First Round Capital increases its fund by $158 million [VC Roundup] - Technical.ly Philly

Business

Nov. 6, 2012 8:30 am

First Round Capital increases its fund by $158 million [VC Roundup]

Welcome to the VC Roundup, where we’ll parse through venture capital news related to Philadelphia-based private equity firms and the companies they fund. Subscribe to the roundup as an email newsletter. If you have any VC-related news to pass along to us, please drop us a line. MUST READS Updated 11/6/12 10:01 a.m. to correct headline, which […]

Welcome to the VC Roundup, where we’ll parse through venture capital news related to Philadelphia-based private equity firms and the companies they fund. Subscribe to the roundup as an email newsletter. If you have any VC-related news to pass along to us, please drop us a line.

MUST READS

Updated 11/6/12 10:01 a.m. to correct headline, which had a factually incorrect typographical error that read “First Round Capital raises a $1.57 million fund.”

Lots of news coming out of First Round Capital this week: First off, the firm is increasing its existing fund by $158 million, according to an SEC filing, and has already raised nearly $150 million of it. It also added a new partner in its San Francisco office: entrepreneur and investor Bill Trenchard. Read more about him on managing partner Josh Kopelman‘s blog. First Round also redesigned its website. Take a little tour on Kopelman’s blog and check out here.

The firm also participated in a $2.5 million round for New York City-based Rebel Mouse, a social aggregation startup, PandoDaily reports, as well as a high-profile $25 million round for Flurry, the San Francisco-based app analytics and advertising firm, GigaOM reports.

Don’t miss the news about the city’s social incubation initiative with GoodCompany Group. The project has made the top 20 finalists of Bloomberg Philanthropies‘ $5 million Mayors Challenge. Winners will be announced spring 2013.

Advertisement

GIVE A GLANCE

Catch a clip of First Round’s Josh Kopelman on Bloomberg TV, as posted by Philly Tech News. He talks about recent First Round investments, his new Dorm Room Fund and the state of startup fundraising today.

MIGHT BE WORTH YOUR TIME

The Philadelphia Inquirer previews ImPACT, the annual finance and tech conference happening this week. Speakers include Edison VenturesMichael Kopelman and Genacast Ventures‘s Gil Beyda.

Some local VCs will be at New York City’s Vator Splash startup showcase in December, according to a release, including Chris Fralic of First Round Capital and Michael Aronson of MentorTech Ventures and Gil Beyda of Genacast Ventures.

 

-30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here
Connect with companies from the Technical.ly community
New call-to-action

Advertisement

Safeguard Scientifics sees lower valuations, bigger 3Q loss [VC Roundup]

DreamIt Ventures raises $50M fund [VC Roundup]

Benjamin Franklin Technology Partners invests $260k in the Lehigh Valley [VC Roundup]

SPONSORED

Philly

Meet these 10 hiring companies at Super Meetup

Philadelphia

Vistar Media

Front End Engineer

Apply Now
Philadelphia

Vistar Media

Sr. Software Engineer

Apply Now
Philadelphia, PA - Center City

Odessa

Sr. Project Manager

Apply Now

Intact Vascular in Wayne raises $15.5M from Quaker Ventures, others [VC Roundup]

DreamIt Ventures named one of the country’s top accelerators [VC Roundup]

First Round Capital closes $135 million fund, Audience Partners and Agilence raise private equity rounds [VC Roundup]

SPONSORED

Philly

Verizon is looking for the brightest ideas on how to use its 5G technology

Philadelphia, Pa

Inspire

Event Sales Ambassador

Apply Now
Philadelphia

Linode

DevOps Engineer

Apply Now

Sign-up for daily news updates from Technical.ly Philadelphia

Do NOT follow this link or you will be banned from the site!