Frst portfolio

Frst has 10 portfolio companies on record at Recent Funding, with 4 investments in the last 12 months.

Website: frst.vc.

X: @frst_vc.

Type: Venture capital.

Portfolio on Recent Funding: 10.

Deals, last 12 months: 4.

Rounds led: 2 of 9.

Capital in their rounds: $164.24M.

Latest deal: Bageera · Oct 20, 2026.

About this page

It is a venture capital firm based in Paris, FR, founded in 2019. It led 2 of the 9 rounds it joined. Its most recent investment on record is Bageera's Seed round in October 2026, alongside Varsity and Banyan Ventures. By category, its portfolio leans toward Fintech (3) and Developer tools and cloud (2). It has co-invested with Bpifrance, Kima Ventures and Varsity, most often Bpifrance (2 rounds).

About Frst

Firm type: Venture capital.

Headquarters: Paris, FR.

Founded: 2019.

Stages: Pre-Seed, Seed.

Sectors: AI & Machine Learning, Biotech, Consumer, Cybersecurity, Data & Infrastructure, Defense Tech, Energy, Enterprise Software, Fintech, Healthtech, HR Tech, InsurTech, LegalTech, Logistics & Supply Chain, Media & Entertainment, Mobility & Transportation, Retail Tech, SaaS, Sector Agnostic.

Check size: $2M.

Leads rounds: No.

Portfolio companies: 38.

Exits: 0.

Rounds led: 5.

What Frst invests in

Fintech · 3 · 30%
Developer tools and cloud · 2 · 20%
Sales and marketing · 2 · 20%
Climate and energy · 1 · 10%
Foundation models and research · 1 · 10%
Prediction markets · 1 · 10%
Trading tools and bots · 1 · 10%
Crypto x AI · 1 · 10%

Frst recent investments

Company	Round	Date	Alongside
BBageera	Seed	Oct 20, 2026	Varsity (lead), Banyan Ventures
SSpiko Paris, France	Series B+ · $90M	Oct 6, 2026	Wintermute Ventures, NEA (lead), EQNX +6
OOpio	Seed · $4.61M	Sep 16, 2026	Global Founders Capital, Arthur Waller, Stanislas Polu +1
EElastics	Pre-seed · $2M	May 5, 2026	Philippe Bekhazi, Bartek Pucek, Andreessen Horowitz +3
SSpiko Paris, France	Pre-seed · $4.27M · lead	Jun 14, 2024	Frederic Montagnon, Jean-Charles Samuelian-Werve, Kima Ventures +6
FFlexAI	Seed · $30.46M	Apr 24, 2024	Alpha Intelligence Capital (lead), Better Angle, Bpifrance +5
EEscape	Seed · $3.9M	Jun 6, 2023	IRIS (lead), Kima Ventures, Philippe Langlois +4
FFormance	Pre-seed · $3.1M · lead	Jun 20, 2022	Axeleo Capital, Y Combinator, Hoxton Ventures (lead) +1

How Frst invests

Stage	Deals	Capital in rounds
Seed	4 44%	$38.97M
Pre-seed	3 33%	$9.37M
Series A	1 11%	$25.9M
Series B+	1 11%	$90M

Year	Deals	Capital in rounds
2020	1 11%	$25.9M
2022	1 11%	$3.1M
2023	1 11%	$3.9M
2024	2 22%	$34.73M
2026	4 44%	$96.61M

Frst portfolio companies

BBageeraSeed · Oct 2026
SSpiko Paris, France$90MSeries B+ · Oct 2026
OOpio$4.61MSeed · Sep 2026
EElastics$2MPre-seed · May 2026
FFlexAI$30.46MSeed · Apr 2024
EEscape$3.9MSeed · Jun 2023
FFormance$3.1MPre-seed · Jun 2022
PPigment$25.9MSeries A · Dec 2020
AAttentionbacker
FFlexion Roboticsbacker

Company	Round with Frst	Total raised	Latest raise
BBageera Climate and energy	Oct 20, 2026 Seed	undisclosed	Oct 20, 2026 Seed
SSpiko Paris, France Fintech	Oct 6, 2026 Series B+ · $90M	$116.27M	Oct 6, 2026 Series B+
OOpio Foundation models and research	Sep 16, 2026 Seed · $4.61M	$4.61M	Sep 16, 2026 Seed
EElastics Prediction markets	May 5, 2026 Pre-seed · $2M	$2M	May 5, 2026 Pre-seed
FFlexAI AI infrastructure and compute	Apr 24, 2024 Seed · $30.46M	$100.46M	Jul 14, 2026 Series B+
EEscape Cybersecurity	Jun 6, 2023 Seed · $3.9M	$22.4M	Mar 9, 2026 Series A
FFormance Lending and credit	Jun 20, 2022 Pre-seed · $3.1M · lead	$24.1M	Jan 29, 2025 Series A
PPigment Sales and marketing	Dec 3, 2020 Series A · $25.9M	$420.9M	Oct 21, 2026 Series B+
AAttention AI agents	backer	$30M	Jun 23, 2026 Series B+
FFlexion Robotics Robotics and hardware	backer	$50M	Nov 20, 2025 Series A

Most frequent co-investors

Similar investors

Investors whose portfolios on Recent Funding center on the same category (Fintech).

How this is counted

Firm profile: Fundraising Fox Open Dataset v2026-11, CC BY 4.0. Track-record counts are theirs, not Recent Funding's.

Share is of the 9 rounds on Recent Funding that name Frst. Rounds with no announced date are left out of the year split, and "round" is a round whose stage is not on file.

Portfolio companies are the companies on Recent Funding with a round that lists Frst, which is a subset of its real portfolio. API: /api/v1/investors/frst (get a free API key). More: the most active VC firms and new venture capital funds.