Frog Capital focuses on investing growth capital in purpose-led European software scale-ups, typically with revenues between €3m and €30m, across sectors like smart data, digital infrastructure, ed-tech, fintech, and proptech. Their strategy involves providing €5m to €20m in funding along with expert operational support and a "Scale-Up Methodology" to foster long-term commercial success and positive social impact.
60% of their portfolio is in Fintech. Their most common stage is seed (40% of deals). Average disclosed round size is $30.1M (across 5 rounds with reported amounts).
Portfolio
5
Fund Size
$1B
Top Stage
Seed
Last 12 Mo
0
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
5 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Modulr | Series C | $101M | May 2022 |
 Applied XL | Seed | $1.5M | Apr 2021 |
| Modulr | Growth | $23.4M | May 2020 |
 Azimo | Series B | $20M | Jun 2015 |
| EEDITD | Seed | $4.4M | Feb 2014 |
Top Co-Investors
Highland Europe2 shared
Index Ventures1 shared
Greycroft1 shared
MCI1 shared
e.ventures1 shared
General Atlantic1 shared
PayPal Ventures1 shared
Tuesday Capital1 shared
Correlation Ventures1 shared
Last updated: 8 March 2026