Frontline Ventures , an early-stage VC firm with offices in Dublin and London, has closed a new €60 million fund — capital it will deploy by investing in B2B software companies at the pre-seed and seed stages. Those investments will range from €200,000 to €3 million, while, despite its Irish roots, Frontline now targets companies right across Europe.
“The pace at which software companies are redefining industries is accelerating,” said Frontline Partner Will Prendergast in a statement. “Our first fund has shown us that some of the world’s most ambitious founders are right here. With this Fund II, Frontline is positioned to be the investment partner of choice for ambitious software entrepreneurs building out from Europe to the U. S.”.
The “Europe to U. S.” quote is in reference to Frontline’s positioning as a VC that invests in European B2B software startups, both at the “application or infrastructure layer,” who have the potential to successfully cross the pond into North America.
