First Round Capital's fifth fund: $175M - Technical.ly Philly

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First Round Capital’s fifth fund: $175M

Josh Kopelman.

(Photo by Flickr user @jaygoldman, used under a Creative Commons license)

This disclosure: Technical.ly is a tenant in First Round Capital's University City headquarters.

First Round Capital closed its fifth fund, collecting a total of $175 million to invest in early-stage startups, the Wall Street Journal reported.

The venture capital firm, headquartered in University City and with offices in New York City and San Francisco, is still not interested in later-stage Series A or Series B rounds, founder Josh Kopelman told the Wall Street Journal.

Read the whole story at WSJ.com -30-
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