First Round Capital

First Round Capital is a venture capital firm based in San Francisco, California, founded in 2004. Specializing in seed-stage investments, it focuses on early-stage technology companies across various sectors, including enterprise, fintech, healthcare, consumer, hardware, artificial intelligence, and web3. First Round Capital aims to support entrepreneurs by providing not only capital but also a range of tailored services and resources designed to foster growth. The firm typically invests around $500,000 as initial funding, often serving as a company’s first outside capital. It actively engages with portfolio companies to enhance their development. With a commitment to community, First Round Capital has established a network that has collectively raised over $2.5 billion in follow-on capital, demonstrating a strong track record of facilitating growth among its investments.

Meka Asonye

Partner

Brett Berson

Partner

Brown, Chris

Associate

Jeff Donnon

CFO

Annie Duke

Special Partner, Decision Science

Molly Fowler

CEO

Amy Fu

VP, Investments

Todd Jackson

Partner

Whitnie Narcisse

Operating Partner

Bill Trenchard

Partner

Past deals in Peer to Peer

Promise

Series B in 2022
Promise Network Inc. is an organization based in Oakland, California, founded in 2017, that aims to reduce recidivism and enhance community safety by providing alternatives to incarceration. Through its application platform, Promise offers a comprehensive suite of services for arrestees who cannot afford bail, including personalized care plans that incorporate court-mandated conditions and access to essential services such as drug treatment, housing assistance, and job training. The platform facilitates intake and assessment, ongoing support, and supervision, allowing for effective communication and coordination among care teams. By working with county governments, Promise helps manage the jail population and fosters better long-term outcomes for both individuals and communities by promoting rehabilitation over incarceration.

Wisdom

Seed Round in 2021
Wisdom provides a platform for one-to-one style conversations with a focus on mentoring.

Promise

Series A in 2021
Promise Network Inc. is an organization based in Oakland, California, founded in 2017, that aims to reduce recidivism and enhance community safety by providing alternatives to incarceration. Through its application platform, Promise offers a comprehensive suite of services for arrestees who cannot afford bail, including personalized care plans that incorporate court-mandated conditions and access to essential services such as drug treatment, housing assistance, and job training. The platform facilitates intake and assessment, ongoing support, and supervision, allowing for effective communication and coordination among care teams. By working with county governments, Promise helps manage the jail population and fosters better long-term outcomes for both individuals and communities by promoting rehabilitation over incarceration.

Telepath

Seed Round in 2020
Telepath provides a social network application that enables users to discuss their interests. Its platform is secure and easier, enabling users to connect with each other very easily.

Persona

Series A in 2020
Persona is a company that specializes in identity verification systems designed to enhance online security and trust. The platform provides businesses with a comprehensive suite of automated identity verification components that are configurable and customizable for various use cases, including age verification, fraud prevention, and account recovery. By facilitating the collection, verification, and management of sensitive personal information, Persona allows organizations to streamline customer identity verification processes, ensuring a secure online experience. This approach not only protects against identity theft and fraud but also helps businesses foster safer interactions with their customers.

Laurel

Series A in 2019
Laurel is an AI company that specializes in automating time and billing processes for professional services, particularly within enterprise law firms. Its advanced timekeeping software platform utilizes artificial intelligence to streamline the creation of timesheets by capturing and analyzing data related to time spent on specific matters. This innovative approach enables professionals, such as lawyers and accountants, to gain insights into their time management, improving accuracy and structure in their time reporting. By shifting away from manual timekeeping methods, Laurel's technology not only alleviates administrative burdens but also enhances revenue potential for firms and supports a more efficient future of work.

Persona

Venture Round in 2018
Persona is a company that specializes in identity verification systems designed to enhance online security and trust. The platform provides businesses with a comprehensive suite of automated identity verification components that are configurable and customizable for various use cases, including age verification, fraud prevention, and account recovery. By facilitating the collection, verification, and management of sensitive personal information, Persona allows organizations to streamline customer identity verification processes, ensuring a secure online experience. This approach not only protects against identity theft and fraud but also helps businesses foster safer interactions with their customers.

