Frontline Ventures, a leading early-stage venture capital firm with offices in Dublin and London, have announced today the closing of Fund II at €60 million.

The firm invests in B2B software companies at the pre-seed and seed stages with investments ranging from €200,000 to €3 million.

Notable investments in the Frontline portfolio include Qstream (total funds raised $22m), Dublin-based money transfer company, CurrencyFair (total funds raised $25m) and London-based, StreetTeam (raised $10m in October 2016).

Frontline raised its first fund of €50 million in 2013 and to date has invested in 27 software companies across Europe. The firm is led by partners Shay Garvey, Will Prendergast, William McQuillan and Stephen McIntyre.

Investors in Frontline Fund II include Ireland Strategic Investment Fund, Enterprise Ireland, European Investment Fund and a number of pension funds and family offices.

This transaction also benefits from the support of the European Fund for Strategic Investments (EFSI).

For more on this article, please visit: Business World

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