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First Drop VC — Pre-Seed & Seed VC Firm

VC
Valencia, SpainProfile updated November 2026Website

First Drop VC is a Pre-Seed, Seed venture capital firm based in Valencia, Spain investing in Real Estate, Food / AgTech, Climate / Energy. The firm has 4 portfolio companies in our records.

Portfolio
4 companies on record
Partners
3 listed
Stage
Pre-Seed, Seed
Sectors
Real Estate, Food / AgTech, Climate / Energy
HQ
Valencia, Spain
Check size
Not in our records
AUM
Not in our records

Last verified: 2026-11-06

How to approach: cold outreach ok
Stage

Pre-Seed, Seed

Portfolio

4+ companies

Team

3 partners

Investment Thesis

First Drop VC is an impact-focused early-stage fund that invests in startups aligned with the UN Sustainable Development Goals across sectors including proptech, construction, climate, food, and agtech. It provides hands-on support for early go-to-market and fundraising.

How First Drop VC invests

First Drop VC is a vc firm based in Valencia, Spain. The firm invests at the Pre-Seed, Seed stages, with a focus on Real Estate, Food / AgTech, Climate / Energy.

Our records include 2 funds raised by the firm.

First Drop VC has backed 4 companies in our records, including Motoreto, Banbu, Rehand.

Partners & Team

OB

Orfeo Balboa

Investment Manager

U

Unknown

GP

PropTech
Construction Tech
AgTech
AV

Alex Valero

Co-Founder & Investment Committee Member

Industry Focus

Invests In

Real Estate
Food / AgTech
Climate / Energy

Funds

First Drop Fund II

$150M2022
actively investing

First Drop Fund I

$100M2021
fully deployed

Recent Activity

Raised First Drop Fund II ($150M)

2022 · fund records

Raised First Drop Fund I ($100M)

2021 · fund records

Portfolio Companies (4)

Other

MO

Motoreto

Automotive / marketplace / mobility·Seed

Used-car marketplace/platform that connects dealers and buyers

BA

Banbu

Consumer / beauty / sustainability

Sustainable, waterless natural cosmetics brand

RE

Rehand

Healthtech / medtech

Rehabilitation technology company offering hand therapy and physiotherapy solutions

CO

Colibid

Fintech / proptech

Mortgage auction platform that helps homebuyers compare financing options

How to pitch First Drop VC
  • •Raising at Pre-Seed, Seed? You're squarely in their sweet spot.
  • •Lead with your fit in Real Estate, Food / AgTech, Climate / Energy — the sectors they actively back.
  • •cold outreach ok
  • •Address your outreach to a specific partner, such as Orfeo Balboa, Investment Manager.
  • •A warm introduction beats a cold email. Get matched and request an intro.

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