Deals

First Round Capital raises a fifth, $175M fund — up from $135M in 2012

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Image Credit: Ed Ivanushkin/Flickr
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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.

More information:

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.... read more »

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