Rare Bits

Series A in 2018
Rare Bits is a peer-to-peer marketplace for crypto goods. Discover, buy, and sell over 500,000 unique items all available and probably unique on the blockchain.

Promise

Seed Round in 2018
Promise Network Inc. is an organization based in Oakland, California, founded in 2017, that aims to reduce recidivism and enhance community safety by providing alternatives to incarceration. Through its application platform, Promise offers a comprehensive suite of services for arrestees who cannot afford bail, including personalized care plans that incorporate court-mandated conditions and access to essential services such as drug treatment, housing assistance, and job training. The platform facilitates intake and assessment, ongoing support, and supervision, allowing for effective communication and coordination among care teams. By working with county governments, Promise helps manage the jail population and fosters better long-term outcomes for both individuals and communities by promoting rehabilitation over incarceration.

Papaya

Seed Round in 2018
Papaya is a mobile application designed to simplify the bill payment process for users by allowing them to pay any bill quickly and efficiently through their smartphones. By enabling users to take a picture of their bills and complete transactions in seconds, Papaya alleviates the stress associated with traditional payment methods such as mailing checks or navigating complex online portals. The platform serves various billers across multiple industries, facilitating faster and more reliable payments. Papaya has garnered positive feedback, achieving high ratings on app stores, and has attracted investment from notable firms. In addition to bill payments, Papaya also offers electronic money services, including online banking and international payment solutions, further enhancing its utility in the fintech space.

PacketZoom

Series A in 2017
PacketZoom, Inc. is a technology company based in San Mateo, California, that specializes in cloud services aimed at enhancing mobile application performance. Founded in 2013, the company has developed an end-to-end solution for analyzing, detecting, and resolving networking issues in real time, without requiring changes to the app code. PacketZoom's offerings include a mobile content delivery network that optimizes cloud file transfers, supports large dynamic content, and accelerates the performance of mobile games, shopping, travel, and news applications. Its solutions, such as mobile express lane and mobile IQ, are designed to improve mobile reliability and speed, ultimately providing valuable insights into app performance for developers and users alike. As of October 2018, PacketZoom operates as a subsidiary of Roblox Corporation.

Laurel

Seed Round in 2017
Laurel is an AI company that specializes in automating time and billing processes for professional services, particularly within enterprise law firms. Its advanced timekeeping software platform utilizes artificial intelligence to streamline the creation of timesheets by capturing and analyzing data related to time spent on specific matters. This innovative approach enables professionals, such as lawyers and accountants, to gain insights into their time management, improving accuracy and structure in their time reporting. By shifting away from manual timekeeping methods, Laurel's technology not only alleviates administrative burdens but also enhances revenue potential for firms and supports a more efficient future of work.

Plexchat

Seed Round in 2017
Plexchat is venture-backed company dedicated to being the heart of mobile conversation about interests. Chaos is a pretty common theme in almost all online social networks. Despite their proliferation, very few were designed to facilitate coordination and communication. Plexchat intends on changing this by bringing to market the premier tool for social coordination in mobile games in an anonymous environment.

Upstart

Series C in 2017
Upstart is a lending platform that leverages artificial intelligence and machine learning to price credit and automates the borrowing process. The company's proprietary underwriting model identifies borrowers despite limited credit and employment history by using variables including schools attended, area of study, and work experience. Upstart powered banks can offer higher approval rates and experience lower loss rates*, while simultaneously delivering the exceptional digital-first lending experience their customers demand. Upstart was founded in 2012 and headquartered in San Mateo, California and Columbus, Ohio.

PacketZoom

Venture Round in 2016
PacketZoom, Inc. is a technology company based in San Mateo, California, that specializes in cloud services aimed at enhancing mobile application performance. Founded in 2013, the company has developed an end-to-end solution for analyzing, detecting, and resolving networking issues in real time, without requiring changes to the app code. PacketZoom's offerings include a mobile content delivery network that optimizes cloud file transfers, supports large dynamic content, and accelerates the performance of mobile games, shopping, travel, and news applications. Its solutions, such as mobile express lane and mobile IQ, are designed to improve mobile reliability and speed, ultimately providing valuable insights into app performance for developers and users alike. As of October 2018, PacketZoom operates as a subsidiary of Roblox Corporation.

