First Round Capital launches biggest fundraise yet, eyes up to $220m for Fund VIII

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First Round Capital is back in the fundraising market eyeing up to $220m for its eighth flagship investment fund.

The firm, which unsurprisingly looks to invest at the pre-seed, seed and Series A stages, filed to raise $209m for its predecessor fund, although has not publicly revealed how much it gathered for that vehicle.

First Round pulled in $175m for Fund VI in 2016 and the same amount for Fund V in 2014.

The firm was founded back in 2004 by Josh Kopelman and Howard Morgan. Kopelman remains a partner at the firm, but Morgan retired in 2017.

First Round has scored previous success with early bets on companies such as Uber, while other investments include Birchbox and 9GAG.

It tends to target deals in the consumer, fintech, healthcare, hardware and enterprise sectors.

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