DFF invests in pre-seed and seed-stage companies. We incubate or back companies in the ideation stage opportunistically. We invest across Europe, the UK, and the MENA region and typically lead, but can also co-lead, rounds with tickets starting as early as €250k up to €3m. We are sector agnostic, but founder specific. We look for founders with deep industry experience and some early form of commercial validation. Our thesis spans across many industries, with our sweetspot sitting around recommerce models: businesses that increase the lifetime value of goods through recycling, reuse, repurpose or refurbishment. We also like companies that leverage network effects as an organic growth and defensibility lever, preferably in heavily underdigitized industries.