About Frontline Ventures
Frontline Ventures is a venture capital firm founded in 2012. It is primarily based out of Dublin, Ireland. As of Apr 2026, Frontline Ventures is an active investor, having invested in 131 companies, with 10 new investments in the last 12 months. It primarily invests in Seed round in Ireland based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and FinTech. Most recently it participated in the $***** Seed round of Realm Overall, Frontline Ventures portfolio has seen 6 unicorns, 1 IPO and 30 acquisitions including key companies like Navan, Greenhouse and Clearco. A lot of funds co-invest with Frontline Ventures, with names like Enterprise Ireland sharing a substantial percentage of its portfolio. Frontline Ventures has team of 19 people including 9 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 6 more
Portfolio IPOs
Portfolio Acquisitions
Frontline Ventures' List of Top Investments
Frontline Ventures has a portfolio of 131 companies, including 6 unicorns. Their most notable investments are in Hometree and Roomex.Their portfolio spans across United States, Ireland, United Kingdom and 15 more locations. They have invested in Enterprise Applications, High Tech, FinTech and 26 other sectors, across stages such as Seed, Series A and 6 more. Here is the list of top investments by Frontline Ventures:
1. Navan
Provider of a platform for business travel and expense management. The platform offers tools for booking trips, managing expenses, and processing payments. It provides features such as travel program management, analytics, and support services. The platform also allows for expense tracking, corporate card integration, and security measures.
Key facts about Navan
- Founded Year: 2015
- Location: Palo Alto (United States)
- Stage: Public
- Total Funding till date: $1.58B
- Employee Count: 3,409 as on Apr 30, 2026
- Investors: Comerica, Akkadian Ventures and 22 Others
- Latest Funding Round: Series G, Oct 13, 2025, $*****
- Highlight: Public
2. Lunchbox
Provider of online ordering solutions for restaurants. It provides its solutions in the form of app ordering, kiosk ordering, web ordering, digital menu ordering, and more. Its features include loyalty programs, menu management, order management, and more. It also offers marketing solutions like drip marketing, pushes notification, print marketing, up-selling, and more.
Key facts about Lunchbox
- Founded Year: 2019
- Location: New York City (United States)
- Stage: Series B
- Total Funding till date: $72.1M
- Employee Count: 201 - 500 as on Jul 16, 2025
- Investors: Gala Capital Partners, Evolution VC Partners and 17 Others
- Latest Funding Round: Series B, Mar 10, 2025, $*****
- Highlight: Editors' Pick
3. Greenhouse
Provider of a platform for applicant tracking and talent acquisition. The platform offers tools for sourcing, candidate experience, and scalable workflows. It facilitates interviewing, decision-making, talent matching, and onboarding. The platform also provides reporting, insights, and integrations for businesses to streamline hiring processes.
Key facts about Greenhouse
- Founded Year: 2012
- Location: New York City (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $110M
- Employee Count: 918 as on Apr 30, 2026
- Investors: Riverwood Capital, Frontline Ventures and 20 Others
- Latest Funding Round: Series D, Jan 16, 2024, $*****
- Highlight: Acquired
4. Clearco
Revenue-based financing solution. It provides loans to businesses in return for a part or percentage of revenue generated by the business. It provides loans to eCommerce, SaaS, and more.
Key facts about Clearco
- Founded Year: 2015
- Location: Toronto (Canada)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $775M
- Employee Count: 152 as on Apr 30, 2026
- Investors: Founders Circle Capital, Inovia Capital and 28 Others
- Latest Funding Round: Series D, Oct 04, 2023, $*****
- Highlight: Editors' Pick
5. Verve
Provides a privacy first omni channel advertising platform. The platform allows users to capture real time customer location. It allows users to find customers shopping patterns and interests and categorize customers. It enables users to create a microsite and engage the audience by sending personalized ads. It allows users to measure and analyze campaign performance.
