FRST Capital

About FRST Capital

Frst Capital is a Paris-based seed-stage venture capital firm with $200 million of assets under management as of December 2024, founded in 2015. The firm focuses on supporting a new generation of European entrepreneurs with global ambitions, having deployed capital into 70 portfolio companies including 4 unicorns across the multi-vintage seed-stage programme.

Investment thesis

Frst Capital targets European technology startups at seed stage with global ambitions, deploying capital across enterprise software, fintech, marketplace platforms and selective consumer technology verticals. Equity ticket sizes typically range from €500 thousand to €3 million per seed investment, with selective follow-on commitments supporting portfolio companies through Series A. The seed-stage focus enables Frst Capital to capture European technology innovation at inception.

Recent activity

Recent realised exits include Castor (software, 2025), reflecting selective distribution across the early-stage portfolio. The platform tracks 3 funds, 13 active portfolio companies and 1 realised exit across the multi-vintage European seed VC programme.

Frequently asked questions

What investment strategy does FRST Capital focus on?

FRST Capital focuses on VC strategies in the private equity space.

How many portfolio companies does FRST Capital have?

FRST Capital has 36 active portfolio companies and 5 completed exits and 3 funds tracked on GP Intel.

Where is FRST Capital headquartered?

FRST Capital is headquartered in PARIS, France.

When was FRST Capital founded?

FRST Capital was founded in 2018.

What sectors does FRST Capital invest in?

FRST Capital invests across Software, Financials, Healthcare, Business Services, TMT.

What are FRST Capital's recent exits?

Recent realized exits by FRST Capital include: Doctrine (2026) to RELX; Castor (2025) to Coalesce; Ida (2025) to RELEX; LightOn (2024) to IPO (Euronext Growth Paris); Semper (2023) to Crowdcube.