Yellow

Investment decisions sit with the three Co-Founder & General Partners: Oscar Pierre, Sacha Michaud, and Adam Lasri. They are supported by Principal Victor Navarro and Senior Associate Camille Cros. The firm does not disclose an investment committee structure, but its website positions the general partners as the central decision-makers.

Yellow's deal flow runs heavily through its network of 20-plus European scale-up founders and 25 entrepreneurial families behind global multinationals. Because the general partners are also active founders at Glovo, much of the sourcing is relationship-driven, with founders reaching operators who are still in the scaling trenches rather than through a traditional institutional origination channel.

Yellow describes itself as a pre-seed venture capital firm, not a rolling syndicate. It deploys a standard €500,000 pre-seed ticket into each investment. The firm doesn't publicly disclose whether it pools capital into a committed fund vehicle or invests via special-purpose structures, but its recurring ticket size and team structure point toward an institutional fund format.

Yellow has not published a negative investment list, but the firm's stated approach is stage-driven rather than sector-prescriptive. The portfolio is heavy on enterprise software, AI/ML, insurtech, industrial tech, proptech, and energy — sectors where B2B commercial introductions from the Glovo network create genuine advantage. Consumer-social or hardware-heavy deep tech appears absent from its named portfolio companies.

Yellow was founded by Glovo's co-founders Oscar Pierre and Sacha Michaud, alongside Adam Lasri. The general partners continue to run Glovo, a delivery and logistics platform doing roughly €8 billion in topline across 25 countries on three continents. Yellow is a separate legal entity, but the firm's commercial access and operating playbook are built directly on the Glovo leadership team's ongoing experience and relationships.