
55 items
Startups aiming work with retailers to improve brick-and-mortar retail operations.
Agriculture Technology (Agtech)
24 items
Companies that are using technology to make farms more efficient
Banking
44 items
Based on CB Insights Research Brief: https://www.cbinsights.com/blog/industry-market-map-landscape/#retail banking
Research containing First Round Capital
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned First Round Capital in 23 CB Insights research briefs, most recently on Jun 28, 2022.
Latest First Round Capital News
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.
First Round Capital Investments Activity
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 | |||||
9/14/2022 | Series D |
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 | ||
Amount | $20M | $10M | $3.5M | ||
New? | Yes | Yes | Yes | ||
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 |
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 | 13 | |||
5/10/2022 | Acquired | 4 | |||
5/10/2022 | Acq - Talent | 3 | |||
Date | 10/20/2022 | 5/10/2022 | 5/10/2022 | ||
|---|---|---|---|---|---|
Exit | Acquired | Acquired | Acq - Talent | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 13 | 4 | 3 |
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 | ||||
5/9/2012 | First Round Capital IV |
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 | |||
Status | Closed | Closed | |||
Amount | $5.55M | $174.95M | $3.75M | ||
Sources | 1 | 1 | 1 |
First Round Capital Team
7 Team Members
First Round Capital has 7 team members, including , .
Name | Work History | Title | Status |
|---|---|---|---|
Auston Bunsen | CBlocks, Wyncode, Expedited Travel, and Bombardier | Founder | Current |
Name | Auston Bunsen | ||||
|---|---|---|---|---|---|
Work History | CBlocks, Wyncode, Expedited Travel, and Bombardier | ||||
Title | Founder | ||||
Status | Current |
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