Frontline Ventures Closes Second Venture Capital Fund, at €60M

frontlineFrontline Ventures, an early-stage venture capital firm with offices in Dublin and London, closed its second fund, at €60m.

Investors in Frontline Fund II include Ireland Strategic Investment Fund, Enterprise Ireland, European Investment Fund, Allied Irish Banks, and a number of pension funds and family offices.

Led by partners Shay Garvey, Will Prendergast, William McQuillan, and Stephen McIntyre, the firm invests in B2B software companies at the pre-seed and seed stages, with investments ranging from €200k to €3m.

Frontline raised its first fund of €50m in 2013 and to date has invested in 27 software companies across Europe. Exits to date include Logentries, acquired by Boston-based Rapid7 (NASDAQ:RPD), and Orchestrate.io, acquired by CenturyLink (NYSE:CTL).
Notable investments in portfolio include Qstream (total funds raised $22M), Dublin-based money transfer company CurrencyFair (total funds raised $25M), and London-based StreetTeam (raised $10M in October 2016).

FinSMEs

08/02/2017

Join the discussion