Frst
Venture capital · Paris, France · Europe
Frst is a venture capital firm that invests at Day One, often before a company exists, making most decisions in two meetings and 48 hours. It has deployed $200m into 70 companies since starting 10 years ago, with offices in Paris and San Francisco.
Invests inAI & Machine Learning
In its own wordsaisoftwarecybersecuritydefencebiologyenterprise
Your fit with Frst
Four questions about your startup
See how your round matches what it backs, point by point.
Or find every investor that fitsFrst lists 38 checked portfolio companies on its own site and is named in 14 funding rounds, 8 of them as lead. Its most frequent entry is Seed, 85% of the companies with a known first round. Its largest themes are AI & Machine Learning (30%), Healthcare & Biotech (13%) and Fintech (13%). 53% of its companies are based in France. It invests most often alongside Y Combinator, DST Global and Global Founders Capital.
Counts come from funding rounds that name Frst, complete from mid-2025: earlier rounds appear only when they were reported later. Round amounts and full round histories are on Fundup AI.
Round figures show recent activity, not Frst's whole history. Rounds on record name 13 companies; its own site lists 38. Funding rounds are complete from mid-2025, so counts and the yearly trend undercount a firm that invested before then. The portfolio, themes and places come from its own site and are not affected.
Entry stage
share of companies by the stage of its first roundShow as a table
| Value | |
|---|---|
| Pre-seed | 0% |
| Seed | 85% |
| Series A | 8% |
| Series B | 8% |
| Growth | 0% |
Activity by year
rounds it joined, last 10 yearsShow as a table
| Total | Rounds it led | |
|---|---|---|
| '17 | 0 | 0 |
| '18 | 0 | 0 |
| '19 | 0 | 0 |
| '20 | 0 | 0 |
| '21 | 0 | 0 |
| '22 | 0 | 0 |
| '23 | 0 | 0 |
| '24 | 0 | 0 |
| '25 | 4 | 3 |
| '26 | 10 | 5 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 76th | 38 companies |
| Recent activity | 95th | 10 rounds in 12 months |
| Early stage | 84th | 85% of entries at pre-seed or seed |
| Evidence | 92th | 21% of companies confirmed by a round |
| Sector focus | 51th | 30% in its largest sector |
| Reach | 70th | 4 countries |
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| AI & Machine Learning | 30% | 18% |
| Healthcare & Biotech | 13% | 15% |
| Fintech | 13% | 12% |
| Cybersecurity | 11% | 4% |
| E-commerce & Marketplaces | 8% | 6% |
| Industrial & Manufacturing | 5% | 7% |
| Human Resources | 5% | 1% |
| Robotics & Hardware | 3% | 1% |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| Y Combinator | 7 |
| DST Global | 4 |
| Global Founders Capital | 4 |
| Index Ventures | 3 |
| Seedcamp | 3 |
| Agoranov | 2 |
| BAM Elevate | 2 |
| Blossom Capital | 2 |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers38100%
- No longer answers00%
- Points to another company00%
- Parked or sold domain00%
A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.
Co-investor network
who it backs companies with, and who they back togetherCompare Frst head to head
portfolio size, rounds, entry stages, themes and the companies both backThree or more firms at once: portfolio overlap.
Funds
as stated on its siteRecent portfolio activity
when companies last raised with Frst| Date | Company | Stage |
|---|---|---|
| 6 Oct 2026 | Series B | |
| 16 Sept 2026 | Seed | |
| 1 Sept 2026 | Seed Led | |
| 14 May 2026 | Seed Led | |
| 13 May 2026 | Seed Led | |
| 5 May 2026 | Seed Led | |
| 14 Apr 2026 | Seed | |
| 19 Mar 2026 | Series A |
Round details for Frst
Amounts, full round histories and every co-investor in Frst's rounds are on Fundup AI. VCinfo covers investors and their portfolios.
Portfolio
38 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| Attention builds AI agents that learn from sales conversations and integrate with various systems to provide deal alerts, scorecards, and other sales-related data | AI & Machine LearningEnterprise Software | Portfolio page | ||
| Bastion provides a platform for AI-native compliance and AI-ready security | CybersecurityAI & Machine Learning | Portfolio page | ||
| Parallel builds AI agents that help hospitals capture missed revenue, streamline operations, and give healthcare teams more time to focus on care. | Healthcare & Biotech | Apr 2025Seed · 2 rounds | Page + round | |
| Bioptimus trains foundation models to learn the dynamics of human biology and predict outcomes | Healthcare & Biotech | Portfolio page | ||
| Comand builds an AI-native command platform for defense and security operations | AI & Machine LearningCybersecurity | Portfolio page | ||
| Condor Energy provides energy management and optimization services for industries, retailers, and data centers | E-commerce & MarketplacesIndustrial & Manufacturing | Portfolio page | ||
| The company creates foundations for agents that autonomously defend systems using frontier AI and cybersecurity solutions. | CybersecurityAI & Machine Learning | Portfolio page | ||
| Dalma provides health insurance for pets, including dogs and cats, and offers various coverage options and services | Healthcare & BiotechFintech | Portfolio page | ||
| Doctrine provides an artificial intelligence legal tool that helps lawyers and jurists with their work | Legal & Compliance | Portfolio page | ||
| Elastics builds an AI trading assistant for prediction markets | FintechAI & Machine Learning | May 2026Seed | Page + round | |
| Enroll is an AI Agent that handles employee requests, runs HRIS processes, generates letters, with HR approvals at every step. | Human ResourcesAI & Machine Learning | Portfolio page | ||
| The company provides an AI-powered platform for offensive security and pentesting services. | CybersecurityAI & Machine Learning | Portfolio page | ||
| Fakto provides an AI platform for cost intelligence and supplier contract management | AI & Machine LearningFintech | May 2026Seed | Page + round | |
| Flexion develops a unified foundation model that combines command, motion, and control for robots, trained in simulation and deployable across various robot morphologies. | AI & Machine LearningRobotics & Hardware | Portfolio page | ||
| Freeda reviews construction documents to find and report on potential risks and issues | Real Estate & Construction | Nov 2025Seed | Page + round | |
| Piana provides fleet management services, including fuel cards, electric vehicle charging, and toll payment solutions. | Mobility & Logistics | Portfolio page | ||
| Electra operates fast charging stations for electric vehicles and offers related services and subscriptions. | E-commerce & MarketplacesSpace & Defense | Portfolio page | ||
| Pigment provides an AI platform for enterprise business planning | AI & Machine LearningEnterprise Software | Portfolio page | ||
| The company provides a virtual AI lab for drug discovery, allowing users to adapt biological foundation models to their proprietary data and turn their scientific expertise into evaluations that measure success. | Healthcare & Biotech | Apr 2026Seed | Funding round | |
| Huscarl provides actuarial intelligence and independent advisory services for corporate self-insurance and captive managers | FintechIndustrial & Manufacturing | Sept 2026Seed | Page + round |
About this data
site last read 5 Nov 2026- Site
- frst.vc
- Last read
- 5 Nov 2026
- Watching since
- 5 Nov 2026
- Rounds since
- 15 Jan 2025
- Companies checked
- 38
Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.
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