Startups Rejoice: First Round Capital Gets Another $126 Million To Spread Around

admin — Fri, 15 Oct 2010 13:55:00 -0400

Josh Kopelman's First Round Capital, a VC firm focused on early-stage startups, has seen a number of impressive exits in its first two years of existence, including the sale of Brooklyn-based portfolio company Hot Potato to Facebook in August.

Now First Round Capital has raised a $126 million sophmore fund, as first noted by Forms D and reported today by PE Hub.

Charlie O'Donnell, First Round's "Entrepreneur in Residence" is an extremely active presence on the Silicon Alley startup scene and organizes a popular networking breakfast for startups and VCs.

First Round has offices on both coasts and in Philadelphia, home of one of its most succussful exits, the Philly-based Invite Media, which sold to Google in June for $70 million.

Hopefully with O'Donnell's ear firmly pressed to the ground here in New York, startups will get to share in a good chunk of this round.

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Startups Rejoice: First Round Capital Gets Another $126 Million To Spread Around