About Us
Investing in Adaptation for a Volatile World
Who we are
First Imagine! is a European venture capital firm investing in scalable technologies that increase resilience, autonomy and productivity. Operating from Cyprus, London and Paris, we focus on founders building deep technological advantages in markets shaped by structural volatility and long-term system transformation.
Our Mission
To back exceptional entrepreneurs building the infrastructure of resilience.
Our Story
From energy transition to adaptation
Ten years of investing through a thesis that kept widening — because the problems did.
Where we started
First Imagine! was established in London in 2016 by a team combining engineering, project development and investment experience, with deep roots in energy markets and industry.
That combination shaped our approach from the outset. We looked at technology not only through an investor’s lens, but also against the practical realities of building companies, developing projects and bringing new technologies into use in the real world.
Our original thesis was straightforward: Industry 4.0, cleantech and the energy transition were beginning to reshape how the world generates, moves and consumes energy. Many of the companies driving that transformation would be built in Europe.
Following Brexit, we established our EU office in Cyprus in 2020. Together, our London and Cyprus offices allow us to cover Europe from northwest to southeast, while staying close to the innovation ecosystems of the Eastern Mediterranean.
Proving it in energy
We began by investing on a deal-by-deal basis, initially within the energy transition.
Our background meant that we approached opportunities from several angles at once: the underlying engineering, the economics of the project or business, the realities of deployment and scale, and ultimately the investment case.
Over time, we built a track record of identifying exceptional founders, sourcing and executing investments, supporting companies as they developed and helping them move towards commercial scale and successful outcomes.
Building on that track record, we established our first fund in 2022, backed by investors who shared our approach.
At the same time, the boundaries of our investment thesis began to expand. The problems we were seeing in energy were increasingly connected to broader industrial and resource challenges. Our portfolio gradually extended into areas such as advanced industrial technologies, recycling and resource efficiency, sustainable production, agriculture and other technologies addressing the resilience of critical systems.
In 2022, Moixa, one of our earliest investments, was acquired, marking our first exit.
Why our thesis changed
As our portfolio developed, the world around it changed even faster.
Climate change was becoming not only a decarbonisation challenge, but also an adaptation and resilience challenge. Extreme weather events were placing mounting pressure on infrastructure and natural systems. Geopolitical shifts were disrupting long-established trade relationships and supply chains. Energy security became a strategic priority alongside emissions reduction. Water, food and industrial capacity were becoming questions of resilience and autonomy.
At the same time, the range of technologies we were seeing, and investing in, continued to broaden. Increasingly, the most compelling opportunities did not fit neatly under a conventional cleantech or decarbonisation label.
They addressed different markets and different problems, but the underlying question was increasingly the same:
How do critical systems continue to function, adapt and improve under increasing stress?
That question took us beyond power generation and towards a broader set of technologies spanning energy, industry, food, water, natural systems and digital infrastructure.
This was not a departure from our original thesis. It was evidence that the thesis itself widened.
We call that broader category AdapTech.
Where we are now
Today, First Imagine! invests in scalable technologies that increase resilience, autonomy and productivity across energy, food, water, industry and digital infrastructure.
Our engineering, project and investment background continues to shape how we work: we look for technologies that solve fundamental problems, can be deployed in the real world and have the potential to scale into substantial businesses.
A widening thesis, year by year
The world is moving from transition towards adaptation. We back the founders building the technologies and foundational systems that make that adaptation possible.
Our Values
Our values are the link between the durable company culture and the business culture of each of the portfolio companies.
Integrity
We’re honest, transparent and respect individualities and approach differences.
Collaboration
Together we are stronger. We deliver more success through mutual support and shared goals.
Make a difference every day
We constantly push ourselves to be our best.
Associations & Memberships
First Imagine! is a Member Firm of the British Private Equity and Venture Capital Association (BVCA), the industry body for the private equity
and venture capital industry in the UK.
First Imagine! is a member of the International Renewable Energy Agency (IRENA) Coalition for Action, a key international network of over 130 leading renewable energy players from around the world united with the common goal of advancing the uptake of renewable energy.
First Imagine! is a member of the Tech Tour Investors Club, the collaborative cross-border Club of venture capital, corporate and governmental investors.
