Frog Capital, a London-based investment firm specialising in the cleantech, telecommunications and information technology sectors, has announced its new identity, an increase in funds u
Frog Capital, a London-based investment firm specialising in the cleantech, telecommunications and information technology sectors, has announced its new identity, an increase in funds under management and the appointment of a new managing partner.
Founded and backed by a family office representing the Engelhorn family, Frog was formerly known as Foursome Investments. The firm’s portfolio includes six cleantech companies, all in rapidly developing sectors. One of these has been exited through a sale to Severn-Trent.
According to the firm, while many other funds are nursing wounded investments or getting out of the market completely, Frog Capital is expanding because being backed by a family office enables it to think long-term and counter-cyclically.
Frog Capital has increased its funds available for investment from EUR60m to EUR100m. Cleantech remains a core activity, but it is also looking at opportunities in the IT and digital media market. The firm is leading or working in partnership on deals from between EUR2m to EUR20m with growth stage companies in both these sectors.
Meanwhile, Mike Reid (pictured) has joined as managing partner from 3i’s growth capital team.
Reid says: ‘Be hungry to invest when others are fearful, we’re told. At Frog Capital, we’re doing exactly that. The funds are being raised to EUR100m, we’re hiring some great new people and we’re optimistic about the future. We have a strong backer in the family that has financed us, with a long-term vision that we all share.’
