The Canadian AI Index

Investors / First Round Capital

First Round Capital

First Round Capital is a venture capital firm based in the United States. First Round Capital has backed 1 Canadian AI company in the Index, joining 3 tracked rounds and leading 1. The most recent was Gumloop's US$50M Series B in March 2026. First Round Capital most often invests alongside Y Combinator, Nexus Venture Partners and Benchmark.

VC based in US. 1 Canadian AI company in the Index, 3 tracked rounds, 1 as lead.

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Type
VC
HQ country
US
Companies
1
Tracked rounds
3
Led
1
First tracked deal
Gumloop, Jul 2024
Latest tracked deal
Gumloop, Mar 2026

Portfolio

CompanyRounds joined (date, round size)Company's total raisedRole
GumloopSeed · Jul 2024 · US$3.1M round (lead)Series A · Jan 2025 · US$17M roundSeries B · Mar 2026 · US$50M roundUS$70.1MLed Seed

A round's size is the whole round as announced, not this investor's cheque.

Frequent co-investors

Y Combinator (3 shared rounds), Nexus Venture Partners (2 shared rounds), Benchmark (1 shared round), Box Group (1 shared round), Shopify Ventures (1 shared round), The Cannon Project (1 shared round)

Data as of November 10, 2026.

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