TLDR
– Frontline Ventures raises £157m fund for startups looking to expand transatlantic
– The funding is split between the Frontline Seed fund and the Frontline Growth fund
VC firm Frontline Ventures has raised £157m across two investment funds to support B2B software startups aiming for transatlantic expansion. The investor, based in London and Dublin, has secured funding for both the Frontline Seed fund and the Frontline Growth fund. The Frontline Seed fund focuses on pre-Series A companies in Europe, while the Frontline Growth fund backs US companies from Series B to Series D looking to expand into Europe. Frontline Ventures aims to bring the US venture capital mindset to Europe and establish a US-European corridor for transatlantic startup growth.
The Frontline Seed fund has made more than 80 investments in Europe over the past decade, supporting ambitious founders in capturing the transatlantic market. The Frontline Growth fund, launched five years ago, aims to bridge the gap between the US and European markets, providing a platform for B2B software companies to become global leaders. UK-based Frontline portfolio startups include Harriet, an automated HR tool, and Belfast-based supply chain platform Cloudsmith, both of which have successfully raised significant funding in recent months.
