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.
50% of their portfolio is in Fintech. Average disclosed round size is $30.2M (across 6 rounds with reported amounts).
Portfolio
6
Fund Size
$1B
Top Stage
Seed
Last 12 Mo
0
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
6 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Modulr | Series C | $101M | May 2022 |
 Applied XL | Seed | $1.5M | Apr 2021 |
 Vulog | Growth | $31M | Jan 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
European Investment Bank1 shared
ETF partners1 shared
Inven1 shared
Bpifrance1 shared
Last updated: 21 April 2026