Key facts about Verve
- Founded Year: 2005
- Location: New York City (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $263M
- Employee Count: 514 as on Mar 31, 2026
- Investors: Elderstreet Investments, De Anda Capital and 19 Others
- Latest Funding Round: Series E, Apr 21, 2022, $*****
- Highlight: Acquired
Frontline Ventures' Year-on-Year Investment Trends
Frontline Ventures has invested in 131 companies over the last 16 years, with an average of 8 new investments annually in the last 10 years. In 2025, it made 12 investments, while as of Apr 2026, it has made 6 investments in this year. Its most recent first time investment was in Realm and most recent follow-on round was in Seapoint.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 4 | 2 | 6 |
2025 | 9 | 3 | 12 |
2024 | 5 | 1 | 6 |
2023 | 3 | 4 | 7 |
2022 | 8 | 6 | 14 |
2021 | 17 | 6 | 23 |
2020 | 7 | 5 | 12 |
2019 | 7 | 4 | 11 |
2018 | 7 | 7 | 14 |
2017 | 10 | 4 | 14 |
Frontline Ventures' Investments by Stage
Frontline Ventures has made 62 investments in Seed stage with an average round size of $2.83M, 21 investments in Series A stage with an average round size of $11.2M and 5 investments in Series C stage with an average round size of $51.4M.Stage of entry | No. of Investments |
|---|---|
Seed | 62 |
Series A | 21 |
Series C | 5 |
Series B | 4 |
Series E | 2 |
Others | 3 |
Note: We have considered here, only first round of investments
Frontline Ventures' Investments by Sector
Frontline Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Vertical SaaS, FinTech, High Tech and Enterprise Infrastructure. Notably, it has invested in 121 Tech companies, 109 Enterprise (B2B) companies, 100 Software companies and at least 62 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 75 |
Vertical SaaS | 22 |
FinTech | 21 |
High Tech | 18 |
Enterprise Infrastructure | 16 |
Others | 87 |
Note: We have considered here, only first round of investments
Frontline Ventures' Investments by Geography
Frontline Ventures has made most investments in Ireland (27), followed by United States where it has made 24 investments.Country | No. of Investments |
|---|---|
Ireland | 27 |
United States | 24 |
United Kingdom | 22 |
Germany | 6 |
Denmark | 3 |
Others | 14 |
Note: We have considered here, only first round of investments
Frontline Ventures' recent investments
Frontline Ventures has made 6 investments in 2026 so far. Realm and Seapoint are the latest among them.Here are the most recent investments by Frontline Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 22, 2026 | Finland | Seed | 6379 | [+1] | |
Apr 21, 2026 | Ireland | Seed | 1309 | [+4] | |
Mar 04, 2026 | Norway | Series B | 1220 | [+2] | |
Feb 17, 2026 | United States | Seed | 3231 | [+1] | |
Feb 12, 2026 | United Kingdom | Seed | 5309 | [+3] |
Unicorns in Frontline Ventures' Portfolio
Frontline Ventures has 6 unicorns in its portfolio - LangChain, Vanta, People.ai and others. The most recent unicorn in their portfolio is LangChain. It became a unicorn in 2025.Here is a list of unicorns in Frontline Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
70 | Developer of tools for building, testing, and deploying AI agent applications | 2022 | San Francisco | Series B | xzumjim | ||
74 | Provider of a platform for automating security and compliance programs | 2018 | San Francisco | Series D | hvyqklm | ||
66 | Developer of an AI revenue platform for sales team enablement | 2016 | San Francisco | Series D | {hq{mtf | ||
69 | AI based conversational marketing solutions for ecommerce businesses | 2016 | New York | Series E | baoczfc | ||
77 | Revenue-based financing solution | 2015 | Toronto | Series D | sejq{sx |
IPOs and Publicly Listed companies in Frontline Ventures' Portfolio
1 of Frontline Ventures' portfolio company became public - Navan. It got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Oct 2025 at marketcap of $5.82BHere are Frontline Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 30, 2025 | - | - | 2347 |
