
Frog Capital
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
Frequently Asked Questions
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