MADRID, 15 Nov. (EUROPA PRESS) -

The private capital vehicle First Drop VC was born with a goal of 25 million euros, of which it has already obtained commitments worth seven million, for impact companies in the pre-seed phase, which it will accompany with a face-to-face program during 90 days.

Behind this vehicle are the co-founders of Alma Capital Partners, Alejandro Valero and Manu Nieto. The objective of First Drop VC is "to place in the foreground the profitability that this type of company provides, to provide investors with attractive and profitable tickets with its acceleration program and that this investment is understood as an optimal financial operation", explained the signature on a statement.

The investment is carried out in three phases: the first month establishes the objectives to be achieved during the program, the measurement of the impact and the main objective of sustainable development that the startup solves, and the second, the exit strategy to the market, product, technology and alliances with companies. The third month of investment puts the startups in contact with the main national and international funds.

In this first 'pre-seed' stage, a total of 200,000 euros will be invested in the selected projects, although in some cases it could reach 500,000 euros in the next round.

First Drop VC already has several companies in its portfolio, such as Recovo or the vegan food platform Vegan Food Club.

"With our vehicle, we seek to give our investors a return similar to that of traditional venture capital and demonstrate that money can be made betting on projects that do good for society and the environment. Impact investing should not be confused with philanthropy or think that it is not profitable", Nieto pointed out.