PatientPing

Series A in 2015
PatientPing, Inc. is a health technology company that has established a national care coordination network designed to connect healthcare providers with real-time notifications whenever patients receive care. The network encompasses a diverse group of healthcare personnel, including physicians, nurses, case managers, and care coordinators across various settings such as hospitals, emergency departments, and skilled nursing facilities. PatientPing offers technology solutions tailored to Accountable Care Organizations (ACOs) and other healthcare providers, facilitating improved collaboration and information sharing. One of its key tools, Spotlights, leverages real-time data to identify utilization and performance trends in patient care. Founded in 2013 and headquartered in Boston, Massachusetts, PatientPing operates as a subsidiary of SVB Leerink Holdings LLC and maintains a strategic partnership with MedAllies, Inc. By fostering connections among care teams, PatientPing aims to enhance the quality and efficiency of healthcare delivery, ultimately leading to better patient outcomes.

Abra

Series A in 2015
Established in 2014, Abra is on a mission to create a simple and honest platform that enables millions of cryptocurrency holders to maximize the potential of their assets. Abra enables both individuals and businesses to safely and securely buy, trade, and borrow against cryptocurrencies – all in one place. Abra’s vision is an open, global financial system that is easily accessible to everyone. Based in the United States, Abra operates in over 150 countries and makes it easy to convert between crypto and a wide variety of local fiat currencies. With over 2MM customers and $9B in transactions processed, Abra continues to grow rapidly. Abra is widely loved and trusted – in April 2022, pymnts.com reviewed and rated Abra amongst the top 5 most popular crypto wallets in the market. Abra is backed by top-tier investors such as American Express Ventures and First Round Capital.

Upstart

Series C in 2015
Upstart is a lending platform that leverages artificial intelligence and machine learning to price credit and automates the borrowing process. The company's proprietary underwriting model identifies borrowers despite limited credit and employment history by using variables including schools attended, area of study, and work experience. Upstart powered banks can offer higher approval rates and experience lower loss rates*, while simultaneously delivering the exceptional digital-first lending experience their customers demand. Upstart was founded in 2012 and headquartered in San Mateo, California and Columbus, Ohio.

Abra

Series A in 2015
Established in 2014, Abra is on a mission to create a simple and honest platform that enables millions of cryptocurrency holders to maximize the potential of their assets. Abra enables both individuals and businesses to safely and securely buy, trade, and borrow against cryptocurrencies – all in one place. Abra’s vision is an open, global financial system that is easily accessible to everyone. Based in the United States, Abra operates in over 150 countries and makes it easy to convert between crypto and a wide variety of local fiat currencies. With over 2MM customers and $9B in transactions processed, Abra continues to grow rapidly. Abra is widely loved and trusted – in April 2022, pymnts.com reviewed and rated Abra amongst the top 5 most popular crypto wallets in the market. Abra is backed by top-tier investors such as American Express Ventures and First Round Capital.

Threadflip

Series B in 2014
Threadflip operates an online marketplace designed to transform the shopping experience for women's fashion through a peer-to-peer model. The platform enables users to photograph and list their clothing items for sale, facilitating a collaborative and engaging environment for buying and selling pre-owned apparel. This approach not only promotes efficient transactions but also fosters a sense of community among users. While Threadflip ceased operations in January 2015, it has since formed a partnership with Le Tote to continue its vision of enhancing the way women shop for clothes and style their wardrobes.

Path

Series C in 2014
Path is a mobile photo-sharing and messaging service designed to foster personal social networks with a limit of up to 150 contacts. The platform allows users to capture and share significant life moments with close friends and family, emphasizing simplicity, quality, and privacy. Path enables group messaging and facilitates the importation of photos and graphics to various social networks. The company aims to enhance personal connections through its user-friendly interface and features, reflecting the belief that mobile technology can transform social interactions.

