First Drop
Overview
First Drop is a pre-seed stage impact fund based in Valencia, Spain, focusing on startups that address significant social and environmental challenges. The fund aims to demonstrate that investing in companies with positive societal and environmental impacts can be profitable, targeting a return of 25%. It primarily invests in sectors such as the circular economy, agriculture, and energy. The fund is managed by Faraday Venture Capital SGEIC, S.A., a regulated fund management company supervised by the Spanish National Securities Market Commission (CNMV). Faraday has a decade-long track record in investing in innovative companies, with notable exits including Codigames, Habitissimo, and Signaturit. First Drop's investment strategy involves providing support and funding to early-stage startups, filling a crucial market need by focusing on pre-seed investments. In its inaugural cohort, First Drop invested in four Spanish startups: Motoreto, a platform promoting sustainable mobility; Colibid, a fintech startup streamlining the mortgage application process; Banbu, a natural cosmetics firm specializing in sustainable products; and Rehand, a rehabilitation innovation company. These investments reflect First Drop's commitment to supporting ventures that align with the United Nations Sustainable Development Goals (SDGs).
Investment Focus
- Startups addressing social and environmental challenges
- Pre-seed stage companies
- Alignment with United Nations Sustainable Development Goals (SDGs)
Portfolio Companies
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Frequently asked questions about First Drop
What sectors does First Drop invest in?
First Drop invests in Technology, Healthcare, Energy, Agriculture and Circular Economy, and is based in Valencia, Spain. First Drop is listed as a venture capital in the ConnectSafely investor database.
What stage does First Drop invest at?
First Drop backs companies at Pre-Seed, writing cheques of 50K - 150K.
Which regions does First Drop invest in?
First Drop invests across Spain.
What companies has First Drop invested in?
First Drop's portfolio includes Colibid, Motoreto, Banbu and Rehand.
Last updated · Source: ConnectSafely investor database
