# Frst: portfolio, investments and team

> Frst is a vc firm based in France. 39 investments on record, 11 in the last 12 months, latest Sept 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/frst (Millionrounds; every figure on the page links to its filing or article)

France · [Investor](https://millionrounds.com/investors)

# Frst

Last cheque observed Sep 2026; 39 cheques on record.

Email

Deploying now VC firm

Pre-seed Seed Series A Information Technology & Services

Follow Frst and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Ffrst)

Deploying now

**100%** of best year **11** **cheques in 12 months**, 39 on record

Since the last cheque **45** days **00** hrs **00** min **00** sec

Median round **$6.0M** Cheque size, as they say **$500K – $2.5M** Rounds led **3 of 39** Sole investor **2 rounds** Mostly in **France, 78%**

Pitch Frst

## Frst highlights

- 01 11 cheques in the last 12 months
- 02 Mostly Seed and Series A: 85% of its rounds
- 03 Sole investor in 2 rounds, median $3.0M

## What they do

> Frst is a seed-stage VC firm focused on supporting a new generation of European entrepreneurs with global ambitions. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $500K – $2.5M as they say
- **Stages:** Pre-seed Seed Series A
- **Sectors:** Information Technology & Services
- **Based in:** Paris, France
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **39 appearances**

- **2026** 9 rounds
- **Sept** **[Opio](https://millionrounds.com/company/opio)** Seed · FR · Tech.eu **$4.6M** *Led*
- **Sept** **[Huscarl](https://millionrounds.com/company/huscarl)** Seed · FR · Contxto **$5.6M** *Led*
- **Jul** **[KelAI](https://millionrounds.com/company/kelai)** Seed · US · AlleyWatch **$5.0M** *Led*
- **Jun** **[Comand AI](https://millionrounds.com/company/comand-ai)** Series A · FR **$37M** With 2 others
- **Jun** **[Uncovr](https://millionrounds.com/company/uncovr)** Seed · US **$7.0M** With 4 others
- **May** **[Elastics](https://millionrounds.com/company/elastics)** Pre-seed · US **$2.0M** Sole investor
- **Apr** **[Helical](https://millionrounds.com/company/helical)** Seed · Happiness Capital **$10M** With 3 others
- **Apr** **[Attention](https://millionrounds.com/company/attention)** Series B · US **$30M** With 4 others
- **Mar** **[Escape](https://millionrounds.com/company/escape)** Series A · Ventureburn **$18M** With 5 others
- **2025** 9 rounds
- **Nov** **[Flexion](https://millionrounds.com/company/flexion)** Series A · CH · Crunchbase News **$50M** With 5 others
- **Nov** **[Freeda](https://millionrounds.com/company/freeda)** Seed · FR **$3.9M** Sole investor
- **Jul** **[Spiko](https://millionrounds.com/company/spiko)** Series A · FR · Silicon Canals **$22M** With 11 others
- **May** **[Orasio](https://millionrounds.com/company/orasio)** Seed · FR **$18M** With 1 other
- **Apr** **[Parallel 1245](https://millionrounds.com/company/parallel-1245)** Seed · FR **$3.5M** With 3 others
- **Mar** **[Dalma](https://millionrounds.com/company/dalma)** Series B · FR · Silicon Canals **$22M** With 6 others
- **Jan** **[Formance](https://millionrounds.com/company/formance)** Series A · FR · TechCrunch **$21M** With 6 others
- **Jan** **[Maki People](https://millionrounds.com/company/maki-people)** Series A · FR · Silicon Canals **$29M** With 4 others
- **Jan** **[Maki](https://millionrounds.com/company/maki)** Series A · FR **$27M** With 4 others
- **2024** 7 rounds
- **Dec** **[Comand AI](https://millionrounds.com/company/comand-ai)** Seed · FR **$8.9M** With 2 others
- **Nov** **[Polar Analytics](https://millionrounds.com/company/polar-analytics)** Series A · FR **$19M** With 3 others
- **Jun** **[Helical](https://millionrounds.com/company/helical)** Seed · LU **$3.2M** With 2 others
- **May** **[Hylé](https://millionrounds.com/company/hyle)** Seed · FR **$2.6M** With 3 others
- **Apr** **[Dark](https://millionrounds.com/company/dark)** Seed · FR **$5.9M** With 3 others
- **Mar** **[Pelikan Mobility](https://millionrounds.com/company/pelikan-mobility)** Seed · FR **$4.3M** With 3 others
- **Jan** **[Electra](https://millionrounds.com/company/electra)** Growth · FR · RIVE Private Investment **$331M** With 13 others
- **2023** 6 rounds
- **Nov** **[IDA](https://millionrounds.com/company/ida)** Seed · HK **$2.9M** With 4 others
- **Sept** **[La Tournée](https://millionrounds.com/company/la-tournee)** Seed · FR **$4.8M** With 1 other
- **Sept** **[OnlyDust](https://millionrounds.com/company/onlydust)** Seed · FR **$3.2M** With 2 others
- **Apr** **[Bastion](https://millionrounds.com/company/bastion)** Seed · US **$2.8M** With 3 others
- **Feb** **[Pongo](https://millionrounds.com/company/pongo)** Series A · FR **$5.4M** With 1 other
- **Jan** **[Oneleaf](https://millionrounds.com/company/oneleaf)** Seed · FR **$5.1M** With 2 others
- **2022** 6 rounds
- **Dec** **[Trustblock](https://millionrounds.com/company/trustblock)** Seed · FR **$737K** With 1 other
- **Aug** **[PayFit](https://millionrounds.com/company/payfit)** Venture · FR **Undisclosed** With 4 others
- **Jul** **[CLOS3T](https://millionrounds.com/company/clos3t)** Pre-seed · FR **$305K** With 1 other
- **Jun** **[CastorDoc](https://millionrounds.com/company/castordoc)** Series A · FR **$24M** With 3 others
- **Mar** **[Athenian](https://millionrounds.com/company/athenian)** Seed · FR **$6.0M** With 3 others
- **Jan** **[Doctrio](https://millionrounds.com/company/doctrio)** Seed · FR **$3.4M** With 1 other
- **2021** 2 rounds
- **Sept** **[Cajoo](https://millionrounds.com/company/cajoo)** Series A · FR **$40M** With 2 others
- **May** **[Snipfeed](https://millionrounds.com/company/snipfeed)** Seed **$7.5M** With 5 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **8** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

