AIBiotech & Life SciencesCybersecurityDefense & SpaceClimate & EnergyEducationE-Commerce & MarketplaceEnterprise Software
Frst is a Paris-based seed-stage venture capital firm that acts as a 'Day One' investor, often providing term sheets before companies are incorporated. It invests in a new generation of French entrepreneurs with global ambitions across multiple sectors including AI, biotech, cybersecurity, and enterprise software.
Deal activity decreased year-over-year (2 deals in the last 12 months vs 4 prior). Their most common stage is seed (53% of deals). Average disclosed round size is $21.0M (across 38 rounds with reported amounts).
Portfolio
46
Fund Size
$100M
Top Stage
Seed
Last 12 Mo
2
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
57 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Helical | Seed | $10M | Jan 2026 |
 UNCOVR | Seed | — | Jan 2026 |
 Parallel | Series B | $100M | Jan 2026 |
 Parallel | Series A | $20M | Jan 2026 |
 Uncovr | Unknown | $7M | Jan 2026 |
 Helical | Seed | $10M | Jan 2026 |
| Parallel | Seed | $2.4M | Oct 2025 |
 Parallel | Seed | $2.4M | Oct 2025 |
 Casap | Seed | — | Aug 2025 |
 Spiko | Series A | — | Jul 2025 |
 Orasio | Seed | — | May 2025 |
 Parallel | Seed | $3.5M | Apr 2025 |
 Pelikan Mobility | Seed | $4.4M | Mar 2024 |
 Bioptimus | Seed | $35M | Feb 2024 |
| Helical | Unknown | — | Jan 2024 |
| Spiko | Pre-Seed | — | Jan 2024 |
| Helical | Unknown | — | Jan 2024 |
 IDA | Seed | $2.9M | Nov 2023 |
 Orus | Series A | $11.6M | Oct 2023 |
| PPoolside AI | Seed | — | Aug 2023 |
 Polar Analytics | Series A | $9M | Jul 2023 |
 Escape | Seed | $3.9M | Jun 2023 |
| BBastion Cyber | Seed | — | Apr 2023 |
 Oneleaf | Seed | $5.1M | Jan 2023 |
 Narval | Seed | $4M | Jan 2023 |
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Top Co-Investors
Kima Ventures11 shared
Bpifrance9 shared
Index Ventures9 shared
Y Combinator8 shared
Eurazeo6 shared
Blossom Capital5 shared
Motier Ventures4 shared
Seedcamp4 shared
Redalpine4 shared
BoxGroup4 shared
DST Global3 shared
Accel3 shared
Techstars3 shared
private angel investors3 shared
Speedinvest3 shared
XAnge3 shared
Headline3 shared
Eniac Ventures3 shared
Global Founders Capital3 shared
First Round Capital2 shared
Last updated: 7 October 2026