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Yellow

We invest across Europe. Leveraging our strong network across Southern Europe, we help founders unlock this huge and unavoidable economic zone, often underserved by other investors

Paris, France

Description

Yellow is a pre-seed venture capital firm that operates across Europe — including France (often associated with Paris), Spain, Italy, and Portugal — focused on backing ambitious early-stage founders with capital, strategic guidance, and network support. It was launched by experienced startup builders and investors, including founders from Glovo and ex-Atomico personnel, aiming to fill a historically underserved pre-seed funding gap in Southern Europe. 
Pre-Seed (Core Focus)

  • Yellow specializes in pre-seed investments — the earliest institutional capital stage — to help founders move from prototype/first customers toward scalable business and later fundraising. 

  • The firm’s mission is to support bold, disruptive ideas across both B2B and B2C sectors without requiring founders to already have strong traction data. 

Investment / Funding Model
Check Size / Investment Range

  • Yellow typically writes tickets in the €200K–€500K range into pre-seed rounds, partnering with other investors rather than acting as sole lead. 

  • Its initial fund (reported at ~€30M) was raised quickly and deployed in stealth investments to support early founders across Europe. 

Equity Taken

  • Like most venture capital firms, Yellow negotiates equity on a per-deal basis as part of these pre-seed financings. There’s no publicly disclosed fixed percentage that Yellow takes across all investments — ownership stakes are determined as part of each term sheet with founders and co-investors. 

Equity / Ownership Structure
  • Equity Taken: Yes — Yellow invests capital in startups and takes equity in return.

  • Ownership Percentage: Not publicly set; negotiated per company based on valuation, round size, and co-investor dynamics. 

  • Instrument Types: Generally priced equity rounds or standard venture capital instruments at the pre-seed stage.

Application / Submission Method
How to Engage

  • Yellow does not run a standard accelerator application portal like a cohort accelerator.

  • Founders typically connect via warm introductions, network referrals, or direct outreach based on relevance, traction, and alignment with Yellow’s investment thesis.

  • Pitching is usually done through deal flow channels, founder introductions, or VC events in the European ecosystem.

Eligibility

Sector & Stage

  • Sector: Broad technology and digital ventures, including software/SaaS, marketplaces, AI/ML, consumer tech, health tech, and more — any scalable idea with ambitious potential. 

  • Stage: Pre-seed early stage companies with product direction and plan to refine go-to-market or accelerate growth. 

Geography

  • Europe-wide, with emphasis on Southern Europe and cross-border founders — including France (Paris and beyond), Spain, Portugal, Italy, and broader EU territories. 

Team Profile

  • Founders who show vision, early execution capability, and the potential for ambitious global scaling.

What an Applicant can Obtain

Capital & Funding

  • Pre-Seed Capital: €200K–€500K typically contributed per deal to build runway and catalyze initial growth. 

Strategic Support

  • Network Access: Founded by experienced operators and backed by founders of high-growth startups (e.g., Glovo), Yellow provides strategic mentorship and ecosystem introductions. 

  • Partner Support: Connections to co-investors, follow-on funding sources, and European tech networks.

Founder-Friendly Approach

  • Yellow positions itself as a “first believer” — investing early when convictions are strong but outside traditional demand signals like extensive traction or data.