About Frst Capital
Frst Capital is a venture capital firm founded in 2015. It is primarily based out of Paris, France. As of Sep 2026, Frst Capital is an active investor, having invested in 52 companies, with 5 new investments in the last 12 months. It primarily invests in Series A round in France based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Blockchain Technology. Most recently it participated in the $***** Series A round of Opio Overall, Frst Capital portfolio has seen 4 unicorns, 1 IPO and 7 acquisitions including key companies like Pigment, Owkin and PayFit. A lot of funds co-invest with Frst Capital, with names like Kima Ventures sharing a substantial percentage of its portfolio. Frst Capital has team of 7 people including 1 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio IPOs
Frst Capital's List of Top Investments
Frst Capital has a portfolio of 52 companies, including 4 unicorns. Their most notable investments are in Pelikan Mobility and Tulipshare.Their portfolio spans across France, United States, United Kingdom and 3 more locations. They have invested in Enterprise Applications, High Tech, Blockchain Technology and 25 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Frst Capital:1. Pigment
Business planning and project management platform for businesses. It offers solutions for accounting, financial management, budget planning, forecasting, profit and loss management, cash flow management, headcount planning, and more. It also offers solutions for quota planning, HR management, and more.
Key facts about Pigment
2. Electra
Provider of fast charging solutions for electric vehicles, removing barriers to the adoption of electric cars. They provide easy-to-use and reliable Superchargers to remove barriers to the adoption of electric cars.
Key facts about Electra
- Founded Year: 2020
- Location: Paris (France)
- Annual Revenue: €0 - €1M as on Dec 31, 2021
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $657M
- Employee Count: 596 as on Aug 31, 2026
- Investors: PGGM, Energy Infrastructure Partners and 40 Others
- Latest Funding Round: Conventional Debt, Jul 24, 2025, $*****
- Highlight: Editors' Pick
3. Owkin
AI generative biology company to create the new standard of biology reasoning. The company is creating the only large-scale reasoning model trained natively on patient-level multimodal data and reinforced through real biological feedback — a closed-loop system that continuously improves itself. It is building the operating system for biology a platform in general-purpose biology intelligence.
Key facts about Owkin
- Founded Year: 2016
- Location: Paris (France)
- Annual Revenue: €10M - €50M as on Dec 31, 2020
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $321M
- Employee Count: 421 as on Aug 31, 2026
- Investors: Sanofi, Mubadala and 18 Others
- Latest Funding Round: Grant (prize money), Jan 01, 2023, $*****
- Highlight: Editors' Pick
4. Attention
Developer of software automating sales workflows and customer conversation analysis. This platform records, transcribes, and summarizes business meetings to extract actionable insights. It integrates with customer relationship management systems to update data automatically and generate follow-up communications. The software provides tools for evaluating sales performance through automated scorecards based on established methodologies. It captures and organizes information from interactions to assist in pipeline management and forecasting.
Key facts about Attention
- Founded Year: 2021
- Location: New York City (United States)
- Stage: Series B
- Total Funding till date: $44M
- Employee Count: 99 as on Aug 31, 2026
- Investors: 645 Ventures, Liquid 2 Ventures and 7 Others
- Latest Funding Round: Series B, Mar 31, 2026, $*****
- Highlight: Editors' Pick
5. PayFit
Cloud-based payroll management and HR management solutions for businesses. It offers solutions for wage management, expense reporting, employee management, leave management, workflow management, onboarding, organizational management, and more. It is the tool available on the subscription-based pricing model.
Key facts about PayFit
- Founded Year: 2016
- Location: Paris (France)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $496M
- Employee Count: 768 as on Aug 31, 2026
- Investors: General Atlantic, Sylvain Zimmer and 20 Others
- Latest Funding Round: Series E, Jan 06, 2022, $*****
- Highlight: Editors' Pick
Frst Capital's Year-on-Year Investment Trends
Frst Capital has invested in 52 companies over the last 11 years, with an average of 4 new investments annually in the last 10 years. In 2025, it made 5 investments, while as of Sep 2026, it has made 5 investments in this year. Its most recent first time investment was in Opio and most recent follow-on round was in Parallel.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 4 | 1 | 5 |
2025 | 3 | 2 | 5 |
2024 | 8 | 1 | 9 |
2023 | 8 | 2 | 10 |
2022 | 5 | 1 | 6 |
2021 | 6 | 2 | 8 |
2020 | 1 | 1 | 2 |
2019 | 1 | 0 | 1 |
2018 | 3 | 0 | 3 |
2017 | 1 | 1 | 2 |
Frst Capital's Investments by Stage
Frst Capital has made 26 investments in Seed stage with an average round size of $7.71M, 15 investments in Series A stage with an average round size of $16.1M and 1 investment in Series C stage with an average round size of $78.4M.Stage of entry | No. of Investments |
|---|---|
Seed | 26 |
Series A | 15 |
Series C | 1 |
Note: We have considered here, only first round of investments
Frst Capital's Investments by Sector
Frst Capital has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Vertical SaaS, FinTech and Consumer. Notably, it has invested in 43 Tech companies, 37 Enterprise (B2B) companies, 32 Software companies and at least 25 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 28 |
