Frontline Ventures gets €40m in first funding round
New €40m fund raised for software-only investments
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.
“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
Enterprise Ireland, Frontline Ventures, Irealandia, IT jobs Dublin, software jobs