Acquired companies in Frontline Ventures' Portfolio
30 companies from Frontline Ventures' portfolio have been acquired. The most recent acquisition was Forethought AI in Mar 2026 by Zendesk for $*****.Here are Frontline Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 11, 2026 | Dec 15, 2021 | Series C | 7474 | |
Jan 15, 2026 | May 02, 2024 | Series C | 4812 | |
Jan 12, 2026 | 2018 | Seed | 3100 | |
Oct 28, 2025 | Oct 22, 2019 | Series A | 1422 | |
Oct 01, 2025 | Jul 07, 2021 | Series A | 2500 |
Team profile of Frontline Ventures
Frontline Ventures has a team of 19 members including 9 Partners, 2 Venture Partners and 7 Principals located in Ireland, United Kingdom and 2 more locations. Frontline Ventures' team sits on the board of 3 companies.Here is a list of top team members in Frontline Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Ireland | |||
Partner | Dublin | - | ||
Partner | - | Countingup and Koyo | - | |
Partner | Ireland | - | ||
Partner | - | |||
Partner | Palo Alto | - | ||
Partner | Lithuania | - | - | |
Partner | Acton | - | ||
Partner | Oxford | - | - | |
Venture Partner | United Kingdom | - | - | |
Venture Partner | Ireland | - | - |
Co-investors of Frontline Ventures
Over the past 16 years, 762 investors have co-invested in Frontline Ventures's portfolio companies. This includes funds and angels.
- Invested before Frontline Ventures: Enterprise Ireland, Y Combinator and 200 others have invested in rounds before Frontline Ventures. There are 6 companies where Enterprise Ireland has invested before Frontline Ventures and 5 companies where Y Combinator has invested before Frontline Ventures.
- Top Co-investors of Frontline Ventures: 300 investors entered a company along with Frontline Ventures. These include investors like Enterprise Ireland (8 companies).
- Invested after Frontline Ventures: A total of 260 investors have invested in Frontline Ventures's portfolio after their investments. Top Investors include SVB (4 companies), FJ Labs (3 companies) and Molten Ventures (3 companies).
Recent News related to Frontline Ventures
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$4.5M seed for Realm to advance AI in enterprise salesTech.eu•Apr 22, 2026•Realm, HubSpot, Frontline Ventures
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Unleash Raises $35M Led by One Peak to Help Enterprises Ship AI-driven Software Faster, Safer, and SmarterBusiness Wire•Mar 04, 2026•One Peak, Unleash, Spark Capital, Firstminute Capital and 2 others
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Toyo AI Raises $4.3M Seed Round for 'OpenClaw for Founders'Silicon Republic•Feb 17, 2026•Toyo Engineering Corporation, Tiny, Inovia Capital, Frontline Ventures and 1 other
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Stanhope AI, co-founded by Irish woman Rosalyn Moran, raises $8mSilicon Republic•Feb 12, 2026•Stanhope AI, Auxxo, MMC Ventures, Paladin Capital and 2 others
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Human brain-based AI startup raises £6mUKTN•Feb 12, 2026•Stanhope AI, Auxxo, Paladin Capital, Frontline Ventures
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Tucuvi raises $20M in Series A led by Cathay Innovation and Kfund for its AI care management platformEl Referente•Jan 08, 2026•K Fund, Tucuvi, Cathay Innovation, Seaya and 6 others
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AirOps Raises $40M to Redefine How Brands Compete in the Era of AI SearchBusiness Wire•Nov 10, 2025•Air Ops, Unusual Ventures, Xfund, Wing Venture Capital and 2 others
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Avallon Raises $4.6M in Seed FundingFinSMEs•Nov 06, 2025•Avallon, Booom, 1984 Ventures, Y Combinator and 13 others
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Novoflow, founded by a college dropout, raises $3.1 million in funding for its medical AI.Wowtale•Nov 04, 2025•Novoflow, Y Combinator, Saras Capital, Cellbyte and 3 others
