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Frog Capital

Europe, England, United Kingdom, London

Description

Frog Capital is a prominent London-based venture capital firm dedicated to investing in software-enabled scale-up stage technology companies across Europe. Established with a clear focus on growth equity, the firm targets businesses that have already achieved product-market fit and are poised for significant expansion. Their investment sweet spot typically lies within Series B and C funding rounds, providing crucial capital for companies to accelerate their market penetration, expand their teams, and develop new product lines.

The firm distinguishes itself through its hands-on approach, offering more than just capital. Frog Capital employs a proprietary "Scale-up Methodology" designed to provide operational support and strategic guidance to its portfolio companies. This methodology helps founders navigate the complexities of rapid growth, optimize their business models, and build sustainable, market-leading enterprises. Initial investments from Frog Capital typically range from €5 million to €20 million, reflecting their commitment to providing substantial growth capital to their chosen ventures.

Frog Capital has demonstrated consistent growth in its own right, successfully raising multiple funds to support its investment strategy. In 2020, the firm closed its Frog Capital IV fund at €100 million, and more recently, in 2023, they announced the successful close of Frog Capital V at €135 million. These fund sizes underscore their capacity to deploy significant capital into promising European tech scale-ups. Converting their typical initial investment range, this translates to approximately $5.4 million to $21.6 million, based on a 1 EUR to 1.08 USD exchange rate. The firm's long-term vision is to back companies that can achieve global leadership in their respective software sectors, driving both financial returns and technological innovation across the European landscape.

Investor Profile

Frog Capital has backed more than 42 startups, with 0 new investments in the last 12 months alone. The firm has led 24 rounds, about 57% of its total and boasts 13 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series Unknown, Series B, Series C rounds (top funding stages).
  • Majority of deals are located in United Kingdom, Germany, United States.
  • Strong thematic focus on Software, E-Commerce, Real Estate.
  • Typical check size: $5.4M – $21.6M.

Stage Focus

  • Series Unknown (38%)
  • Series B (21%)
  • Series C (17%)
  • Series A (14%)
  • Private Equity (5%)
  • Seed (2%)
  • Series D (2%)

Country Focus

  • United Kingdom (60%)
  • Germany (17%)
  • United States (7%)
  • Canada (7%)
  • France (5%)
  • Spain (2%)
  • Sweden (2%)

Industry Focus

  • Software
  • E-commerce
  • Real Estate
  • Analytics
  • Internet
  • Mobile
  • Financial Services
  • Real Estate Investment
  • Fintech
  • Mobile Payments
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Frog Capital frequently co-invest with?

Piton Capital
Europe, England, United Kingdom, London
Co-Investments: 3
Mutschler Ventures AG
Europe, Zug, Switzerland, Baar
Co-Investments: 2
Blenheim Chalcot
Europe, England, United Kingdom, London
Co-Investments: 3
Target Global
Europe, Berlin, Germany, Berlin
Co-Investments: 2
ePlanet Capital
North America, California, United States, San Jose
Co-Investments: 2
Western Technology Investment
North America, California, United States, Portola Valley
Co-Investments: 2
DN Capital
North America, California, United States, Menlo Park
Co-Investments: 2
West Coast Capital
Europe, Castlereagh, United Kingdom, Dundonald
Co-Investments: 4
Greycroft
North America, New York, United States, New York
Co-Investments: 3
Cavalry Ventures
Europe, Berlin, Germany, Berlin
Co-Investments: 3

Which angels does Frog Capital often collaborate with?

JG
Europe, England, United Kingdom, London
Shared Deals: 1
LI
Europe, England, United Kingdom, London
Shared Deals: 1
TC
Europe, England, United Kingdom, London
Shared Deals: 1
GH
North America, California, United States, Sausalito
Shared Deals: 1
HN
Europe, Baden-Wurttemberg, Germany, Stuttgart
Shared Deals: 1
ME
Europe, England, United Kingdom, London
Shared Deals: 1

What are some of recent deals done by Frog Capital?

Clue Software

Bristol, Bristol, City of, United Kingdom

Clue Software is an investigation and intelligence management software to help law enforcement agencies detect and prevent wrongdoing.

Information ServicesInformation TechnologySoftware
Series UnknownFeb 6, 2024
Amount Raised: $5,041,275
Oxford Medical Simulation

London, England, United Kingdom

Oxford Medical Simulation is delivers virtual reality medical simulation - training healthcare professionals.

E-LearningMedicalTraining
Series AJan 16, 2024
Amount Raised: $12,600,000
McMakler

Berlin, Berlin, Germany

McMakler is the leading hybrid real estate transaction platform in Germany.

Real EstateReal Estate Investment
Series UnknownJun 30, 2023
Amount Raised: $21,832,869
Modulr

London, England, United Kingdom

Embedded payments for every business

Financial ServicesFinTechMobile PaymentsPayments
Series CMay 18, 2022
Amount Raised: $102,458,005
Housfy

Barcelona, Catalonia, Spain

Housfy develops a digital platform designed to sell flats and houses between private individuals.

E-CommerceProperty ManagementReal EstateReal Estate InvestmentSales
Series BMay 11, 2022
Amount Raised: $31,535,826
Genasys Technologies

London, England, United Kingdom

Genasys is a full-stack, cloud-based, modular insurance solution & insurance management system for insurers, MGAs and brokers.

Cloud ComputingInsuranceSoftware
Series UnknownDec 14, 2021
Amount Raised: $16,206,748
Clue Software

Bristol, Bristol, City of, United Kingdom

Clue Software is an investigation and intelligence management software to help law enforcement agencies detect and prevent wrongdoing.

Information ServicesInformation TechnologySoftware
Series UnknownNov 17, 2021
Amount Raised: $6,744,707
Caspar Health

Berlin, Berlin, Germany

Effective, recognized, clinically evaluated digital rehabilitation. For everyone - independent of time and location!

Health CareHome Health CaremHealthRehabilitation
Series BJul 14, 2021
Amount Raised: $10,649,778
Vulog

Nice, Provence-Alpes-Cote d'Azur, France

Vulog builds technology solutions that power the most successful shared mobility businesses in the world.

AutomotiveCar SharingRide SharingSaaSSoftwareSubscription ServiceTransportation
Series CJan 20, 2021
Amount Raised: $31,498,238
Winningtemp

Gothenburg, Vastra Gotaland, Sweden

Winningtemp is a revolutionary employee experience solution designed to create happier and more productive workplaces.

Human ResourcesSocial ImpactSoftware
Series BOct 8, 2020
Amount Raised: $17,767,800