First Round Capital key facts
- First Round Capital is a other based in San Francisco, California with 119 tracked portfolio companies.
- Notable positions include Superhuman, Notion, Together AI.
- PrivateMarketView records 10 deal participations by First Round Capital.
- First Round Capital’s most recent recorded investment was in Feb 2023.
- First Round Capital has 19 funds on record, raising $2.5B across the 19 that report a size.
- The team roster lists 8 people.
About First Round Capital
First Round Capital is a direct investment firm based in San Francisco, California. Established in 2004, First Round primarily focuses on seed-stage funding and provides services and products to help entrepreneurs and founders build companies from the very beginning. The assets of the firm are managed and governed by the executive management team.
Investment activity
First Round Capital has no recorded round in the last two years; its 10 recorded rounds date from 2013 to Feb 2023. Across all 10 recorded rounds, 5 were seed, 3 were early-stage and 2 were later-stage. First Round Capital is recorded as lead on 2 of them. First Round Capital most often invests alongside Felicis (5 shared rounds), Susa Ventures (5 shared rounds) and Founders Fund (4 shared rounds). Most recently: Together AI (seed round, Feb 2023) and Notion (Series A, Jul 2019).
First Round Capital portfolio at a glance
119 portfolio companies are on record for First Round Capital, including Superhuman, Notion and Together AI.
85 of the 119 carry a recorded valuation and 3 have recorded secondary-market trades, the names a secondary buyer or seller can price.
First Round Capital funds
19 funds are on record for First Round Capital, totalling $2.5 billion across the 19 that report a size. The most recent is First Round Capital X Partners Fund, L.P. (2025 vintage), $16 million.
First Round Capital team
8 people are on record at First Round Capital. Senior names include Bill Trenchard (Partner), Brett Berson (Partner) and Elizabeth Wessel (Partner). 8 of them have a verified direct contact on file.
- ·The top 10 names in the book — of 119 recorded positions
- ·The 10 latest deals — of 10 rounds
- ·Watchlist + alerts for First Round Capital's activity
Portfolio
119 companies · priced for members| Company | Industry | Valuation | First invested | Role |
|---|---|---|---|---|
| Superhuman | Internet Software | ▮ | ▮ | ▮ |
| Notion | Business/Productivity Software | ▮ | ▮ | ▮ |
| Together AI | Systems and Information Management | ▮ | ▮ | ▮ |
+ 116 more companies · all 119, priced and dated or a free account shows the top 10 names — no card Membership and data by Private Market View | ||||
First Round Capital recent deals
10 recordedMembership and data by Private Market View
Funds
6 of 19 recorded- First Round Capital X Partners Fund, L.P.2025$16.0M
- First Round Capital X, L.P.2025$500.0M
- First Round Capital IX Partners Fund, L.P.2022$16.0M
- First Round Capital IX, L.P.2022$500.0M
- First Round Capital VIII-F Partners Fund, L.P.2021$15.0M
- First Round Capital VIII-F, L.P.2021$250.0M
$2.5B raised across the 19 funds that report a size
All 19 funds →Partners, principals, and the people who answer a pitch. Pro members reveal contacts with credits.
Frequently asked about First Round Capital
- What companies does First Round Capital invest in?
- First Round Capital has 119 recorded portfolio companies, including Superhuman, Notion, Together AI.
- What is First Round Capital's AUM?
- First Round Capital manages approximately $3K in assets.
- Is First Round Capital actively investing?
- First Round Capital's most recent recorded investment was in Feb 2023.