European VC company Frontline Ventures has announced a €40 million ($50 million USD) fund, which will be run by partners Shay Garvey, Will Prendergast and William McQuillan from Dublin and London.

Frontline Ventures focuses on early-stage software-based startups and typically invests invests between €250,000 and €2 million per deal. It has made eight investments in the past year including Logentries, Boxever, CurrencyFair and Qstream.

It’s been a good year for Europe-focused investment funds, with Google Ventures arriving on the scene with $100 million, while Russia’s Runa Capital unveiled a $200 million fund too.

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