Frontline closes €60M for Fund II

Here’s to many more years of backing the best B2B software companies in Europe.

The Frontline team at the Dublin office

Today we’re announcing the close of Fund II at €60 million. We are very excited to continue growing our team to back ambitious B2B founders at the pre-seed and seed stages, with investments ranging from €200,000 to €3 million.

Fund I closed at €50 million in 2013 and, to date, has been invested into 27 software companies across Europe. Exits include Logentries, acquired by Boston-based Rapid7 (NASDAQ:RPD), and Orchestrate, acquired by CenturyLink (NYSE:CTL).

Notable investments in the Frontline portfolio include Qstream (total funds raised $22M), CurrencyFair (total funds raised $25M), and Signal (total funds raised $10.5M).

We are excited to continue working with our LPs to invest in and accelerate some of the most exciting B2B companies coming out of Europe.

TechCrunch has more here. Full press release can be found on LinkedIn.

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