Frog Capital is a London-based European growth equity firm investing in purpose-driven software scale-ups. It typically invests €5–30 million in companies with revenues of €3–30 million, providing growth capital and operational support through a proprietary Scale-Up Methodology.
Average disclosed round size is $15.1M (across 14 rounds with reported amounts).
Portfolio
18
Fund Size
$165M
Top Stage
Series B
Last 12 Mo
0
Team
Sonia Powar
Chair of the Investment Committee
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
24 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Modulr | Series C | — | May 2022 |
 Housfy | Series B | — | Jan 2022 |
 McMakler | Series C | — | Jan 2022 |
 Applied XL | Seed | $1.5M | Jun 2021 |
| Applied XL | Seed | $1.5M | Apr 2021 |
 Vulog | Growth | $31M | Jan 2021 |
 Genasys | Unknown | $16.2M | Jan 2021 |
 Caspar | Series B | — | Jan 2021 |
 Winningtemp | Series B | — | Oct 2020 |
| Modulr | Growth | $23.4M | May 2020 |
| Winningtemp | Series B | — | Jan 2020 |
| Modulr | Series B | $35M | Jan 2020 |
| Modulr | Growth | $17.8M | May 2019 |
 Rated People | Unknown | — | Sep 2018 |
| CCharlie Finance | Series A | $9M | Jan 2018 |
 Azimo | Series B | $20M | Jun 2015 |
| SSkimlinks | Series C | $16M | Feb 2015 |
| SSkimlinks | Unknown | $16M | Jan 2015 |
 Sofatutor | Unknown | — | Aug 2014 |
| EEDITD | Seed | $4.4M | Feb 2014 |
| DDealflo | Series B | — | — |
| SSellics | Series A | $10M | — |
| SSHE Software | Series B | $9M | — |
 Housfy | Series B | — | — |
Top Co-Investors
Blenheim Chalcot4 shared
PayPal Ventures3 shared
General Atlantic3 shared
General Catalyst3 shared
Highland Europe3 shared
Greycroft3 shared
Correlation Ventures2 shared
Tuesday Capital2 shared
Bonnier Capital2 shared
Almi Invest2 shared
Seaya2 shared
Silicon Valley Bank2 shared
MCI Capital1 shared
Headline1 shared
Team Europe1 shared
Strong Ventures1 shared
Index Ventures1 shared
Bpifrance1 shared
ETF Partners1 shared
Inven Capital1 shared
Last updated: 20 October 2026