Yellow
Also known as yellow.vc, Yellow Fund I, FCRE, Yellow Venture Capital I, SCR, S.A.
Pre-seed VC launched in 2023 by Glovo founders Oscar Pierre and Sacha Michaud with ex-Atomico investor Adam Lasri; €30M first fund, tickets up to €500K across Europe.
Pre-seed VC founded by Glovo’s founders and Adam Lasri; not to be confused with other firms named Yellow.
- HEADQUARTERS
- Barcelona, Spain
- FOUNDED
- 2023
- AUM
- —
- OUTSIDE CAPITAL
- Yes
- TEAM LISTED
- 5 people
Focus
- STAGES
- Pre-Seed
- ASSET MIX
- Venture capital
- GEOGRAPHY
- EuropeFranceSpainItalyPortugal
Overview
Yellow is a pre-seed venture capital firm launched in November 2023 by Adam Lasri, formerly an investor at Atomico, and Glovo co-founders Oscar Pierre and Sacha Michaud. Its first fund of €30M was fully raised within weeks from Southern European family-business entrepreneurs and European tech founders, including more than 12 unicorn founders. It writes pre-seed tickets of up to €500K, sector-agnostic, for founders across Europe, with a stated aim of helping them expand into France, Spain, Italy and Portugal. Its fund vehicles are managed by Talenta Gestión, SGIIC.
Investment thesis
“Day zero” pre-seed investing where the team matters more than the vertical; support on operations (drawing on the founders’ Glovo experience), cross-European commercial introductions through 20+ scale-up founders and 25+ entrepreneurial families among its backers, and equity storytelling for later rounds.
PORTFOLIO (12)
- Artificial Intelligence
- Artificial Intelligence
- Artificial Intelligence
- Industrial & Manufacturing
- Fintech · since 2025
- Artificial Intelligence
- Industrial & Manufacturing
- Deep Tech
- Software & SaaS
- Fintech
- HealthTech
- Real Estate & PropTech
People
Links
Frequently asked questions
Yellow is a VC fund based in Barcelona, Spain, founded in 2023.
Yes. Yellow invests its own capital in private companies.
Yellow invests at Pre-Seed stage in Artificial Intelligence, Software & SaaS, Industrial & Manufacturing, Fintech and HealthTech.
Yellow's stated ticket size is €200K–€500K.
Key people at Yellow include Adam Lasri (Co-Founder & General Partner), Oscar Pierre (Co-Founder & General Partner), Sacha Michaud (Co-Founder & General Partner) and Victor Navarro (Principal).
Yellow's investments include Wordsmith, Alpic, Davis, Zenline, Afori, Sandra AI, Nativ and April Robotics, among others.
The most recent publicly reported investment by Yellow is Afori (€4M pre-seed (led by General Catalyst)), announced in Oct 2025.
Yellow states that it accepts submissions.
Yes. Yellow manages capital from outside investors.