First Round Capital raises $175 million

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First Round Capital, a seed-stage investment company, has raised a fifth fund at $175 million. First Round also announced that New York City-based partner Phin Barnes will be relocating to San Francisco and Wiley Cerilli (founder of SinglePlatform) is joining as a venture partner. Some of First Round’s portfolio companies include Fab.com, DogVacay, Birchbox, and Blue Apron.
[Source: Re/Code]

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