Executive Overview

• The Mission: Frst is a premier high-conviction venture capital firm specializing in seed and pre-seed investments. Acting as the "Day One" institutional partner for elite entrepreneurial talent, they provide the capital necessary to launch category-defining enterprises from their very inception, fostering partnerships intended to span a decade or more.
• The Strategic Edge: The firm's competitive advantage lies in its unparalleled agility and aggressive risk profile. By committing to investment decisions within just two meetings and 48 hours—frequently before a startup is even incorporated—they eliminate the friction and distraction of protracted fundraising cycles. This operational velocity allows founders to shift focus from pitching to building immediately.
• The Methodology: Frst identifies visionary founders and provides a substantial initial capital injection, averaging $2 million. Utilizing their $100 million third fund (Frst 3), they deploy capital at the earliest possible stage, serving as a responsive and fully aligned strategic counterpart.
• The Pedigree: Founded by Bruno Raillard and Pierre Entremont in 2019, the firm builds upon a decade-long partnership that began with the launch of Otium Venture in 2015. Collectively, the partners have deployed $200 million across 70 portfolio companies.
• Target Founders: Visionary early-stage entrepreneurs, "Day One" founders, and pre-incorporation startups operating across high-impact sectors including Artificial Intelligence, Healthcare, Enterprise Software, and Fintech.
• Market Positioning: Frst occupies the absolute earliest stage of the venture lifecycle. Within the French and European ecosystems, they serve as the vital bridge between pure ideation and institutional scaling, acting as a primary catalyst for nascent, high-potential concepts.

### Distinctive Advantages

• Unrivaled Efficiency: The vast majority of investment decisions are finalized within a 48-hour window.
• Pure Genesis Conviction: A proven willingness to invest prior to the existence of a formal team, a minimum viable product (MVP), or legal incorporation.
• Proven Portfolio Success: Their 70 portfolio companies, including industry leaders such as Pigment, PayFit, Owkin, and Shippeo, have collectively secured over $3.5 billion in subsequent funding.