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Frog Capital [2022]

Finance and Risk Capital

Impact for scaleups


UK companies backed


Follow-on investments


Investments outside London


Growth-stage investments

Key sectors

Healthcare Impact ventures / Social Impact Technology & Communications Building & Construction Transport & Logistics Creative, digital, film, games & media Defence & security Engineering / Advanced Engineering Environmental Science & Technology Farming, fisheries & forestry Finance Food & drink

Frog Capital is a scaleup stage investor focused on software-enabled businesses in Europe. It invests in companies in equity rounds of €5m to €20m in European software scaleups across two key themes – digital infrastructure and smart data – with annualised revenues of between €3m – €30m. 

To date, it has invested in over 60 companies around Europe. Notable scaleups in its portfolio include Modulr, Rated People, Evotix and OpenSignal

Frog Capital was endorsed by the ScaleUp Institute in 2021 as an exemplar of a fund that is acting as “a scaleup partner,” tailoring its support to match the unique needs of each business, helping with senior-level recruitment and introducing portfolio CEOs to other investment partners from their network. 

The firm’s website offers dedicated pages with scaleup insights, including thought leadership and toolkits to support and help scaleups on their growth journey. The firm has defined major elements which are essential for any CEO to succeed in the scaleup phase, and they provide expert guidance on execution, planning, strategy and resilience.

Frog Capital [2022] website