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Frontline Ventures raises $200M targeting B2B startups straddling the Atlantic
The sum will be split roughly evenly between two funds, Frontline Growth and Frontline Seed. The seed fund will favor European ventures, while the growth fund is focused on American ones.
“Though it is a traditionally undervalued market, Europe accounts for over 30% of global revenues of top-performing B2B software companies at IPO,” Brennan O’Donnell, who will co-lead Frontline Growth with fellow partner Stephen McIntyre, said in a statement. “Traditionally undervalued” is a popular descriptor for Europe’s venture landscape, but things aren’t as bad as the headlines seem to state once you stop comparing recent investment trends to the boom times of 2021 and early 2022. Besides its partners and offices in London, Dublin, Palo Alto and New York City, Frontline has also built a community of executives in the Europe and Middle East region to form a network that its portfolio companies can tap.
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