First Round Capital

First Round Capital is a seed-stage venture capital firm founded in 2004 by Josh Kopelman and Howard Morgan, headquartered in San Francisco, California, with additional offices in New York and Philadelphia, focused exclusively on providing first institutional capital to technology companies at the earliest stages of company formation. The firm has invested in over 555 companies since its founding across AI, enterprise software, fintech, healthcare, consumer, and hardware sectors, with a portfolio that includes Uber (first institutional investor), Square, Roblox, Notion, Looker, Verkada, and Clay, among others. First Round's approximately $1.6 million early investment in Uber's first two funding rounds was valued at approximately $2.5 billion at the company's 2019 IPO. The firm has generated 19 unicorn outcomes and over 207 acquisitions from its portfolio, was described by The Wall Street Journal as one of the most active U.S. venture firms, and pioneered a community-based model for seed investing through custom software and programming for founders.