# Bill Trenchard

> Bill Trenchard is a seed investor at First Round Capital backing Software and FinTech. See 78 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [First Round Capital](https://shizune.co/investors/profile/first-round-capital)
- Location: San Francisco, United States
- Total investments: 78
- Last investment: Jul 2026
- Lead investor: 35%
- Last updated: Aug 2026
- LinkedIn: http://www.linkedin.com/in/billtrenchard
- X (Twitter): http://twitter.com/btrenchard
- Website: https://x.com/btrenchard

Bill Trenchard is a seed investor at First Round Capital in San Francisco focused on Software and FinTech. Bill Trenchard is the Partner at First Round Capital

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $2M–$11M |
| Series A | $5M–$25M |
| Series B | $22M–$65M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 13 | 17% |
| FinTech | 10 | 13% |
| Artificial Intelligence | 10 | 13% |
| Financial Services | 9 | 12% |
| Finance | 6 | 8% |

92 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 26 | 33% |
| Series A | 22 | 28% |
| Series B | 11 | 14% |
| Series C | 6 | 8% |
| Funding Round | 3 | 4% |

9 stages tracked in total.

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Assured Health | Assured Health provides a platform to automate healthcare credentialing, licensing, and payor enrollment for healthcare organizations. | $19M | Series A | Jul 22, 2026 |  |
| Proception | Proception specializes in the development of advanced humanoid robotic hands and robotic systems. | $11M | Seed | Jun 29, 2026 |  |
| Assort Health | Assort Health is building healthcare that remembers.From call center automation and form intake to referrals, document processing, outreach, and payments, we manage the entire patient journey for providers. Our platform is the most widely used AI agents platform for the patient journey, built on 180 million specialty patient interactions and amodel that handles the complexity general-purpose AI can’t.Healthcare organizations see a 5% lift in appointment volume, a 115% increase in labor capacity, and a 4.3 out of 5 patient satisfaction score.With over $222M raised from Menlo Ventures, Lightspeed, First Round Capital, Apolo Ohno, and Joe Montana, Assort is becoming the standard for how providers use AI to transform the patient journey.Learn more at assorthealth.com | $120M | Series C | Jun 24, 2026 |  |
| Ownwell | Ownwell is an online solution that helps people reduce the cost of owning real estate. | $30M | Series B | Feb 19, 2026 |  |
| Serval | Serval is an AI-native IT service management (ITSM) platform designed to give modern teams superpowers. | $47M | Series A | Oct 21, 2025 |  |
| FleetWorks Technology | FleetWorks is a logistics management platform that uses AI to automate manual freight brokerage operations. | $17M | Series A | Oct 10, 2025 |  |
| Assort Health | Assort Health is building healthcare that remembers.From call center automation and form intake to referrals, document processing, outreach, and payments, we manage the entire patient journey for providers. Our platform is the most widely used AI agents platform for the patient journey, built on 180 million specialty patient interactions and amodel that handles the complexity general-purpose AI can’t.Healthcare organizations see a 5% lift in appointment volume, a 115% increase in labor capacity, and a 4.3 out of 5 patient satisfaction score.With over $222M raised from Menlo Ventures, Lightspeed, First Round Capital, Apolo Ohno, and Joe Montana, Assort is becoming the standard for how providers use AI to transform the patient journey.Learn more at assorthealth.com | $76M | Series B | Oct 02, 2025 |  |
| Dyna Robotics | Dyna Robotics is at the forefront of revolutionizing robotic manipulation with cutting-edge foundation models. Our mission is to empower businesses by automating repetitive, stationary tasks with affordable, intelligent robotic arms. Leveraging the latest advancements in foundation models, we're driving the future of general-purposerobotics—one manipulation skill at a time.Dyna Robotics was founded by industry leaders who previously achieved a $350 million exit in grocery deep tech as well as top robotics researchers from DeepMind and Nvidia. Our team blends world-class research, engineering, and product innovation to drive the future of robotic manipulation. With sizable funding already in place, we're positioned to redefine the landscape of robotic automation. Join us to shape the next frontier of AI-driven robotics. | $120M | Series A | Sep 15, 2025 |  |
| Assured Health | Assured Health provides a platform to automate healthcare credentialing, licensing, and payor enrollment for healthcare organizations. | $6M | Seed | Sep 15, 2025 |  |
| Cache | Cache is a company that provides a specialized brokerage and financial products for managing large stock positions. Its main product, the Cache Exchange Fund, allows investors to diversify their holdings without triggering an immediate capital gains tax. Cache also offers stock lending programs and a Collar Advance product to help clients monetizeand protect their assets. | $12.5M | Series A | Aug 14, 2025 |  |

10 of 78 investments shown.

## Co-investors
- [Susa Ventures](https://shizune.co/investors/profile/susa-ventures) — VC Fund, 11 deals together
- [Felicis](https://shizune.co/investors/profile/felicis-ventures) — VC Fund, 8 deals together
- [Quiet Capital](https://shizune.co/investors/profile/quiet-capital) — VC Fund, 8 deals together
- [FirstMark](https://shizune.co/investors/profile/firstmark-capital) — VC Fund, 7 deals together
- [XYZ Venture Capital](https://shizune.co/investors/profile/xyz-ventures-33d5) — VC Fund, 7 deals together
- [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — VC Fund, 6 deals together

## About First Round Capital

VC Fund · San Francisco, United States

First Round is a seed-stage venture firm focused on building a community of technology entrepreneurs and companies, including Uber, Square, and Warby Parker. Through custom-built software, incredible in-person experiences, and a host of other unique services, First Round helps tiny companies get big while constantly reimagining the role of venturecapital. It offers a growing number of services and products to help founders build companies from scratch.First Round has adopted the Diversity Term Sheet Rider.

5 contacts available at First Round Capital.

| Name | Title | Profile |
| --- | --- | --- |
| Amy Fu | VP, Investments | https://shizune.co/investors/profile/amy-fu-5e24 |
| Elliot Cohen | Angel Track | https://shizune.co/investors/profile/elliot-cohen |
| Emery Rosansky | VP, Revenue Growth and Enablement | https://shizune.co/investors/profile/emery-rosansky |
| Akins Van Horne | Angel Track | https://shizune.co/investors/profile/akins-van-horne |
| Bill Trenchard | Partner | https://shizune.co/investors/profile/bill-trenchard |

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## FAQ

### What does Bill Trenchard invest in?

Bill Trenchard invests primarily in Software, FinTech and Artificial Intelligence startups, most often at Seed and Series A stage. Most of the 78 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Bill Trenchard's check size?

Bill Trenchard typically joins rounds of $2M–$11M at Seed, $5M–$25M at Series A and $22M–$65M at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Bill Trenchard participates in.

### When did Bill Trenchard last invest?

The most recent investment recorded for Bill Trenchard closed in Jul 2026. Shizune tracks 78 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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