Venture capital firm
First Round Capital LLC
First Round Capital LLC is a San Francisco- and Philadelphia-headquartered venture capital firm, early-stage asset manager, and general partner founded in 2004. Operating as a pioneer in seed-stage venture capital, the firm's core investment strategy centres on leading and participating in pre-seed and seed-stage financing rounds for ambitious technology founders before product launch or at ideation. First Round Capital LLC targets category-defining startups across software-as-a-service (SaaS), artificial intelligence, financial technology, healthcare/biotech, e-commerce, and enterprise software.
Investment focus
- Sectors
- Financial servicesConsumerTechnologyHealthcareManufacturing and industrials
- Stages and strategies
- SeedPre-seedSeries A
- Instruments
- Equity
- Regions
- Sub-Saharan Africa, Europe, Northern America
Selected portfolio and direct investments
- Healthleap Inc.
Recent investments and transactions
| Date | Transaction | Type | Value | Market |
|---|---|---|---|---|
| 14 Oct 2026 | Sequoia Capital, First Round Capital and Hummingbird Ventures invest USD 38 million in Healthleap | Venture Capital | $38m |
Sources
- Partner Researchers, accessed 14 November 2026