First Drop VC

firstdropvc.com ↗ ·Valencia ·Invests Pre-seed – Seed

Impact-focused venture capital fund investing in pre-seed and seed-stage startups whose business models align with the UN Sustainable Development Goals. Sector-agnostic (fintech, proptech, health, insurtech, climate, food/agtech), it pairs capital with a hands-on 90-day support program covering strategy, go-to-market, and fundraising. Founded by the co-founders of Alma Capital Partners; fund vehicle domiciled in Luxembourg with operations run out of Valencia, Spain.

Tracked portfolio
18
Team
18
AUM
n/a
Rounds
16
Cheque
€100K–300K
SectorsImpact / SDG-aligned, Climate, Health, Fintech, Food & Agtech, Enterprise Software VC MapSeed
deals by stage16
Pre-seed7Seed9

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Team

Manuel Nieto
Co-Founder & Managing Partner
Alejandro Valero
Co-Founder & General Partner
Orfeo Balboa
Partner & Investment Manager

Portfolio companies 18

Open 18 as list → On map →

Funding rounds 16

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DateCompanyRoundAmountLead

Often invests with 25

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PublishedArticle
2026-11-02 Dealflow #533: Gameto (Varsavsky) $1.4B deal. Lightspeed's 3rd investment in Spain (XploreAI). Perk expects $450M in revenue this year. ↗
2026-11-01 Talky Labs, YK-Robotics y Ball Inn captan financiación ↗
2026-10-29 Draper B1 y First Drop lideran ronda de €1 millón en YK-Robotics para que cualquier celda robótica se programe con palabras ↗
2026-05-18 UAE-based eVoost AI expands globally after $2.2M funding round ↗
Wamda
2026-05-18
2026-02-12 First Drop supera los 19 M€ en su fondo gracias a la inversión de 8,3 M€ de la SETT para impulsar startups de impacto ↗
El Referente
2026-02-12
2026-01-24 The First Drop fund closes 2025 with €7.4 million invested across 23 transactions ↗
Capital-Riesgo.es
2026-01-24
2025-12-24 Spanish SaaS platform Stowlog raises €1 million to drive the digitisation of safety and security in port logistics ↗
EU-Startups
2025-12-24
2025-10-15 10 exceptionally promising Valencia-based startups to watch in 2025 and beyond ↗
EU-Startups
2025-10-15
2023-05-05 Valencia's First Drop VC announces its inaugural cohort of impact-focused startups ↗
Novobrief
2023-05-05
2022-11-24 Manuel Nieto: propósito de impacto, voluntariado de 'fundraising' ↗
El Español/Invertia
2022-11-24
2022-11-15 Alma Capital founders launch First Drop VC to invest up to €25 million in impact startups ↗
Novobrief
2022-11-15
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