Who backs their funds

## 1 LP on record in Frst's funds

- **Funds:** 1

The institutions that put money into its funds, which the firm then invests in companies. Source: an LP list.

- [**Molten Ventures** 1 fund](https://millionrounds.com/fund/molten-ventures) Fund Vintage Committed Frst - -

## What they claim to have backed

From their own portfolio page (on their website)

**15** of 37 we have independently watched raise

[AI biotech](https://millionrounds.com/company/owkin)[AI copilot for](https://millionrounds.com/company/attention)[AI for software development](https://millionrounds.com/company/poolside)[AI-powered legal database](https://millionrounds.com/company/doctrine)[Actuarial intelligence for](https://millionrounds.com/company/huscarl)[All-in-one Cybersecurity & Compliance](https://millionrounds.com/company/bastion)[European video AI](https://millionrounds.com/company/orasio)[From surgical video](https://millionrounds.com/company/uncovr)[Multiscale AI model](https://millionrounds.com/company/bioptimus)[Payfit](https://millionrounds.com/company/payfit)[Pet insurance](https://millionrounds.com/company/dalma)[Polaranalytics](https://millionrounds.com/company/polar-analytics)[Real-time multimodal transportation](https://millionrounds.com/company/shippeo)[Seamless access to](https://millionrounds.com/company/spiko)[The AI Quant](https://millionrounds.com/company/kelai) AI agents for AI designed for you AI for Transaction Services AI for automated AI trading assistant AI-native helpdesk. Built API security platform Building the next Business Insurance for SMBs Complexintelligence for simplehuman Cyber security awareness platform EV-native leasing company Fakto Freeda Gopigment Helical-ai Modern financial services Modern talent assessment platform Poolside Infrastructure Company Security data for Supercharger network for EVs Take back control