Preo

Seed Round in 2013
Preo is a free mobile application designed to enhance the efficiency of the hospitality industry by streamlining the ordering process for food and beverages. The app allows consumers to place drink orders and pay online, significantly reducing waiting times and eliminating the need to vie for server attention. Its unique automatic notification system integrates seamlessly into the workflow of servers, enabling them to view receipts and fulfill orders more quickly. Additionally, Preo empowers venues to improve service operations, track customer preferences, and implement targeted promotions to engage their best customers on social media. Beverage brands can also leverage the platform by offering complimentary drinks in exchange for social media interactions, further driving customer engagement and loyalty.

Upstart

Series A in 2013
Upstart is a lending platform that leverages artificial intelligence and machine learning to price credit and automates the borrowing process. The company's proprietary underwriting model identifies borrowers despite limited credit and employment history by using variables including schools attended, area of study, and work experience. Upstart powered banks can offer higher approval rates and experience lower loss rates*, while simultaneously delivering the exceptional digital-first lending experience their customers demand. Upstart was founded in 2012 and headquartered in San Mateo, California and Columbus, Ohio.

Perceptual Networks

Seed Round in 2012
Perceptual Networks was formed to make it easy for everyone to find the best people for them to meet next in their lives. Whether you are looking for an employee, a golf buddy, a spouse or a roommate, they're making apps for that.

Upstart

Seed Round in 2012
Upstart is a lending platform that leverages artificial intelligence and machine learning to price credit and automates the borrowing process. The company's proprietary underwriting model identifies borrowers despite limited credit and employment history by using variables including schools attended, area of study, and work experience. Upstart powered banks can offer higher approval rates and experience lower loss rates*, while simultaneously delivering the exceptional digital-first lending experience their customers demand. Upstart was founded in 2012 and headquartered in San Mateo, California and Columbus, Ohio.

Threadflip

Series A in 2012
Threadflip operates an online marketplace designed to transform the shopping experience for women's fashion through a peer-to-peer model. The platform enables users to photograph and list their clothing items for sale, facilitating a collaborative and engaging environment for buying and selling pre-owned apparel. This approach not only promotes efficient transactions but also fosters a sense of community among users. While Threadflip ceased operations in January 2015, it has since formed a partnership with Le Tote to continue its vision of enhancing the way women shop for clothes and style their wardrobes.

Threadflip

Seed Round in 2012
Threadflip operates an online marketplace designed to transform the shopping experience for women's fashion through a peer-to-peer model. The platform enables users to photograph and list their clothing items for sale, facilitating a collaborative and engaging environment for buying and selling pre-owned apparel. This approach not only promotes efficient transactions but also fosters a sense of community among users. While Threadflip ceased operations in January 2015, it has since formed a partnership with Le Tote to continue its vision of enhancing the way women shop for clothes and style their wardrobes.

SchoolFeed

Seed Round in 2012
schoolFeed, a San Mateo, CA-based classmate network online. Launched in July 2011 by Lance Tokuda, schoolFeed connects online users between the ages of 35-55, who didn’t have social networks while in school, and may have difficulty locating classmates today. The classmate network offers an online yearbook and class directory with news feed, interest subscriptions and virtual currency. It is already used by over 7 million users

turntable.fm

Series A in 2011
Turntable.fm is a project of [Seth Goldstein](http://www.crunchbase.com/person/seth-goldstein) and [Billy Chasen](http://www.crunchbase.com/person/billy-chasen), the two guys who brought us [Stickybits](http://www.crunchbase.com/organization/stickybits). Users in each dance room has an avatar and can chat with each other. Users can create their own playlist and get up in the DJ booth to battle it out. Turntable.fm a social music platform that encourages hanging out with people and discovering music. If a DJ is playing a song you like, you can add it to your playlist, buy it on iTunes, find it on Last.fm, or launch Spotify. In November 2013, Turntable announced they would be shutting down turntable.fm to focus on their live events platform.

