Technical and Executive Recruitment Specialists
Connect With Us  

Your career search begins here…

Submit Your CV

Send Me Job Alerts

Frontline Ventures gets €40m in first funding round

New €40m fund raised for software-only investments

Tim Lyons,  Irish Times reported today that Frontline Ventures, a Dublin-headquartered early-stage venture capital fund, has raised €40m to invest in software-only start-ups.

Frontline Ventures is headed by former Delta Partners founding partner Shay Garvey who raised €235m in four rounds and invested in more than 25 early-stage tech companies.

Frontline raised the first €20 million of this fund at the end of 2013. It has already made eight investments along with international partners.

Frontline is run by partners Shay Garvey, formerly of Delta Partners; Will Prendergast, ex-NCB Venture Capital; and Will McQuillan, who previously worked in start-ups and investment banking.

“I am very happy that the fund has attracted a wide range of investors including Irelandia, the An Post Pension Fund, Allied Irish Banks and Enterprise Ireland ”

Mr Shay Garvey, Frontline Ventures

Irelandia is the investment vehicle of Declan Ryan, the aviation entrepreneur and son of Ryanair founder Tony Ryan.

Irelandia invests mostly in low-fares airlines around the world, but it has also invested in life-science companies. It was one of the first investors in Frontline along with Enterprise Ireland.

“The Frontline strategy of investing exclusively in software companies and then syndicating these investments early with international software specialist venture capitalists has proven to be an attractive proposition for both investors and investee companies”

“We are a European fund based out of Dublin. We are moving more into the UK, both to find good start-ups and to support our existing portfolio to expand out of Ireland”

Mr Prendergast, Frontline Ventures

To read the full article see http://www.irishtimes.com/business/sectors/financial-services/frontline-ventures-gets-40m-in-first-funding-round-1.1916869

 

 

Tags : , , , ,

Share:

Submit Your CV

Send in your CV today and we'll do
our best to match the most
suitable positions for you.

Send Me Job Alerts

Stay up to date with the latest jobs
entered onto our system,
emailed to your inbox.

Careerwise Recruitment



Career in Pharma July 16, 2018 Why Choose A Career In Pharma In Ireland?
Zimmer Biomet organise plant to plant charity cycle in aid of BUMBLEance (The Children’s Ambulance service) July 11, 2018 Zimmer Biomet organise plant to plant charity cycle in aid of BUMBLEance (The Children’s Ambulance service)
life science jobs in Ireland July 9, 2018 Tips For Life Science Professionals in Ireland
supply chain management roles June 18, 2018 Searching For A Supply Chain Job: Our Top Tips

Frontline Ventures gets €40m in first funding round

New €40m fund raised for software-only investments

Tim Lyons,  Irish Times reported today that Frontline Ventures, a Dublin-headquartered early-stage venture capital fund, has raised €40m to invest in software-only start-ups.

Frontline Ventures is headed by former Delta Partners founding partner Shay Garvey who raised €235m in four rounds and invested in more than 25 early-stage tech companies.

Frontline raised the first €20 million of this fund at the end of 2013. It has already made eight investments along with international partners.

Frontline is run by partners Shay Garvey, formerly of Delta Partners; Will Prendergast, ex-NCB Venture Capital; and Will McQuillan, who previously worked in start-ups and investment banking.

“I am very happy that the fund has attracted a wide range of investors including Irelandia, the An Post Pension Fund, Allied Irish Banks and Enterprise Ireland ”

Mr Shay Garvey, Frontline Ventures

Irelandia is the investment vehicle of Declan Ryan, the aviation entrepreneur and son of Ryanair founder Tony Ryan.

Irelandia invests mostly in low-fares airlines around the world, but it has also invested in life-science companies. It was one of the first investors in Frontline along with Enterprise Ireland.

“The Frontline strategy of investing exclusively in software companies and then syndicating these investments early with international software specialist venture capitalists has proven to be an attractive proposition for both investors and investee companies”

“We are a European fund based out of Dublin. We are moving more into the UK, both to find good start-ups and to support our existing portfolio to expand out of Ireland”

Mr Prendergast, Frontline Ventures

To read the full article see http://www.irishtimes.com/business/sectors/financial-services/frontline-ventures-gets-40m-in-first-funding-round-1.1916869

 

 

Tags : , , , ,

Share:

Subscribe to Newsletter

By continuing you are consenting to allow CareerWise Recruitment to process and retain your data in accordance with our Privacy Policy for the purposes of receiving our newsletter. If you have any queries wish to withdraw or amend your consent please do not hesitate to contact us data@careerwise.ie.