Early stage firm First Round Capital is raising $135 million for a new fund, according to a recent SEC filing.
It will be the firm’s fourth fund. Its third fund gathered $126 million in late 2010.
The company has a history of making early seed investments in startups. Its roster includes Path, TaskRabbit, Mint.com, Path, Urban Airship, and Flurry.
First Round celebrated the holidays last year with a spoof video highlighting the latest companies they invested in.
The firm is the “most active seed-stage venture firm” in the country, according to the Wall St. Journal. It is ranked as the third largest US investment firm in terms of number of deals.
The firm often co-invests with wealth individual investors with investments typically between $500,000 to $600,000.
Founded in 2004, the firm has helped launch over 70 companies. It is based in Philadelphia with a strong presence in San Francisco. Its managing partners include Josh Kopelman, Chris Fralic, Rob Hayes, and Howard Morgan.