First Round operates as an early-stage VC fund, dedicated to supporting tech companies. As the name suggests, their core strategy revolves around early investment, usually the first VC rounds, helping bold entrepreneurs make their ideas into reality. Their investment focus spans enterprise, consumer, hardware, fintech, and healthcare sectors. Although the firm is based in the USA, First Round's investment outreach extends globally, targeting transformative ventures across many countries. Typically, their initial investment ranges from $1 million to $5 million, with equal amounts of capital reserved for follow-on rounds. Notably within their fintech portfolio, it’s worth mentioning Ascend—an innovative insurance payments platform, and SmartBiz—a facilitator of small business administration loans.