First Drop
First Drop VC is an Impact Venture Capital firm that invests in early-stage technological startups focused on addressing global challenges, particularly in climate action, social well-being, and sustainable development. Founded in 2022 by Alejandro Valero and Manuel Nieto Arias, the firm is headquartered in Luxembourg and operates its acceleration center in Valencia, Spain. This structure allows First Drop VC to support startups with in-person resources while accessing European capital markets. The firm specializes in pre-seed and seed-stage investments, targeting B2B software and hardware co
Investing activity
First Drop appears in 1 AI deal tracked by the Lounge deals desk, and led 1 of them. The rounds are mostly Seed, with a median round size of $2M. The most recent is Golden Owl (Seed, €1.4M, Apr 2026).
First Drop most often invests alongside Empresa Nacional de Innovación and CDTI, and the companies it backs on Lounge are mostly in AI.
Deals
Frequently asked questions about First Drop
What AI companies has First Drop invested in?
First Drop's AI investments include Golden Owl. The 1 round on Lounge are listed on this page with amounts, dates and co-investors.
Where is First Drop based?
First Drop is based in Valencia, Valencian Community, Spain.
What stage does First Drop invest at?
In the rounds tracked on Lounge, First Drop has invested at Seed, with a median round of $2M. First Drop led 1 of those rounds.
Who does First Drop co-invest with?
First Drop's most frequent co-investors on Lounge are Empresa Nacional de Innovación (1 deal) and CDTI (1 deal).
How can founders reach First Drop?
Founders on Lounge can see First Drop's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add First Drop to their Investor Pipeline to track the conversation.