About Glass Frog Ventures
Glass Frog Ventures is a venture capital firm founded in 2021. It is primarily based out of Rotterdam, Netherlands. As of Sep 2023, Glass Frog Ventures has invested in 15 companies. It primarily invests in Seed round in Netherlands based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Life Sciences and HealthTech. Most recently it participated in the $***** Seed round of Recrubo Overall, Glass Frog Ventures portfolio has seen 1 IPO and 2 acquisitions, namely Spectral Utility, Recrubo and Supersola. A lot of funds co-invest with Glass Frog Ventures, with names like BOM sharing a substantial percentage of its portfolio. Glass Frog Ventures has team of 4 people.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed
Portfolio IPOs
Glass Frog Ventures' List of Top Investments
Glass Frog Ventures has a portfolio of 15 companies. Their most notable investmentis in RecruboTheir portfolio spans across Netherlands and Portugal. They have invested in Enterprise Applications, Life Sciences, HealthTech and 14 other sectors, across stages such as Seed stage. Here is the list of top investments by Glass Frog Ventures:Developer of software platforms for energy asset and building management. These platforms provide monitoring, control, and market access for renewable energy assets including solar, wind, and battery systems. The software also utilizes artificial intelligence to optimize heating, ventilation, and air conditioning systems within commercial buildings to reduce energy consumption and ensure regulatory compliance.
Key facts about Spectral Utility
- Founded Year: 2015
- Location: Amsterdam (Netherlands)
- Stage: Public
- Employee Count: 62 as on Sep 30, 2026
- Investors: Glass Frog Ventures, Europa and 1 Other
- Latest Funding Round: Series A, Nov 02, 2023, $*****
- Highlight: Public
2. Wonderflow
AI-based customer feedback analytics platform in the cloud. It collects and analyzes public data sources, such as ratings and reviews on e-commerce websites, and Youtube comments; integrate data from user service, experience, and sales applications (such as Salesforce, Bazaarvoice, Zendesk, Qualtrics, Sprinklr, and others), and collect and analyze public feedback about competitors for market research and competitor analysis. Monetizes through subscription-based pricing plans.
Key facts about Wonderflow
- Founded Year: 2014
- Location: Amsterdam (Netherlands)
- Stage: Series A
- Total Funding till date: $25M
- Employee Count: 79 as on Aug 31, 2026
- Investors: Rockstart, P101 and 5 Others
- Latest Funding Round: Series A, Jun 29, 2021, $*****
- Highlight: Editors' Pick
Developer of therapeutic vaccines for cancer and infectious diseases. The drug pipeline includes ISA101 which consists of13 synthetic long peptides derived from the E6 and E7 oncogenic proteins of the HPV 16 virus for the treatment of human papillomavirus type 16 induced diseases, including cervical cancer, most anogenital premalignant and malignant lesions, and head and neck cancer, and others.
Key facts about ISA Pharmaceuticals
- Founded Year: 2004
- Location: Leiden (Netherlands)
- Stage: Series B
- Total Funding till date: $40.6M
- Employee Count: 5 as on May 31, 2026
- Investors: European Investment Bank, Regeneron Pharmaceuticals and 6 Others
- Latest Funding Round: Series B, Jul 13, 2021, $*****
- Highlight: Editors' Pick
4. Jungle
Provider of electrical assets maintenance services for wind turbines and heavy machinery. Its service offerings include detecting failure development, downtime reduction, efficiency maintenance, production optimization, and others. The company claims to use AI-based predictive research and data streams of the assets to develop insights and offers its services.
Key facts about Jungle
- Founded Year: 2016
- Location: Lisbon (Portugal)
- Stage: Series A
- Total Funding till date: $4.96M
- Employee Count: 33 as on Aug 31, 2026
- Investors: Future Energy Ventures, SHIFT Invest and 6 Others
- Latest Funding Round: Series A, Sep 06, 2022, $*****
- Highlight: Editors' Pick
5. Focus
Cloud and AI based patent analytics management software. It provides solutions to create citation analysis and patent analytics with AI as its technological background. It enables users to overview patent maintenance recommendations, out-licensing candidates, and benchmark the portfolios. The features include reporting and analytics, summary generation, invention chatting, patent data forecasting and more.
Key facts about Focus
- Founded Year: 2019
- Location: Rotterdam (Netherlands)
- Stage: Seed
- Total Funding till date: $1.06M
- Employee Count: 35 as on Aug 31, 2026
- Investors: InnovationQuarter, Glass Frog Ventures and 4 Others
- Latest Funding Round: Seed, Oct 19, 2023, $*****
Glass Frog Ventures' Year-on-Year Investment Trends
Its most recent first time investment was in Recrubo.Glass Frog Ventures' Investments by Stage
Glass Frog Ventures has made 2 investments in Seed stage with an average round size of $639K.Glass Frog Ventures' Investments by Sector
Glass Frog Ventures has a diverse portfolio, with companies operating in the High Tech, Enterprise Applications, HealthTech, Internet of Things - Industry Applications and Life Sciences. Notably, it has invested in 12 Tech companies, 10 Enterprise (B2B) companies, 8 Software companies and at least 6 companies focusing on Saas.Sector | No. of Investments |
|---|---|
High Tech | 2 |
Enterprise Applications | 1 |
HealthTech | 1 |
Internet of Things - Industry Applications | 1 |
Life Sciences | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
Glass Frog Ventures' Investments by Geography
Glass Frog Ventures has made most investments in Netherlands (2).Glass Frog Ventures' recent investments
Glass Frog Ventures has not made any investment in 2026 so far.Here are the most recent investments by Glass Frog Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 18, 2023 | Netherlands | Seed | 3480 | ||
May 22, 2023 | Netherlands | Seed | 2583 |
IPOs and Publicly Listed companies in Glass Frog Ventures' Portfolio
1 of Glass Frog Ventures' portfolio company became public - Spectral Utility.Here are Glass Frog Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
- | - | - | 4699 |
Acquired companies in Glass Frog Ventures' Portfolio
2 companies from Glass Frog Ventures' portfolio have been acquired. The most recent acquisition was Recrubo in Mar 2025 by Carv for $*****.Here are Glass Frog Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 12, 2025 | Sep 18, 2023 | Seed | 8247 | |
Feb 19, 2025 | - | - | 2175 |
Team profile of Glass Frog Ventures
Glass Frog Ventures has a team of 4 members including 4 Principals located in Netherlands. Glass Frog Ventures' team does not sit on the board of any company as of now.Here is a list of all team members in Glass Frog Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Principal | The Hague | - | ||
Principal | Netherlands | - | ||
Principal | Pijnacker | - | ||
Principal | Amsterdam | - | - |
Co-investors of Glass Frog Ventures
Over the past 3 years, 2 investors have co-invested in Glass Frog Ventures's portfolio companies. This includes funds and angels.
- Top Co-investors of Glass Frog Ventures: 2 investors entered a company along with Glass Frog Ventures. These include investors like BOM (1 company).
Recent News related to Glass Frog Ventures
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Dutch-based Recrubo raises €600K for its platform to make job applications easy using WhatsAppSilicon Canals•Sep 18, 2023•Glass Frog Ventures, BOM, Recrubo, Brabantisbright
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Dutch-based Sensible Healthcare Systems raises funding to develop its continuous biosensor platformSilicon Canals•May 22, 2023•Sensible, Graduate Ventures, Glass Frog Ventures
