Frst
French seed-stage VC firm ('Day One' investor, decisions within 48 hours); existing investor in Comand AI since its 2023 seed round, participated again in its €8.5M Dec 2024 seed round.
Paris-based seed-stage venture firm (secondary office in San Francisco) built for founders with global ambitions. Frst brands itself a 'Day One' investor — most investment decisions are made within two meetings and 48 hours, often before a company has a full team, product, or legal incorporation, prioritizing speed and conviction over diligence-heavy process. Evolved from Otium Venture, which co-founders Pierre Entremont and Bruno Raillard launched together in 2015; rebranded as Frst in 2019.
Overview
- Firm
- Frst
- Headquarters
- Paris, France
- Founded
- 2019
- AUM
- Not disclosed as a single figure — sources vary (frst.vc cites a $100M Fund III raised 2023 plus $200M cumulative deployed since inception; other trackers cite €150-200M under management)
- Stages
- Seed, Series A
- Thesis
- Seed-stage, pre-product/pre-team conviction bets on world-class founders; typical first check ~$2M with significant variance; deploys $100M+ since inception across 50-70 portfolio companies.
Portfolio companies1
Partners2
- FounderPierre EntremontCo-Founder and Partner at Frst, the Paris-based Day One seed-stage venture firm; co-launched its predecessor Otium Venture in 2015 with Bruno Raillard before spinning it out as Frst in 2019.
- FounderBruno RaillardCo-Founder and Partner at Frst, the Paris-based Day One seed-stage venture firm; co-launched its predecessor Otium Venture in 2015 with Pierre Entremont before spinning it out as Frst in 2019.
Frequently asked
- What is Frst?
- Seed-stage, pre-product/pre-team conviction bets on world-class founders; typical first check ~$2M with significant variance; deploys $100M+ since inception across 50-70 portfolio companies.
- How much does Frst manage?
- Frst manages Not disclosed as a single figure — sources vary (frst.vc cites a $100M Fund III raised 2023 plus $200M cumulative deployed since inception; other trackers cite €150-200M under management) in assets, and was founded in 2019.
- What stages does Frst invest at?
- Frst invests at Seed, Series A.
Sources & citations3
Each claim links to its underlying source. Confidence reflects how directly the source supports the claim.
- 1
Frst is a Paris-based Day One seed-stage venture firm, founded 2019, evolved from Otium Venture (2015)
Frst: Frst — Day One investorsVerified2026-08-09 - 2
Frst confirmed as investor in Comand AI's €8.5M seed round, Dec 2024
Sifted: Comand AI raises funding for battlefield softwareVerified2024-12-01 - 3
Frst, Kima Ventures, and Tiny VC backed Comand AI's earlier €3M seed round, 2023
Nordic9: Comand AI in a €3 million seed round backed by Frst, Kima Ventures, Tiny VC and business angels from FranceReported2023-07-11