First Round Closes Another $135M Internet Startup Fund

Law360, New York (May 9, 2012, 5:34 PM EDT) -- First Round Capital has closed on another $135 million seed fund, the fourth of its kind for the technology-focused venture capital firm, which relies on a model of making small investments in Internet-enabled startups, the firm announced Wednesday.

First Round Capital IV LP is the same size and has the exact same investor base as First Round Capital III LP — which didn't look very different from its forerunners, FRC Managing Director Josh Kopelman said in a May 9 blog post.

“First Round Capital’s investment focus...
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