Dublin and London-based venture capital firm Frontline Ventures has raised $200 million for two funds to help business to business software companies who are targeting the transatlantic market.
With the US and Europe making up a significant proportion of both global software spending and global venture capital money, Frontline says its corridor between US and Europe can provide a vital resource for seed and growth-stage companies hoping to grow internationally. The seed fund, which is led by Mr Prendergast, Zoe Chambers and William McQuillan, has invested in more than 80 European start-ups in the past 10 years, with portfolio companies that include Signal AI, Finbourne and Insify. Workvivo, Pointy, Qualio and Brightflag have also been backed by the fund in the past.