Path

Series A in 2011
Path is a mobile photo-sharing and messaging service designed to foster personal social networks with a limit of up to 150 contacts. The platform allows users to capture and share significant life moments with close friends and family, emphasizing simplicity, quality, and privacy. Path enables group messaging and facilitates the importation of photos and graphics to various social networks. The company aims to enhance personal connections through its user-friendly interface and features, reflecting the belief that mobile technology can transform social interactions.

Transpera

Series C in 2010
Transpera is a mobile technology company that provides a comprehensive platform for monetizing videos on mobile phones. Transpera services online content owners, network operators and advertisers by providing their patent-pending advertising platform and bridging technology -- an all-in-one style solution for connecting the necessary pieces involved in successful and profitable mobile video deployments. Transpera powers mobile video services for internet video brands including MTV Networks, Discovery Networks, Fox Reality Channel, the Travel Channel, CBS News, Associated Press, AccuWeather.com, Revision3, Next New Networks, Break.com, maniaTV, eBaumsworld and Zoovision among others.

PeerPong

Venture Round in 2010
PeerPong is an online platform that connects users with subject matter experts to provide answers to their inquiries. As the largest index of expertise, it offers a free service designed to simplify the process of finding the right person to address specific questions. The platform utilizes a feature called PeerRank, which continuously evolves to better index individuals based on their publicly demonstrated interests. By facilitating interactions between users and knowledgeable professionals, PeerPong enhances the accessibility of expert insights across various fields.

Transpera

Series B in 2008
Transpera is a mobile technology company that provides a comprehensive platform for monetizing videos on mobile phones. Transpera services online content owners, network operators and advertisers by providing their patent-pending advertising platform and bridging technology -- an all-in-one style solution for connecting the necessary pieces involved in successful and profitable mobile video deployments. Transpera powers mobile video services for internet video brands including MTV Networks, Discovery Networks, Fox Reality Channel, the Travel Channel, CBS News, Associated Press, AccuWeather.com, Revision3, Next New Networks, Break.com, maniaTV, eBaumsworld and Zoovision among others.

Pikum

Series A in 2008
Pikum is an online social gaming company that offers a unique betting game designed for friends to play together. Users can engage in this game for enjoyment or, where permissible, for monetary stakes. The platform capitalizes on the social aspects of predicting outcomes, fostering debate, and celebrating successful predictions among participants. Backed by notable investors, Pikum aims to create a simple and entertaining experience that taps into people's enthusiasm for friendly competition.

Flowgram

Seed Round in 2008
[Flowgram](http://www.flowgram.com) is a way to share Web pages, photos, and videos in a browser-based player that acts like an interactive screencast. The company is headed by [Abhay Parekh](http://www.crunchbase.com/person/abhay-parekh), the co-founder of FastForward Networks (which was sold to Inktomi for $1.3 billion in 2000) and an ex-[Accel](http://www.crunchbase.com/financial-organization/accel-partners) Venture Partner.

Transpera

Series A in 2007
Transpera is a mobile technology company that provides a comprehensive platform for monetizing videos on mobile phones. Transpera services online content owners, network operators and advertisers by providing their patent-pending advertising platform and bridging technology -- an all-in-one style solution for connecting the necessary pieces involved in successful and profitable mobile video deployments. Transpera powers mobile video services for internet video brands including MTV Networks, Discovery Networks, Fox Reality Channel, the Travel Channel, CBS News, Associated Press, AccuWeather.com, Revision3, Next New Networks, Break.com, maniaTV, eBaumsworld and Zoovision among others.

Pikum

Seed Round in 2007
Pikum is an online social gaming company that offers a unique betting game designed for friends to play together. Users can engage in this game for enjoyment or, where permissible, for monetary stakes. The platform capitalizes on the social aspects of predicting outcomes, fostering debate, and celebrating successful predictions among participants. Backed by notable investors, Pikum aims to create a simple and entertaining experience that taps into people's enthusiasm for friendly competition.
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