First Round Capital
First Round Capital last closed a fund in August 2026 — 3 months ago. By its own rhythm, that is barely into the cycle.
First Round Capital has raised 6 times about every 26 months. The last was First Round Capital X-F, L.P. That points to Oct 2028.
Historically about 1 in 8 firms this early in their cycle filed within a year. The month is approximate — how often this is right.
This firm closed a fund in the last 18 months, so it has money to put to work now.
- Funds on file
- 20
- Capital raised
- $2.78B
- Latest close
- August 2026
- Based in
- PA
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| First Round Capital X-F, L.P. | August 2026 | $325M | 0002147875 ↗ |
| First Round Capital X Partners Fund, L.P. | October 2025 | $16M | 0002090382 ↗ |
| First Round Capital X, L.P. | September 2025 | $500M | 0002086435 ↗ |
| First Round Capital IX Partners Fund, L.P. | May 2022 | $16M | 0001926469 ↗ |
| First Round Capital IX, L.P. | May 2022 | $500M | 0001926484 ↗ |
| First Round Capital VIII-F, L.P. | September 2021 | $250M | 0001883328 ↗ |
| First Round Capital VIII-F Partners Fund, L.P. | September 2021 | $15M | 0001883044 ↗ |
| First Round Capital VIII, L.P. | October 2020 | $296M | 0001827436 ↗ |
| First Round Capital VIII Partners Fund, L.P. | October 2020 | $10M | 0001827446 ↗ |
| First Round Capital VI, L.P. | August 2016 | $175M | 0001682482 ↗ |
| First Round Capital VI Partners Fund, L.P. | August 2016 | $6M | 0001682484 ↗ |
| First Round Capital V, L.P. | June 2014 | $175M | 0001611069 ↗ |
| First Round Capital V Partners Fund, L.P. | June 2014 | $4M | 0001611012 ↗ |
| First Round Capital IV Partners Fund, L.P. | April 2012 | $3M | 0001547073 ↗ |
| First Round Capital IV, L.P. | April 2012 | $135M | 0001547069 ↗ |
| First Round Capital III-A, L.P. | November 2010 | $742,500 | 0001501920 ↗ |
| First Round Capital III Partners Fund, L.P. | October 2010 | $3M | 0001501892 ↗ |
| First Round Capital III, L.P. | October 2010 | $126M | 0001501893 ↗ |
| First Round Capital VII, L.P. | — | $209M | 0001755714 ↗ |
| First Round Capital VII Partners Fund, L.P. | — | $11M | 0001755715 ↗ |
Dated from filing date; no date of first sale was reported.
Each row links to that vehicle’s Form D filings on EDGAR — the name, date and amount above should match what is filed there.
Named on filings
Josh Kopelman, Robert Hayes, William Trenchard, Brett Berson, Christopher Fralic, Hayley Barna, Phineas Barnes, Todd Jackson
What First Round Capital invests in
- Typical fund
- $126M median, early stage, Series A-B scale
What this is. Every figure on this page comes from Form D filings with the U.S. Securities and Exchange Commission — public records, reproduced here as filed. Service providers, where shown, come from the adviser’s Form ADV and are dated.
What it is not. Single-deal SPVs, feeder vehicles and GP or employee commitment funds are listed but excluded from fund counts and capital totals: an SPV is one investment, a feeder holds the same capital as its master, and a “Principals” or “Entrepreneurs” fund closes alongside a main fund rather than being raised in its own right. Capital deployed from a family office, a corporate balance sheet or an evergreen structure never arrives as a fund close, so a firm doing that looks quiet here. Amounts are as of the last amendment and go stale. Dates are the date of first sale — a fund's first close, not its final one. Funds filed as “Indefinite” are excluded from totals rather than counted as zero, so a total is a floor.
“No recent fund” is a statement about filings. It is not a statement about whether a firm is solvent, investing, or still in business.