Frst is a seed-stage VC firm focused on supporting a new generation of European entrepreneurs with global ambitions.
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Ida uses AI to prevent grocery food waste
French startup Ida uses AI to help supermarkets and grocery stores optimize orders of fresh products and prevent food waste. Its system is aimed at ordering fruits, vegetables, meat, poultry, and fish. Ida recently raises a $2.9 million (€2.7 million) seed round from Frst, Daphni, Motier Ventures, and Kima Ventures.
Nov 2023 · TechCrunchNews article
French VC firm Frst reaches $80 million first close for its new seed fund
Paris-based venture firm Frst reaches a first close of €72 million for its new seed fund, Frst 3. The firm expects to raise up to €100 million, with backing from the European Investment Fund, Bpifrance’s Fonds National d’Amorçage 2, Axa Venture Partners, Isomer, and individual investors. Frst plans to invest €1 million to €3 million in around 30 companies and sees artificial intelligence as a source of startup opportunities.