First Round Capital today announced its fifth fund — a $175M round from existing limited partners.

With little surprise, the firm intends to do what it always does with new capital: make seed stage investments in the Valley (and New York).

First Round’s fifth fund is its largest to date, up from $135 million in 2012$126.4 million in 2010, and 125 million in 2008.

Alongside the funding announcement, First Round’s Josh Kopelman shares that SinglePlatform founder Wiley Cerilli will join the firm as a venture partner in New York. SinglePlatform was bought by Constant Contact for $100 million in 2012.

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First Round Capital is a venture capital firm that primarily makes early round investments. They look to play an active role in the operations of most the companies they invest in.... All First Round Capital news »

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