High Tech | 12 |
Vertical SaaS | 12 |
FinTech | 10 |
Consumer | 6 |
Others | 49 |
Note: We have considered here, only first round of investments
Frst Capital's Investments by Geography
Frst Capital has made most investments in France (30), followed by United States where it has made 5 investments.Country | No. of Investments |
|---|---|
France | 30 |
United States | 5 |
Luxembourg | 2 |
United Kingdom | 2 |
Singapore | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Frst Capital's recent investments
Frst Capital has made 5 investments in 2026 so far. Opio and Uncovr are the latest among them.Here are the most recent investments by Frst Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 16, 2026 | France | Series A | 9082 | [+1] | |
Jun 10, 2026 | - | Seed | 8746 | [+6] | |
May 05, 2026 | United States | Seed | 5746 | [+7] | |
Apr 14, 2026 | Luxembourg | Seed | 6588 | [+5] | |
Mar 19, 2026 | France | Series A | 7448 | [+4] |
Unicorns in Frst Capital's Portfolio
Frst Capital has 4 unicorns in its portfolio - Poolside, Pigment, PayFit and others. The most recent unicorn in their portfolio is Poolside. It became a unicorn in 2024, 1 years after Frst Capital first invested in it.Here is a list of unicorns in Frst Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
59 | Developer of artificial intelligence models and systems for software engineering | 2023 | San Francisco | Series C | kzpkckq | ||
73 | Business planning and project management platform for businesses | 2019 | Paris | Series D | asvfmoo | ||
64 | Cloud-based payroll management solution | 2016 | Paris | Series E | lfxsorn | ||
71 | AI generative biology company to create the new standard of biology reasoning | 2016 | Paris | Series B | ubdimnm |
IPOs and Publicly Listed companies in Frst Capital's Portfolio
1 of Frst Capital's portfolio company became public - LightOn. It got listed on the Euronext Exchange (Euronext), in Nov 2024 at marketcap of $65.2MHere are Frst Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 26, 2024 | - | - | 5924 |
Acquired companies in Frst Capital's Portfolio
7 companies from Frst Capital's portfolio have been acquired. The most recent acquisition was Doctrine in Jun 2026 by RELX for $*****.Here are Frst Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 25, 2026 | Jun 29, 2018 | Series A | 6799 | |
Dec 18, 2025 | Nov 16, 2023 | Seed | 9902 | |
Mar 19, 2025 | Jun 07, 2022 | Series A | 8045 | |
Apr 22, 2024 | - | - | 3734 | |
Nov 06, 2023 | - | - | 5900 |
Team profile of Frst Capital
Frst Capital has a team of 7 members including 1 Partner, 2 Venture Partners and 1 Principal located in France and United States. Frst Capital's team does not sit on the board of any company as of now.Here is a list of all team members in Frst Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Paris | - | ||
Venture Partner | - | - | ||
Venture Partner | San Francisco | - | - | |
Principal | France | - |
Co-investors of Frst Capital
Over the past 11 years, 298 investors have co-invested in Frst Capital's portfolio companies. This includes funds and angels.
- Invested before Frst Capital: Otium Capital, The Family and 25 others have invested in rounds before Frst Capital. There are 3 companies where Otium Capital has invested before Frst Capital and 2 companies where The Family has invested before Frst Capital.
- Top Co-investors of Frst Capital: 153 investors entered a company along with Frst Capital. These include investors like Kima Ventures (12 companies).
- Invested after Frst Capital: A total of 118 investors have invested in Frst Capital's portfolio after their investments. Top Investors include Bpifrance (4 companies), Blossom Capital (2 companies) and DST Global (2 companies).
Recent News related to Frst Capital
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Opio raises €4 million to transform financial due diligenceJ'aime les Startups•Sep 16, 2026•Opio, Frst Capital, Seedcamp, Global Founders Capital
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Robinhood Announces Launch of Ventures Fund IICryptonews•Jul 24, 2026•Robinhood, Frst Capital, KelAI, Y Combinator
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Uncovr raises €6 million to bring AI analysis to surgical proceduresFrenchWeb•Jun 10, 2026•Index Ventures, No Label Ventures, Frst Capital, Entrepreneurs First and 3 others
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Warsaw-based Elastics raises €1.7 million to build AI agents for prediction marketsEU-Startups•May 05, 2026•Frst Capital, Elastics, Elastic
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Helical Raises $10M For Virtual AI LabStartupNews•Apr 14, 2026•Frst Capital, Helical, Gradient Ventures, BoxGroup and 6 others
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Hospital administrative AI agent ‘Parallel’ attracts $20 million Series A investmentWowtale•Mar 20, 2026•Parallel, Hexa, Frst Capital, Y Combinator and 1 other
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Depot Raises $10M in Series A FundingFinSMEs•Mar 11, 2026•Depot, Pioneer Fund, Y Combinator, Felicis Ventures and 4 others
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Freeda Secures €3.4 Million to Revolutionize Construction Plan Verification with AIStartup Rise EU•Nov 06, 2025•Freeda, Frst Capital, Brick & Mortar Ventures, Freeda
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Spiko raises €18.5 million from Index VenturesAGEFI•Jul 17, 2025•Spiko, Index Ventures, White Star Capital, Frst Capital and 3 others
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Parallel raises €3.2 million to free hospitals from bureaucracyFrenchWeb•Apr 03, 2025•Frst Capital, Y Combinator, Bpifrance, Kima Ventures and 1 other
