Product Reports Resources Pricing Login Book a demo
Investor profile

First Round Capital

Venture Capital · Founded 2004 · San Francisco, United States

Seed-stage VC fund to technology companies

512 portfolio companies Venture Capital · $14B invested · 950 investments · Investor rank #189 · Last investment 7/2026
Portfolio companies 512 ↑ 21% 5y
Decacorns 4
Thoroughbreds 39 ↑ 5% 5y
Estimated holdings

First Round Capital’s biggest current holdings.

An estimate of First Round Capital’s largest live positions — disclosed shareholding × Dealroom’s latest valuation — across 8 companies where First Round Capital is a named shareholder, worth about $2.4B in estimated equity value.

#CompanyEst. stakeValuationEst. value
  1. 1 VerkadaSecurity · Unicorn 16% $5.8B $928M
  2. 2 NotionEnterprise Software · Decacorn 5.5% $10.0B $550M
  3. 3 ClayEnterprise Software · Unicorn 13% $3.1B $403M
  4. 4 Rec RoomGaming · Unicorn 6.5% $3.5B $228M
  5. 5 PersonaEnterprise Software · Unicorn 7.5% $2.0B $150M
  6. 6 FalMedia · Unicorn 2% $4.5B $90M
  7. 7 7.5% $944M $71M
  8. 8 2% $1.0B $20M

2 companies hidden on this public profile. Estimated value = First Round Capital’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. First Round Capital also appears inside investor groups in Flexport, Together, where a standalone stake isn’t disclosed. See the underlying cap tables on Dealroom →

Exits

First Round Capital’s biggest exits.

Portfolio companies that IPO’d or were acquired at $1B+, with the valuation recorded at exit and — for those still public — their value today. Exit events come from each company’s funding-round history; entry stage from First Round Capital’s transaction record.

$82B IPO · 2019
Entered SeedNow $150BFood
$2.9B IPO · 2015
Entered Series ANow $46BFintech
$45B IPO · 2021
Entered Series B+Now $34BGaming
$2.8B IPO · 2021
Entered SeedNow $7.0BSpace
$6.0B IPO · 2021
Entered SeedNow $3.1BWellness Beauty
$5.0B IPO · 2021
Entered Series ANow $1.6BMedia
$1.6B IPO · 2019
Entered Series B+Now $4.2BFintech
$1.8B IPO · 2020
Entered SeedNow $3.8BFintech
$3.7B IPO · 2021
Entered Series ANow $2.0BHealth
$3.3B IPO · 2017
Entered SeedNow $100MFood
$2.6B acquisition · 2019
Entered SeedEnterprise Software
$1.9B acquisition · 2018
Entered Series AHealth
Portfolio analysis

Where First Round Capital’s portfolio is concentrated.

Distribution of portfolio companies by headquarters country, sector, entry stage and current growth stage. Across all 512 portfolio companies. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

By countryCount
  1. USA482
  2. Canada14
  3. UK4
  4. India2
  5. Ireland2
  6. Belgium1
  7. Chile1
  8. France1
  9. Germany1
  10. Hong Kong1
  11. Israel1
  12. Norway1
By sectorCount
  1. Enterprise Software136
  2. Fintech78
  3. Health57
  4. Marketing53
  5. Media45
  6. Education26
  7. Telecom25
  8. Security23
  9. Food22
  10. Fashion17
  11. Transportation16
  12. Jobs Recruitment15
By stage enteredCount
  1. Seed306
  2. Series A174
  3. Series B+29
By growth stageCount
  1. Breakout Stage217
  2. Early Growth177
  3. Late Growth117
  4. Mature1
Portfolio market map

Inside First Round Capital’s portfolio.

The 60 highest-funded portfolio companies, of 512 tracked.

