HomeIrelandFrontline Ventures Raises $200M For Two Funds

Frontline Ventures Raises $200M For Two Funds

Frontline-Ventures

Frontline Ventures, a London, UK, Dublin, Ireland, and San Francisco, CA-based venture capital firm focusing on B2B software companies, raised $200m across two funds.

Frontline Growth and Frontline Seed will propel the transatlantic expansion of B2B software companies, fostering innovation in both North America and Europe.

Led by partners Will Prendergast, Zoe Chambers and William McQuillan, the Seed fund helps European-headquartered companies scale from pre-seed/Seed to Series A–and expand into the United States. The vehicle has made over 80 investments in European startups over the past decade, of which more than 70% have already graduated to Series A funding and 60% expanded to the U.S. market. Notable Seed portfolio companies include Workvivo, Pointy, and Qualio, as well as Finbourne, Signal AI, Cloudsmith and Overwatch, which was acquired by Benchling, in the UK.

Under the leadership of Brennan O’Donnell and Stephen McIntyre, The Growth fund invests in U.S.-based software companies from Series B to Series D as they aim to expand into Europe. The fund, established five years ago, has backed more than a dozen North American companies with ambitions to expand into the European market. Growth-stage portfolio companies include notable names such as MosaicML, Lattice, Vanta, Attentive and Navan, and the fund is anticipating its first IPO within the next year.

VCWire

21/03/2024