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This article was published on September 5, 2014

    Frontline Ventures announces $50m fund for European startups

    Frontline Ventures announces $50m fund for European startups Image by: AFP/Getty Images
    Paul Sawers
    Story by

    Paul Sawers

    Paul Sawers was a reporter with The Next Web in various roles from May 2011 to November 2014. Follow Paul on Twitter: @psawers or check h Paul Sawers was a reporter with The Next Web in various roles from May 2011 to November 2014. Follow Paul on Twitter: @psawers or check him out on Google+.

    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.

    Feature Image CreditALEXANDER KLEIN/AFP/GettyImages