Deals

First Round is gathering $135M for a new fund

first-round

First Round Capital, an early stage firm with a ton of Silicon Valley clout, has just revealed to the SEC it’s raising a new $135 million fund.

In its most recent SEC filing, submitted with Monday’s date, First Round noted this would be the firm’s fourth fund.

Previously, First Round Capital gathered $126 million for its third fund in late 2010.

Companies currently in the First Round portfolio are Fab.com, a revenue/growth monster, cab-service-alternative Uber, successful vintage-ish retail outlet ModCloth, L.A.-based Dog Vacay, and a host of other up-and-comers, particularly in the world of online marketplaces (think One Kings Lane and Birchbox, also First Round companies).

To get an even better idea of what a “First Round company” looks like, check out the firm’s annual spoof-tastic holiday video, which shows off the creme-de-la-creme of First Round’s investments.

First Round Capital was founded in 2004. Its managing partners include Josh Kopelman, Chris Fralic, Rob Hayes, and Howard Morgan (all pictured). The company is based in Philadelphia with a strong presence in the San Francisco Bay Area. With a total portfolio consisting of more than 70 companies, First Round is ranked the third-largest U.S. investment firm by number of deals.