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First Round Capital Closes $175 Million Fifth Fund

First Round Capital, the seed-stage investment firm, has closed a fifth fund of $175 million. The firm also announced that New York City-based partner Phin Barnes is relocating to San Francisco and that Wiley Cerilli, founder of former portfolio company SinglePlatform, is joining as a venture partner. Current First Round Capital portfolio companies include Blue Apron, Birchbox, DogVacay and Fab.

This article originally appeared on Recode.net.