Uber
Food · Centicorn
$150B
Flexport
Transportation · Unicorn
$8.0B
Together
Enterprise Software · Unicorn
$8.3B
Clover Health
Health · Unicorn
$2.0B
Fal
Media · Unicorn
$4.5B
K2 Space
Space · Unicorn
$6.8B
Roblox
Gaming · Decacorn
$34B
Warby Parker
Wellness Beauty · Unicorn
$3.1B
Verkada
Security · Unicorn
$5.8B
Planet Labs
Space · Unicorn
$7.0B
Bowery Farming
Food
$944M
Boxed
Food
$78M
Goat
Fashion · Unicorn
$3.7B
Block
Fintech · Decacorn
$46B
PayFit
Fintech · Unicorn
$2.0B
DNAnexus
Health
$600M
MetroMile
Fintech
$137M
Persona
Security · Unicorn
$2.0B
SingleStore
Enterprise Software · Unicorn
$1.3B
AppNexus
Media · Unicorn
$1.8B
DoubleVerify
Media · Unicorn
$1.6B
Merlin Labs
Transportation
$800M
Odeko
Food
$384M
Augury
Engineering and Manufacturing Equipment · Unicorn
$1.0B
BILL
Fintech · Unicorn
$4.2B
Notion
Enterprise Software · Decacorn
$10B
Rover
Home Living · Unicorn
$1.6B
Forward
Health · Unicorn
$1.1B
Flatiron Health
Health · Unicorn
$1.9B
Rec Room
Gaming · Unicorn
$3.5B
Iru
Enterprise Software
$850M
Looker.com
Enterprise Software · Unicorn
$2.6B
FiscalNote
Fintech
$122M
Swift Navigation
Transportation
$500M
Kiavi
Fintech
$717M
ring
Real Estate · Unicorn
$1.0B
Parallel Web Systems
Enterprise Software · Unicorn
$2.0B
Smartling
Enterprise Software
$100M
One Kings Lane
Home Living
$30M
Assort Health
Health · Unicorn
$1.2B
Alma Health
Health
$800M
Aisera
Enterprise Software
$360M
Omni
Enterprise Software · Unicorn
$1.5B
Loyal
Health
$400M
Candid Health
Health
$480M
OnDeck
Fintech
$90M
Thirty Madison
Health
$500M
Nomad Health
Health
$525M
Clay
Marketing · Unicorn
$3.1B
Blue Apron
Food
$100M
Pantheon
Hosting · Unicorn
$1.0B
WorkOS
Security · Unicorn
$2.0B
Labelbox
Enterprise Software
$440M
Legion
Jobs Recruitment
$200M
Farcaster
Media
$600M
Pomelo Care
Health · Unicorn
$1.7B
Gauntlet Network
Fintech
$500M
Inspirato
Travel
$220M
Suki
Health
$500M
Knewton
Education
$20M
Portfolio founders

Where First Round Capital’s portfolio founders come from.

170 founders across the 100 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.

LocationCount
  1. United States139
  2. France5
  3. Australia2
  4. Canada2
  5. Israel2
  6. Italy2
  7. Argentina1
  8. British Indian Ocean Territory1
  9. China1
  10. Peru1
UniversityCount
  1. Stanford University15
  2. Massachusetts Institute of Technology13
  3. Wharton School of the University of Pennsylvania9
  4. Yale University9
  5. Harvard University7
  6. University of California, Berkeley7
  7. Brown University5
  8. Harvard Business School5
  9. Princeton University5
  10. Stanford University Graduate School of Business5
Previous companyCount
  1. Alphabet | Google12
  2. Microsoft11
  3. Apple7
  4. McKinsey & Company7
  5. Bain & Company5
  6. LinkedIn4
  7. Stanford University4
  8. Chegg3
  9. Cheggindia3
  10. Citibank3
Figures on this page are sourced live from the Dealroom next-gen API, joined with Dealroom’s cap-table dataset (estimated holdings) and the Power Law Investor Ranking. News in “Featured in” is drawn from Dealroom’s own coverage — the stories that name this investor, not only those it is the subject of. Market sentiment is omitted until the API exposes it.