Where will AI generate venture-scale returns, according to investors
Venture-scale returns in AI will not come from those who simply follow the AI hype bubble, but from founders who use this moment to build systems that actually work.

Venture-scale returns in AI will not come from those who simply follow the AI hype bubble, but from founders who use this moment to build systems that actually work.

Early 2026 is already bringing new major rounds, highlighting growing demand for AI, drone, and defence capabilities.

With a new €25M fund closed, FIRSTPICK is doubling down on early-stage startups. Andra Bagdonaitė told us more about the firm’s plans.
