Our momentum will help you go a long way
Our approach focuses on combining investments ranging from €50,000 to €200,000 with a complimentary and flexible support program. This program is designed to work closely with our portfolio of invested companies, offering adaptive training and networking opportunities. We attract founders from all over Europe, investing in innovative startups in sectors such as food, transport, software, energy, agriculture, education, and the circular economy, among others. Our goal is to guide founders to collaborate closely with other successful entrepreneurs and investors, thereby maximizing their potential.
Implementation and selection
The fund members will select the best startups that combine impact and profitability.
Due Diligence
Detailed analysis of the investment committee consisting of two meetings to decide the 12-15 startups selected for the Campus First Drop with the accelerator team and the fund's LPs.
Campus First Drop
During 3 days the selected startups will do team building dynamics, learn how the acceleration programme will work, set the objectives to be achieved during the programme and have mentoring with investors and entrepreneurs who are First Drop investors.
Selection and investment
The best 7-10 companies will be selected to start the acceleration programme and will be paired with the LP's own mentors during the programme. They will receive the first investment of €50,000 to achieve their goals during the 3 months of the programme.
Acceleration program
Over 90 days, the startups will receive a tailor-made programme with top mentors and masterclasses to work on impact measurement, investment readiness, growth, sales, presentation skills, organisational development, marketing and technology.
Demo day
At the end of the programme, a Demo day will be held to present the projects to other BAs and VCs and an investment committee will be set up with First Drop to invest €150,000 in the best projects.
Follow On
The fund may invest up to €500,000 in the next round in the best projects in the portfolio.
Mentors
Leif Ferreira
CEO en Bit2Me
Jose Carlos Cortizo Perez
Autor de PsychoGrowth // Especialistas en Growth
Alexander Paruschke
Managing Partner apcore
Julio Ribes
CEO Swipcar ADQ by Cazoo
Daniel Nieto
Vice-president Mastercard
Javier Megias
Managing Partner EMEA Fund at Plug&Play
Jesús Alonso
Cupido Capital
Joan Álvarez
CEO Hannun
Juanjo Traver Radiu
CFO & Co-founder Declarando
A face-to-face programme tailored to the needs of your startup
One-to-one with experts
You´ll receive support of experts on topics such as impact measurement, investment readiness, growth, sales, presentation skills, organisational development, marketing and technology.
Ecosystem
We believe in the power of networking and synergies, in the place where things happen, in the importance of being together and working side by side.
Some of the programme's mentors
Alicia Rubi, Josep Casas, Joan Alvarez, Julio Ribes, Alejandro Valero, Juanjo Traver and many more.
Question and answers
Implementation and selection
First Drop will select the best startups that combine impact and profitability.
Due Diligence
Detailed analysis by the investment committee, which will involve in-depth meetings to decide on the startups selected for investment.
First Drop Ecosystem
Upon receiving the investment, the startups will benefit from personalized mentorship, training, and will set their goals within the support program. They will receive guidance from a diverse network that includes both national and international impact funds, founders, and entrepreneurs, many of whom are also investors in First Drop. This environment is designed to encourage collaboration and knowledge sharing, thereby strengthening synergies within our community.
Selection and investment
The companies receive not only a minimum of €50k in initial investment to achieve their goals but are also paired with the LPs and partners themselves who will serve as mentors during the support program.
Support program
Over 90 days, the startups enjoy a tailor-made program with top-tier mentors and will work on areas such as impact measurement, investment readiness, growth, sales, presentation skills, organizational development, marketing, or technology.
Demo day
At the end of the program, a Demo Day will be held to showcase the projects to other Business Angels and Venture Capitalists, and an investment committee with First Drop will convene to invest an additional €150,000 in the top projects.
Follow On
The fund may invest up to €800,000 in the next round in the best projects in the portfolio.
What makes First Drop better?
While there are other impact funds, and various accelerator programmes, very few focus specifically on impact measurement, the levers for maximising impact, and the nature of this ecosystem. Of course, none of them bring together investment and specialised acceleration with great founders like you. We specialise in that and understand the obstacles such companies face.
Will you sign a confidentiality agreement?
No, we do not sign NDA agreements at this stage. We commit to the strictest control systems and compliance during our due diligence, and we ourselves are subject to strict auditing measures and best practices as a regulated fund
What does the support program entail?
The support program is a free, 3-month, fully personalized, one-to-one initiative that allows startups to continue operating their business while participating flexibly, either in person or online.
What are the investment criteria?
We invest in pre-seed startups with exceptional teams solving global challenges in large markets. First Drop invests between €50k and €200k in exchange for 5-10% of the company’s equity. The maximum valuation at which we invest is €2.5M.
We have previously raised some funding. Are we still eligible to apply?
Yes, Many of our portfolio companies have raised previous funding prior to attending our programme. Let us know more about this if you are selected for an interview with us.
Does it cost money to participate in the support program?
No, all the costs of the programme are borne directly by First Drop. We have created a programme by founders for founders that brings a lot of value to entrepreneurs, but at the heart of all our decisions is the solvency of the startup and the impact it will have on society.
Do you invest in the companies selected and what are the terms?
Yes – we invest in all the companies selected to take part in our programme. Our standard investment terms are a 50,000-200,000 Euro investment with a possible follow on of 800.000€.
Can we apply if we have previously graduated from another accelerator?
We find that while there are many accelerators out there, not all of us are focused on the same area of “acceleration.”
If you have previously participated in an accelerator program, tell us about it and we’ll do our best to help you make an informed decision on whether our programme fits your needs.
hello@firstdropvc.com