# Frst Portfolio Map 2026: 20 Startups by Sector

> Frst's portfolio mapped: 20 startups it has backed, in 4 sectors from AI, Fintech and Web3 & Crypto on. $331M raised between them; logos, funding and rounds.

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

## AI

9

- [Flexion](https://millionrounds.com/company/flexion)
- [Comand AI](https://millionrounds.com/company/comand-ai)
- [*A* Attention](https://millionrounds.com/company/attention)
- [*E* ESCAPE](https://millionrounds.com/company/escape)
- [Orasio](https://millionrounds.com/company/orasio)
- [Helical](https://millionrounds.com/company/helical)
- [Uncovr](https://millionrounds.com/company/uncovr)
- [KelAI](https://millionrounds.com/company/kelai)
- [OPiO](https://millionrounds.com/company/opio)

## Fintech

4

- [Bastion](https://millionrounds.com/company/bastion)
- [Spiko](https://millionrounds.com/company/spiko)
- [Formance](https://millionrounds.com/company/formance)
- [Elastics](https://millionrounds.com/company/elastics)

## Web3 & Crypto

4

- [IDA](https://millionrounds.com/company/ida)
- [Hylé](https://millionrounds.com/company/hyle)
- [Trustblock](https://millionrounds.com/company/trustblock)
- [CLOS3T](https://millionrounds.com/company/clos3t)

## IT Services

3

- [Maki](https://millionrounds.com/company/maki)
- [*P* Pongo](https://millionrounds.com/company/pongo)
- [OnlyDust](https://millionrounds.com/company/onlydust)

## Segment by segment

### AI

9 startups · $212M raised

- [**Flexion**](https://millionrounds.com/company/flexion) Flexion Mobile provides alternative app store distribution services for mobile game developers, helping them scale revenue beyond Switzerland $50M
- [**Comand AI**](https://millionrounds.com/company/comand-ai) Comand AI is a Paris-based defense technology company founded in 2023. France $46M
- [*A* **Attention**](https://millionrounds.com/company/attention) United States $45M
- [*E* **ESCAPE**](https://millionrounds.com/company/escape) Switzerland $18M
- [**Orasio**](https://millionrounds.com/company/orasio) Orasio is a Paris-based deep-tech startup founded in early 2025, focusing on artificial intelligence for video intelligence solutions. France $18M
- [**Helical**](https://millionrounds.com/company/helical) Helical is an intermediary platform that offers bioinformaticians free access to the technologies from AI and biological computation. Luxembourg $13M
- [**Uncovr**](https://millionrounds.com/company/uncovr) Uncovr is a Paris-based surgical AI company founded in 2025. United States $12M
- [**KelAI**](https://millionrounds.com/company/kelai) KelAI, 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

- [**Bastion**](https://millionrounds.com/company/bastion) Bastion is a US-regulated financial institution that specializes in providing a regulated wallet API for businesses to launch comp United States $26M
- [**Spiko**](https://millionrounds.com/company/spiko) Spiko is a Paris-based fintech company founded in 2023. France $22M
- [**Formance**](https://millionrounds.com/company/formance) Formance is building open source infrastructure for the financial internet. France $21M
- [**Elastics**](https://millionrounds.com/company/elastics) Elastics is an AI-native operating system for trading, focusing on prediction markets. United States $2.0M

### Web3 & Crypto

4 startups · $13M raised

- [**IDA**](https://millionrounds.com/company/ida) Ida is a French software company specializing in replenishment management for fruits and vegetables. Hong Kong SAR China $8.9M
- [**Hylé**](https://millionrounds.com/company/hyle) Hylé is the modular ZK stack's core layer, providing a secure, decentralized, and censorship-resistant settlement layer for all ZK proofs. France $2.6M
- [**Trustblock**](https://millionrounds.com/company/trustblock) Effortless Bitcoin hardware with the most durable cold wallet technology. France $737K
- [**CLOS3T**](https://millionrounds.com/company/clos3t) Clos3t 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

- [**Maki**](https://millionrounds.com/company/maki) MAKI is a digital agency that offers social networks management, graphic design, photography, and website design services. France $27M
- [*P* **Pongo**](https://millionrounds.com/company/pongo) Industrial Strength Semantic Search for AI Applications. France $5.8M
- [**OnlyDust**](https://millionrounds.com/company/onlydust) Contribute to the best open-source projects. France $3.2M

**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.

## More portfolio maps

[All portfolios](https://millionrounds.com/portfolio-maps)

[VC firm · France **Kima Ventures** 340 startups · 12 sectors · $6.3B](https://millionrounds.com/portfolio-maps/kima-ventures-portfolio-map)[VC firm · France **Partech Ventures** 173 startups · 12 sectors · $7.9B](https://millionrounds.com/portfolio-maps/partech-portfolio-map)[VC firm · France **BNP Paribas** 128 startups · 12 sectors · $40B](https://millionrounds.com/portfolio-maps/bnp-paribas-portfolio-map)[VC firm · France **Sofinnova Partners** 105 startups · 9 sectors · $7.4B](https://millionrounds.com/portfolio-maps/sofinnova-partners-portfolio-map)[VC firm · France **Ring Capital** 91 startups · 12 sectors · $1.7B](https://millionrounds.com/portfolio-maps/ring-portfolio-map)[VC firm · France **Seventure Partners** 91 startups · 12 sectors · $3.6B](https://millionrounds.com/portfolio-maps/seventure-partners-portfolio-map)

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