Frontline Ventures is putting $200 million of capital into two investment funds. This aims to spur European and U.S. business growth.
Frontline Ventures’ mission is to help B2B software companies grow globally. Primarily, growth to the U.S. and within Europe are aspired to. The growth should prepare the companies for an IPO. This mission is through the Frontline Seed and Growth funds. Together, the funds will invest a total of $200 million.
Success already proven
Both funds have already made successful investments in recent years. The Seed fund has made more than 80 investments in European start-ups over the past decade. 60 percent of them were then expanded to the U.S. market. One of these companies was Workvivo. The communications platform with a focus on employee engagement was acquired by Zoom in 2023.
Frontline Ventures is trying to bring the American mentality around venture capital to Europe. Often the potential of European B2B software companies is underestimated, notes Brennan O’Donnell, Partner of Frontline Growth: “Although traditionally a market often overlooked by U.S. entrepreneurs, Europe accounts for more than 30% of the global revenue of top-performing B2B software companies at IPO.”
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