First Round Capital

Counted rounds

Led

2 as participant

Companies

Disclosed round value

$119M

2 of 3 rounds disclosed; whole rounds, not this investor's share

First deal

2023-02-28

K2 Space

Latest deal

2025-02-13

K2 Space

First Round Capital appears on 3 counted private space funding rounds in our records, into 2 companies: recorded as lead on 1 and as a participant on 2.

The earliest is K2 Space on 28 February 2023; the latest is K2 Space on 13 February 2025.

2 of the 3 rounds disclosed a size, together $119M. That is the size of the rounds First Round Capital took part in, not the amount First Round Capital invested: we hold no per-investor allocations and do not estimate them.

The investor most often on the same counted rounds as First Round Capital is Alpine Space Ventures, on 1 round.

Portfolio: counted rounds

Private funding rounds into space companies that name First Round Capital as lead or participant, newest first, each with its source. Round size is the whole round; a blank size was never disclosed and is not estimated.

First Round Capital counted rounds. 3 rows.
Date	Company	Stage	Role	Round size	Source
2025-02-13	K2 Space	Series B	Participant	$110M	Payload (opens the source for this round)
2023-04-14	AstranisRecorded as Venture (equity and debt)	Other or unlabelled private round	Participant	Not disclosed	SpaceNews (opens the source for this round)
2023-02-28	K2 Space	Seed	Lead	$8.5M	SEC EDGAR Form D (opens the source for this round)

Rounds come from company announcements, regulatory filings and press reports. Amounts, valuations and investors are as reported and may be incomplete or later revised. Not investment advice, and not an offer or solicitation for any security. Full disclaimer

By stage, sector and year

Stage
Stage	Rounds
Seed	1
Series B	1
Other or unlabelled private round	1

Sector of the company
Sector	Rounds
Manufacturing	2
Satellite	1

Year
Year	Rounds
2025	1
2023	2

Co-investors

Investors named on the same counted rounds, by the number of rounds shared.

How this page is built

Computed from the SpaceNexus funding record: every figure is a count, a sum or a date over our own rows, and every sentence is a fixed template filled from them. Nothing on this page is written or estimated by a model.
A round counts when it is a published private funding round into a space company, the rule behind our quarterly funding editions and the Most Active Space Investors release.
Investor names are read from each round's recorded lead and investor fields by fixed rules: co-leads written “A / B” or “A; B” are split, hand-checked spelling variants are merged and fund vehicles are credited to the firm that manages them. The wording as recorded is shown beside any row where it differs.
Only 468 of the 626 counted rounds in our records name any investor, so this is what our records show, not a complete list of First Round Capital's investments.
Pages join search engines once an investor appears on at least 2 counted rounds.
No investor pays to appear here or to change what is shown.

Newsletter

Headline figures

Portfolio: counted rounds

By stage, sector and year

Co-investors

How this page is built