[Funding alert] Dublin-based Frontline Ventures Secures €182 Million in Funding

These additional funds will drive European B2B software ecosystem firms' transatlantic expansion, supporting innovation in both North America and Europe. With this investment, Frontline is demonstrating its dedication to supporting the expansion of globally ambitious B2B software companies who have the potential to lead their respective categories and go public ultimately. The European startup ecosystem will grow easily with this support.

Founded in order to introduce the American venture capital model to Europe, Frontline Ventures has grown throughout the last ten years to support B2B software startups in gaining access to the transatlantic market.

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Together, the U.S. and Europe represent 70% of worldwide venture capital spending and 70% of global software spending, making them the two most important markets for tech innovation. The company's U.S.-European corridor provides unmatched assistance and vital links, helping both seed and growth-stage businesses as they grow and become global.

Over the previous ten years, the seed fund has invested in over 80 European startups, of which over 70% have advanced to Series A funding and 60% have entered the US market.

Frontline's third European fund, led by partners Will Prendergast, Zoe Chambers, and William McQuillan, will support businesses in the pre-seed and seed phases. Prominent UK seed portfolio firms include Finbourne, Signal AI, Cloudsmith, Workvivo, Pointy, and Qualio; Overwatch was bought by Benchling.

Will Prendergast, Partner at Frontline seed. “The U.S. and Europe account for the lion’s share of global software spend and global venture capital dollars. Frontline Seed’s mission over the past decade has been to help ambitious founders capture this critical transatlantic market and set them on the path to IPO, This has led us to become an integral partner for the highest-potential B2B software businesses in Europe, who we support through our network on everything from fundraising to their U.S. go to market. Our success is demonstrated by the high proportion of our portfolio companies that have graduated to Series A and expanded into the U.S. market – with more yet to come.”

Since its founding five years ago, the Growth Fund has provided support to over a dozen North American businesses seeking to enter the European market. It targets businesses from Series B to Series D, with Brennan O'Donnell and Stephen McIntyre serving as its leaders. Notable names including MosaicML, Lattice, Vanta, Attentive, and Navan are among the growth-stage portfolio firms; the fund hopes to launch its first initial public offering (IPO) in the upcoming year.

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Brennan O’Donnell, Partner at Frontline Growth said, “Though it is a traditionally overlooked market by U.S. entrepreneurs, Europe accounts for over 30% of the global revenues of top performing B2B software companies at IPO, Our goal at Frontline is to bridge the gap between the U.S. and European markets, providing a platform for B2B software companies to become global category leaders.”

About Frontline Ventures

Frontline Ventures, European venture firm which was established in 2012, is committed to building long-term connections throughout the technology industry by providing access to a wealth of resources, knowledge, and tactical alliances in addition to financial support.

In order to ensure long-term international success, Frontline ventures supports funding initiatives and assists founders in developing go-to-market plans. Frontline is a venture capital business based in Europe that supports ambitious B2B startups with global reach across the Atlantic. Throughout Europe, Frontline Seed accelerates the genesis of ideas. A fund called Frontline Growth aims to facilitate quick and easy US-European expansion.