Key Takeaways
- • First Round Capital has launched its Fund X, targeting $500 million, according to PEI Private Equity.
- • Limited partners in the firm's prior fund include the endowments of Princeton University and the University of Michigan, along with TIFF Investment Management, a fund of funds.
- • The San Francisco-based venture firm's fundraise is reported as a briefs-format item, with the article's source material offering limited further detail on strategy or fund terms.
Summary
San Francisco-based First Round Capital has launched Fund X, with a fundraising target of $500 million, according to a report by David Bogoslaw in PEI Private Equity. The article identifies the firm's limited partners as including the endowments of Princeton University and the University of Michigan, as well as TIFF Investment Management, a fund of funds.
The report is brief and does not provide detail on the fund's strategy, sector focus, final close size, or investment terms. Coverage is categorized under fundraising, managers, and North American fintech and healthcare activity.
For institutional allocators, the launch signals that a established early-stage venture manager is returning to market with a fund roughly $500 million in size, and that university endowments and a fund-of-funds vehicle are among its investors.
The report is brief and does not provide detail on the fund's strategy, sector focus, final close size, or investment terms. Coverage is categorized under fundraising, managers, and North American fintech and healthcare activity.
For institutional allocators, the launch signals that a established early-stage venture manager is returning to market with a fund roughly $500 million in size, and that university endowments and a fund-of-funds vehicle are among its investors.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.