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First Drop VC is a venture capital firm established in Spain, dedicated to sustainable social impact investments. Founded to support early-stage startups, the firm focuses on addressing pressing social and environmental issues through strategic investments. The firm aims to transform the future by backing innovative companies that prioritize both financial returns and significant societal benefits.
Currently, First Drop VC operates with a team of experienced professionals and has a clear focus on the European market. The firm invests between €100,000 and €300,000 in initial funding, with the potential for over €1 million in follow-on investments. This approach allows them to support startups through various stages of growth while ensuring that their investments align with their mission of creating positive change.
First Drop VC has established a Support Program to assist portfolio companies in defining impact metrics and scaling their business models. This program emphasizes the integration of social and environmental considerations into business strategies, reinforcing the firm's commitment to sustainable development.
First Drop VC specializes in investing in early-stage startups at the pre-seed and seed stages, with a specific focus on the climate and social sectors. The firm invests between €100,000 and €300,000 initially, with the possibility of providing over €1 million in subsequent funding rounds. This investment strategy is designed to support startups that not only seek financial returns but also aim to create significant social and environmental impact.
The firm employs a robust Theory of Change to evaluate each startup's potential contribution to a sustainable future. This framework guides their investment decisions, ensuring that they back companies that align with their mission of fostering positive societal change. First Drop VC looks for founders who are committed to addressing social and environmental challenges and who demonstrate a clear vision for their impact.
First Drop VC's portfolio includes a diverse range of startups focused on climate innovation and social inclusion. Each company is rigorously evaluated for its financial viability and its potential to create lasting impact. The firm emphasizes the importance of both financial returns and transformative outcomes in its investment strategy.
Some notable areas of focus within their portfolio include:
Through its Support Program, First Drop VC assists portfolio companies in defining impact metrics, scaling their business models, and integrating social and environmental considerations into their operations.
Manuel Nieto - Co-Founder & Managing Partner. Manuel has extensive experience in venture capital and impact investing, focusing on sustainable development.
Alejandro Valero - Co-Founder & General Partner. Alejandro brings a wealth of knowledge in early-stage investments and social entrepreneurship.
Orfeo Balboa - Partner & Investment Manager. Orfeo specializes in evaluating startups for their financial viability and impact potential.
Irene González - Investment Analyst. Irene supports the investment team with market research and analysis of potential portfolio companies.
Alicia Rubí - Sustainability Partner, Strategy & Transactions at EY. Alicia provides expertise in sustainability and impact measurement.
María Ángeles León - Co-Founder at Global Social Impact Investments & Open Value Foundation. María Ángeles has a strong background in social impact investing.
Agustín Vitórica - Founder and Co-CEO at GAWA Capital. Agustín has experience in managing investments focused on social and environmental outcomes.
Gorka Goikoetxea - Manager at GAUDE Association. Gorka contributes to the firm's understanding of social inclusion initiatives.
To pitch First Drop VC, founders should visit their website at First Drop VC. The firm prefers detailed pitch decks that include information on the business model, impact metrics, and growth strategy. Founders should highlight their commitment to social and environmental challenges and provide evidence of financial viability.
While specific application forms or portals are not mentioned, it is advisable to reach out through the contact options available on their website. Response times may vary, so founders should be prepared for potential follow-up discussions.
First Drop VC runs a Support Program designed to assist portfolio companies in defining impact metrics, scaling their business models, and integrating social and environmental considerations into their operations. This program is aimed at enhancing the overall impact and success of the startups they invest in.
Eligibility for the Support Program includes being a portfolio company of First Drop VC, with a focus on startups that are committed to creating positive social and environmental impact. Interested startups can apply through the firm's website.
As of March 2023, First Drop VC continues to actively support its portfolio companies through its Support Program, which focuses on defining impact metrics and integrating social and environmental considerations into business strategies. The firm remains committed to investing in early-stage startups that address pressing social and environmental challenges.
Recent activities include ongoing evaluations of potential investments in the climate innovation and social inclusion sectors, aligning with their mission to foster sustainable development in Europe.
What are First Drop VC's investment criteria?
First Drop VC invests in early-stage startups at the pre-seed and seed stages, focusing on companies that address social and environmental challenges. They look for startups that can demonstrate both financial viability and a commitment to creating positive social impact.
How can startups apply or pitch to First Drop VC?
Startups interested in pitching to First Drop VC can visit their website at First Drop VC. The firm encourages potential applicants to provide detailed information about their business model, impact metrics, and growth strategy.
What makes First Drop VC different from other venture capital firms?
First Drop VC differentiates itself by focusing exclusively on sustainable social impact investments. Their commitment to integrating social and environmental considerations into their investment strategy sets them apart from traditional venture capital firms.
What is the geographic scope of First Drop VC's investments?
The firm primarily invests in startups based in Europe, allowing them to support local entrepreneurs who are addressing regional social and environmental issues.
What is the typical check size for investments?
First Drop VC typically invests between €100,000 and €300,000 in initial funding, with the potential for over €1 million in follow-on investments for promising startups.
What kind of support does First Drop VC provide to its portfolio companies?
First Drop VC offers a comprehensive Support Program that assists portfolio companies in defining impact metrics, scaling their business models, and embedding social and environmental considerations into their operations. This support is designed to enhance the overall impact and success of their investments.
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