First Round Capital is a leading seed-stage venture capital firm founded in 2004 and based in San Francisco, with additional offices in New York, Philadelphia, and international locations. The firm invests at the earliest stages—pre-seed, seed, and occasionally Series A—priding itself on being a founder’s first institutional partner and providing hands-on support in areas such as hiring, product development, go-to-market strategy, and community building.

The firm has raised multiple flagship funds, including a $500 million Fund IX in 2022 and a $500 million Fund X in 2025, and has backed notable companies such as Uber, Square, Roblox, Notion, Verkada, and Ring. First Round offers value-add programs including the First Round Network, Founder Forums, First Round Review, Pitch Assist, and Discovery Assist, designed to accelerate early-stage company building and founder success.