First Round is a company incubator that connects experts with business ideas.
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founded date
01.08.2007
IPO status
Private
Description
First Round, a venture capital firm established in Finland in 2007, focuses on investing in startups in the United States, particularly in the Android and Apps fields. The fund prefers to invest in startups that are less than a year old and have fewer than four founders. In 2018, the fund had significant activity and typically participates in rounds with 8-9 other investors. While First Round is a prominent investor, startups in the same round often receive funding from other firms such as WI Harper Group, VTF Capital, and Sinovation Ventures. The fund also collaborates with sponsors like The Longevity Fund, Sea Lane Ventures, and Sam Altman. First Round specializes in resource allocation, including team development, board building, and finding private investors, which is a unique approach in Finland.