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## The cheque

Pre-seed Seed Series A

Median round joined **$6.0M** the round, not its cheque Alone, median **$3.0M**

Led 3 of 39 rounds **8%**

- **Said size:** $500K – $2.5M
- **Sole investor:** 2 rounds
- **Last cheque:** Sept 2026

Rounds by stage said on their site

- Seed said *22*
- Series A said *11*
- Pre-seed said *2*
- Series B *2*
- Growth *1*
- Venture *1*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Kima Ventures](https://millionrounds.com/fund/kima-ventures) 13
- [Bpifrance](https://millionrounds.com/fund/bpifrance) 5
- [Eurazeo](https://millionrounds.com/fund/eurazeo) 5
- [Global Founders Capital](https://millionrounds.com/fund/global-founders-capital) 5
- [Fabric Ventures](https://millionrounds.com/fund/fabric-ventures) 4
- [Y Combinator](https://millionrounds.com/fund/y-combinator) 4

**Pitching Frst?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Frst. A count of rooms they were both in, not a relationship either has claimed.

[**Kima Ventures** VC firm **13** rounds together](https://millionrounds.com/fund/kima-ventures)[**Bpifrance** Government **5** rounds together](https://millionrounds.com/fund/bpifrance)[**Eurazeo** Private equity **5** rounds together](https://millionrounds.com/fund/eurazeo)[**Global Founders Capital** VC firm **5** rounds together](https://millionrounds.com/fund/global-founders-capital)[**Fabric Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/fabric-ventures)[**Y Combinator** Accelerator **4** rounds together](https://millionrounds.com/fund/y-combinator)[**DST Global** Private equity **3** rounds together](https://millionrounds.com/fund/dst-global)[**Seedcamp** VC firm **3** rounds together](https://millionrounds.com/fund/seedcamp)[**AGORANOV** Accelerator **2** rounds together](https://millionrounds.com/fund/agoranov)[**Abstract Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/abstract)[**BoxGroup** VC firm **2** rounds together](https://millionrounds.com/fund/boxgroup)[**Index Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/index-ventures)

## Recently backed

The latest companies Frst put money into.

[**Opio** $4.6M · Sept 2026](https://millionrounds.com/company/opio)[**KelAI** $5.0M · Jul 2026](https://millionrounds.com/company/kelai)[**Comand AI** $37M · Jun 2026](https://millionrounds.com/company/comand-ai)[**Uncovr** $7.0M · Jun 2026](https://millionrounds.com/company/uncovr)[**Elastics** $2.0M · May 2026](https://millionrounds.com/company/elastics)[**Helical** $10M · Apr 2026](https://millionrounds.com/company/helical)

## Quick answers about Frst

### What does Frst invest in?

Frst invests most often at Seed and Series A (85% of the rounds on record), in sectors such as Information Technology & Services.

### How active is Frst?

39 investments on record, 11 of them in the last 12 months, and it led 3. The most recent was in Sept 2026.

### What has Frst invested in recently?

Its most recent investments on record: Opio (Seed, Sept 2026), Huscarl (Seed, Sept 2026) and KelAI (Seed, Jul 2026).

### How big are Frst's cheques?

The median round it joins is $6.0M. It says it writes cheques of $500K to $2.5M.

### Does Frst lead rounds?

Sometimes: it led 3 of its 39 investments on record (8%).

### Where does Frst invest?

Most of the companies it backs are in France (78%) and the United States (14%).

### Is Frst investing now?

Yes: it is actively investing, with 11 investments in the last 12 months.

### Who does Frst invest alongside?

Most often Kima Ventures (13 rounds together), Bpifrance (5 rounds together) and Eurazeo (5 rounds together).

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