Investor

First Drop VC

firstdropvc.com ↗ ·Valencia ·Early stage ·Actively investing

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.

Portfolio
16
Team
4
AUM
n/a
Rounds
11
Cheque
€100K–300K (follow-on >€1M)
SectorsImpact / SDG-aligned, Climate, Health, Fintech, Food & Agtech, Enterprise Software VC MapSeed

Profile updated 18 Jul 2026

Team

Partners 3 Investment Team 1 Others 0
Alejandro Valero
Co-Founder & General Partner
Manuel Nieto
Co-Founder & Managing Partner
Orfeo Balboa
Partner & Investment Manager
Irene González
Investment Analyst
No one in this group yet.

Portfolio companies 16

Agrow Analytics
agrowanalytics.com
Company Seed Málaga
Bleta
bleta.io
Company Seed Barcelona
Centros Torguet
centrotorguet.com
Company Seed Terrassa
Ealyx
ealyx.com
Company Seed Barcelona
Emendu
emendu.com
Company Seed Valencia
eVoost AI
evoost.ai
Company Series A Abu Dhabi
Fresh Greens
freshgreens.es
Company Seed Madrid
Golden Owl
goldenowl.ai
Company Seed Alicante
Lubets
lubets.com
Company Seed Madrid
MiniTales
minitales.app
Company Pre-seed Madrid
Motoreto
web.motoreto.com
Company Seed Madrid
Nominis
nominis.es
Company Seed Barcelona
Ovianta
ovianta.com
Company Pre-seed Barcelona
Pragmatech AI Solutions
pragmatech.ai
Company Seed Oviedo
Stowlog
stowlog.com
Company Seed Castellón de la Plana
Ziknes
ziknes.com
Company Seed Godella

Funding rounds 11

eVoost AI · Seed · €2M
eVoost AI closed a €2M ($2.2M) round led by Spanish/Luxembourg impact fund First Drop VC, which put in €1M — its largest single investment t…
2026-05-06
Golden Owl · Seed · €1.4M
Golden Owl (Datintel S.L.), a deeptech based at the Alicante Science Park, raised a €1.4M seed round led by impact fund First Drop, complete…
2026-04-09
Pragmatech AI Solutions · Seed · €655K
Oviedo-based healthtech Pragmatech AI Solutions closed a €655,000 financing round led by Valencia-based First Drop VC (€300,000), with Astur…
2025-12-30
Stowlog · Seed · €1M
Stowlog, a spin-off of Castellón-based technology consultancy Estudio Cactus, closed a €1 million seed round led by Draper B1 with participa…
2025-12-22
Ovianta · Pre-seed · €540K
Ovianta, founded in 2024 to build AI tools that support doctors before, during and after consultations and cut administrative burden, closed…
2025-03-17
Bleta · Seed · €500K
Bleta, which makes a simplified tablet, app and digital-training service to bring elderly people online, raised more than €500,000 led by im…
2025-02-27
Ziknes · Seed · €1M
Ziknes, which turns industrial robots into large-format 3D printers using up to 80% recycled materials, raised €1M in a round co-led by Akka…
2024-11-27
Ealyx · Pre-seed · €880K
Ealyx, founded in 2024, closed an €880,000 equity pre-seed round for its checkout plug-in that lets shoppers pay for new purchases partly wi…
2024-04-15
Agrow Analytics · Seed · €650K
Málaga-based Agrow Analytics raised €650K in a seed round co-led by GoHub Ventures, Demium Capital and First Drop, with no single lead named…
2024-01-30
Nominis · Seed · €340K
Edtech Nominis, which runs an autonomous digital language-learning platform for primary school children, closed a €340,000 second round led …
2023-09-28
Motoreto · Seed · €1.4M
Used-car distribution marketplace Motoreto closed a €1.4 million seed round with OK Venture, First Drop VC, Fides Capital, Core Angels Lisbo…
2023-07-06

News & media 8

PublishedArticle
2026-05-18 UAE-based eVoost AI expands globally after $2.2M funding round ↗
Wamda
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
2026-01-24 The First Drop fund closes 2025 with €7.4 million invested across 23 transactions ↗
Capital-Riesgo.es
2025-12-24 Spanish SaaS platform Stowlog raises €1 million to drive the digitisation of safety and security in port logistics ↗
EU-Startups
2025-10-15 10 exceptionally promising Valencia-based startups to watch in 2025 and beyond ↗
EU-Startups
2023-05-05 Valencia's First Drop VC announces its inaugural cohort of impact-focused startups ↗
Novobrief
2022-11-24 Manuel Nieto: propósito de impacto, voluntariado de 'fundraising' ↗
El Español/Invertia
2022-11-15 Alma Capital founders launch First Drop VC to invest up to €25 million in impact startups ↗
Novobrief
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