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The Venture Codex

First Drop VC

C/ de Conca, 138, Valencia, Comunidad Valenciana, 46007, Spain

Overview

Venture capital firm investing in pre-seed and seed stage startups.

Founded

2022

Deals · 12mo

5

Links

WebsiteLinkedIn

Stage focus

Seed

Geographic focus

Spain
United Arab Emirates
United States

Sector focus

—

Investment portfolio

10rounds
NAMEDATESIZE
eVoost
May 2026Led
$2 MOther Equity
Golden Owl
Apr 2026Led
$2 MSeed
Stowlog
Jan 2026Participated
$1 MSeed
Pragmatech
Dec 2025Led
$0.77 MOther Equity
Hair Up Laser
Nov 2025Led
$1 MOther Equity
Centros Torguet
Sep 2025Led
$1 MOther Equity
Ealyx
Apr 2024Participated
$0.94 MOther Equity
Agrow Analytics
Jan 2024Led
$0.70 MSeed
Motoreto
Jul 2023Participated
$2 MSeed
Motoreto
May 2023Led
$497 MOther Equity
eVoost
May 2026Led
$2 MOther Equity
Golden Owl
Apr 2026Led
$2 MSeed
Stowlog
Jan 2026Participated
$1 MSeed
Pragmatech
Dec 2025Led
$0.77 MOther Equity
Hair Up Laser
Nov 2025Led
$1 MOther Equity
Centros Torguet
Sep 2025Led
$1 MOther Equity
Ealyx
Apr 2024Participated
$0.94 MOther Equity
Agrow Analytics
Jan 2024Led
$0.70 MSeed
Motoreto
Jul 2023Participated
$2 MSeed
Motoreto
May 2023Led
$497 MOther Equity
10
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Insights

Time horizon

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Deal Distribution

First Drop VC: 10 funding rounds are recorded in the selected participation categories.All available history.
First Drop VC: 10 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed22
Other Equity51

Monthly Deal Activity

First Drop VC: 10 deals are recorded across 42 months.All available history.
First Drop VC: 10 deals are recorded across 42 months. All available history
MonthDeals
May '231
Jun '230
Jul '231
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '241
Feb '240
Mar '240
Apr '241
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '251
Oct '250
Nov '251
Dec '251
Jan '261
Feb '260
Mar '260
Apr '261
May '261
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

First Drop VC: E-Commerce & Retail is the largest displayed sector by deal count (3 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

First Drop VC: E-Commerce & Retail is the largest displayed sector by deal count (3 deals). All available history
SectorDeals
E-Commerce & Retail3
Health & Life Sciences3
Enterprise Software2
Fintech2
Clean Energy & Sustainability2
Transportation & Logistics2
Networks, Cloud & Communication1
Cybersecurity & Privacy1
Food & Agriculture1
AI & Machine Learning1
Professional Services1
Data, Analytics & IT1
Developer Tools1

Deal Size Distribution

First Drop VC: 10 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

First Drop VC: 10 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M9
$5M-$10M0
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M1
$500M-$1B0
$1B+0

Deals By Geography

First Drop VC: Europe has the largest recorded deal count among the displayed regions (8 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

First Drop VC: Europe has the largest recorded deal count among the displayed regions (8 deals). All available history
RegionDeals
Europe8
United Arab Emirates1
United States1
First Drop VC: 20 co-investors are shown, with Demium Capital sharing 2 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

First Drop VC: 20 co-investors are shown, with Demium Capital sharing 2 recorded deals. All available history
Co-investorShared deals
Demium Capital2
Enisa2
Archipelago Next1
Castiventures1
CDTI1
Coben Ventures1
CORE Angels Lisbon1
Cuatroochenta1
Draper B11
EconomistesBAN1
ESADE BAN1
Faraday Venture Partners1
Fides Capital1
GoHub Ventures1
Grupo Andr1
Lanai Partners1
OK Ventures1
Ona Capital1
Pinama1
Plug and Play Ventures1

Investment Strategy

First Drop VC: Led accounts for 70% and participating for 30% of round participation.All available history.
First Drop VC: Led accounts for 70% and participating for 30% of round participation. All available history
CategoryDeals (count)Share (%)
Led770%
Participating330%
First Drop VC: Single-lead accounts for 71% and co-led for 29% of lead dynamics.All available history.
First Drop VC: Single-lead accounts for 71% and co-led for 29% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead571%
Co-led229%

Team

Manuel Nieto Arias

Co-Founder & General Partner