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First Round Capital

Venture capital firm in Philadelphia, PA. Its funds have reported $937.6M raised on SEC Form D since 2010.

ActiveVenture capital fund
Updated Nov 9, 2026·Latest SEC filing Aug 7, 2026·Suggest an edit

About First Round Capital

First Round Capital is a venture capital firm based in Philadelphia, PA. Since October 2010 it has filed Form D notices for 17 funds and four related vehicles. The largest, First Round Capital VIII, L.P., reported $296.3M raised from 171 investors.

Funds

First Round Capital has 17 funds on file with the SEC, plus four feeder, opportunity or co-investment vehicles. The funds have reported $937.6M raised.

Funds
17
plus 4 related vehicles
Raised
$937.6M
across these funds
Largest fund
$296.3M
First Round Capital VIII, L.P.
Latest fund
IX Partners Fund, L.P.
filed May 11, 2022

Funds (SEC Form D)

FundFirst filedAmount raisedTargetInvestors
First Round Capital IX Partners Fund, L.P.Venture capital fund · 3(c)(1) · Form D ↗May 11, 2022None yet$16,000,000—
First Round Capital IX, L.P.Venture capital fund · 3(c)(7) · Form D ↗May 11, 2022None yet$500,000,000—
First Round Capital VIII-F, L.P.Venture capital fund · 3(c)(7) · Form D ↗Sep 22, 2021None yet$250,000,000—
First Round Capital VIII-F Partners Fund, L.P.Venture capital fund · 3(c)(1) · Form D ↗Sep 21, 2021None yet$15,000,000—
First Round Capital VIII, L.P.Venture capital fund · 3(c)(7) · Form D/A ↗Oct 13, 2020$296,353,000Oct 2020: $0
Sep 2021: $296.3M
$300,000,000171
First Round Capital VIII Partners Fund, L.P.Venture capital fund · 3(c)(1) · Form D ↗Oct 13, 2020None yet$10,500,000—
First Round Capital VII, L.P.Venture capital fund · 3(c)(7) · Form D ↗Oct 18, 2018None yet$209,392,283—
First Round Capital VII Partners Fund, L.P.Venture capital fund · 3(c)(7) · Form D ↗Oct 18, 2018None yet$10,607,717—
First Round Capital VI, L.P.Venture capital fund · 3(c)(7) · Form D/A ↗Sep 8, 2016$174,950,000$174,950,00072
First Round Capital VI Partners Fund, L.P.Venture capital fund · 3(c)(7) · Form D/A ↗Sep 8, 2016$5,550,000$5,550,0005
First Round Capital V, L.P.Venture capital fund · 3(c)(7) · Form D ↗Jun 30, 2014$174,950,000$174,950,00074
First Round Capital V Partners Fund, L.P.Venture capital fund · 3(c)(1) · Form D ↗Jun 30, 2014$3,758,248$3,758,2484
First Round Capital IV Partners Fund, L.P.Venture capital fund · 3(c)(1) · Form D ↗Apr 27, 2012$2,750,000$2,750,0003
First Round Capital IV, L.P.Venture capital fund · 3(c)(7) · Form D/A ↗Apr 16, 2012$149,450,000Apr 2012: $0
Nov 2012: $149.4M
$157,450,00070
First Round Capital III-A, L.P.Venture capital fund · 3(c)(1) · Form D ↗Dec 1, 2010$742,500$742,50012
First Round Capital III Partners Fund, L.P.Venture capital fund · 3(c)(7) · Form D ↗Oct 14, 2010$2,700,000$2,700,0002
First Round Capital III, L.P.Venture capital fund · 3(c)(7) · Form D ↗Oct 14, 2010$126,415,000$126,415,00032

Amounts and investor counts come from each fund's latest Form D or amendment; the dated lines under an amount show what earlier filings reported. "Not set" means the fund did not give a target. Form D does not report returns.

Feeder, opportunity and co-investment vehicles (4)
VehicleKindFirst filedAmount raisedInvestorsFiling
First Round Capital X-F Partners Fund, L.P.Co-investment vehicleAug 7, 2026——Form D ↗
First Round Capital X-F, L.P.Co-investment vehicleAug 7, 2026——Form D ↗
First Round Capital X Partners Fund, L.P.Co-investment vehicleOct 9, 2025——Form D ↗
First Round Capital X, L.P.Co-investment vehicleSep 17, 2025——Form D ↗

These vehicles usually hold a single investment or a small group of them. Their filings do not name the companies they hold.

Portfolio Companies

Companies where a First Round Capital partner sits on the board, according to the company's own Form D. A board seat usually comes with an investment, but Form D does not list investors.

CompanyLocationFirst Round Capital directorOn the boardLatest raise
Ploy, Inc.San Francisco, CATodd Jackson2026$26.5M ↗May 2026
Quartermaster AI, IncArlington, VAWilliam Trenchard2026$122.6M ↗Sep 2026
Clarity Financial, Inc.Wilmington, DEJosh Kopelman2024–2025$1.4M ↗Feb 2025
Verkada Inc.San Mateo, CAWilliam Trenchard2017–2025$41.2M ↗Nov 2025
Boulder Care, Inc.Portland, ORJosh Kopelman2019–2024$35.0M ↗May 2024
EvolutionIQ Inc.New York, NYWilliam Trenchard2020–2024$20.1M ↗Jul 2024
Bowery Farming Inc.New York, NYRobert Hayes2017–2023$85.4M ↗Oct 2023
Odeko Inc.New York, NYRobert Hayes2019–2023$48.1M ↗Aug 2024
GLO Pharma, Inc.Carlsbad, CATodd Jackson2020–2022$53.0M ↗Aug 2021
RenoFi Inc.Lower Gwynedd, PAJosh Kopelman2022$12.2M ↗Dec 2024
Creditly Corp.Plymouth Meeting, PAJosh Kopelman2019–2021$33.7M ↗Jan 2025
Steno Agency, Inc.Los Angeles, CATodd Jackson2020–2021$48.9M ↗Mar 2026
Madison Reed, Inc.San Francisco, CAHayley Barna2016–2020$5.0M ↗Mar 2026
Mythic Therapeutics, Inc.Waltham, MAJosh Kopelman2020$29.8M ↗Dec 2024
Edify Labs, Inc.Santa Monica, CAWilliam Trenchard2019$16.8M ↗Aug 2022

People

Partners and officers named on First Round Capital's fund filings.

JK
Josh Kopelman
Executive officer
On the filings for 19 funds.
CF
Christopher Fralic
Executive officer
On the filings for 17 funds.
RH
Robert Hayes
Executive officer
On the filings for 17 funds.
WT
William Trenchard
Executive officer
On the filings for 17 funds.
BB
Brett Berson
Executive officer
On the filings for 14 funds.
HB
Hayley Barna
Executive officer
On the filings for 10 funds.
TJ
Todd Jackson
Executive officer
On the filings for 10 funds.
AC
Asonye Chukwuemeka
Executive officer
On the filings for 5 funds.
EW
Elizabeth Wessel
Executive officer
On the filings for 4 funds.
CA
Chukwuemeka Asonye
Executive officer
On the filings for 2 funds.
CC
Cristina Cordova
Executive officer
On the filings for 2 funds.
JK
Joshua Kopelman
Executive officer
On the filings for 2 funds.

Sources

  1. SECEvery Form D filing behind this page is linked in the tables above.