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"first round of financing" is a correct and usable phrase in written English.
It is usually used to refer to the first wave of financial investments into a company or project. For example, "The startup was able to secure its first round of financing to launch its new product."
Exact(50)
Last year, NASA awarded $50 million in its first round of financing for commercial crew development.
In all, the first round of financing brought in $12.5 million.
Christopher and his partner raised their first round of financing in the spring of 1999.
The first round of financing, announced last month, provided $1.5 billion to states including California and Florida.
He invested what he calls a "significant portion" of the $12 million raised in that first round of financing.
Thanks to a first round of financing from venture-capital (VC) backers, Staples' concept of rock-bottom prices for small businesses beat early sales targets by 50%.
Similar(10)
Most were high-technology related and had raised only their seed or first rounds of financing.
The $15.5 million represents BuzzFeed's third round of financing.
Bain also participated in the second round of financing.
It raised $219 million in its fourth round of financing.
HUD refused to release the second round of financing until the updated analysis was completed.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com