Portfolio map · VC firm · France
Frst portfolio map
20 startups Frst has backed in rounds we track, since 2022, grouped by their main sector. Together they have raised $331M; Frst led at least one round in 2 of them. The biggest sector is AI, with 9 companies.
Funding by segment
- AI$212M9
- Fintech$71M4
- Web3 & Crypto$13M4
- IT Services$36M3
Where they are based
- France11$150M
- United States5$91M
- Switzerland2$68M
- Luxembourg1$13M
- Hong Kong SAR China1$8.9M
France
United States
Switzerland
Luxembourg
Hong Kong SAR ChinaFounded
8 without a founding year on record.
Total raised
- Under $1M2
- $1M to $10M7
- $10M to $50M10
- $50M to $250M1
- $250M to $1B0
- $1B and over0
Each dot is a startup: the year it was founded across, the total it has raised up (each line is ten times the one below). Pick a segment to pick it out.
12 of 20 startups shown; the rest have no founding year or amount on record.
- 1 to 2
- 3 to 7
- 8 to 24
- 25 to 99
- 100 and more
- France11
- United States5
- Switzerland2
- Luxembourg1
- Hong Kong SAR China1
Startups by country, 5 countries in all.
Segment by segment
AI
9 startups · $212M raised
FlexionFlexion Mobile provides alternative app store distribution services for mobile game developers, helping them scale revenue beyond Switzerland$50M
Comand AIComand AI is a Paris-based defense technology company founded in 2023.France$46M- AAttentionUnited States$45M
- EESCAPESwitzerland$18M
OrasioOrasio is a Paris-based deep-tech startup founded in early 2025, focusing on artificial intelligence for video intelligence solutions.France$18M
HelicalHelical is an intermediary platform that offers bioinformaticians free access to the technologies from AI and biological computation.Luxembourg$13M
UncovrUncovr is a Paris-based surgical AI company founded in 2025.United States$12M
KelAIKelAI, also known as KelAI Tech, is an AI research engine focused on serving hedge funds and institutional investors.United States$5.0M
Fintech
4 startups · $71M raised
BastionBastion is a US-regulated financial institution that specializes in providing a regulated wallet API for businesses to launch compUnited States$26M
SpikoSpiko is a Paris-based fintech company founded in 2023.France$22M
FormanceFormance is building open source infrastructure for the financial internet.France$21M
ElasticsElastics is an AI-native operating system for trading, focusing on prediction markets.United States$2.0M
Web3 & Crypto
4 startups · $13M raised
IDAIda is a French software company specializing in replenishment management for fruits and vegetables.Hong Kong SAR China$8.9M
HyléHylé is the modular ZK stack's core layer, providing a secure, decentralized, and censorship-resistant settlement layer for all ZK proofs.France$2.6M
TrustblockEffortless Bitcoin hardware with the most durable cold wallet technology.France$737K
CLOS3TClos3t is a Paris-based B2B SaaS startup founded in 2022, specializing in luxury fashion client engagement through blockchain technology.France$305K
IT Services
3 startups · $36M raised
How this map is made. Every startup here has raised money in a round we track that names Frst as an investor, the first in 2022. Each sits under its main sector, read from its rounds, and each sector shows its best-funded first; sectors with fewer than three companies are left off. Rebuilt nightly; updated 15 November 2026.
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