Connect with us

Technology

Frontline Ventures raises $200 million to help B2B companies in Europe and the US enter the Atlantic

Published

on

Europe’s resilience and long-term prospects amid a worldwide investment slowdown likely explain why LPs currently favor transatlantic VC firms. In January, Giant Ventures closed two recent funds totaling $250 million that it can invest in startups on each side of the Atlantic, and today TechCrunch has learned exclusively that Frontline Ventures has also raised $200 million in two funds: Frontline Growth and Frontline Seed.

Frontline has invested in each Europe and North America in the past, and its recent funds will proceed to pursue this strategy by targeting B2B software companies. The recent seed fund will favor European ventures, while the growth fund will give attention to American startups.

The enterprise firm’s logic is that U.S. integrated companies have a much greater likelihood of success once they expand across the Atlantic. “While traditionally an underserved market, Europe generates more than 30% of global revenue for top B2B software companies at IPO,” Brennan O’Donnell, who will lead Frontline Growth with fellow partner Stephen McIntyre, said in an announcement.

Advertisement

“Traditionally undervalued” is a preferred description of the European enterprise landscape, but the situation shouldn’t be as bad as the headlines seem to say for those who stop comparing recent investment trends with the boom times in 2021 and early 2022. Europe experienced, for instance, According to a report by law firm Orrick, enterprise investment has fallen significantly over the past few years, but startups on the continent still raised more capital last 12 months than in 2019. Indeed, Europe was the only major region where investment levels remained above pre-pandemic standards – in this respect, Asia and North America performed poorly.

O’Donnell and his partners at Frontline have been vocal about Europe’s values ​​for a while now, and even affirm it some research own. Frontline essentially wants to be sure that its U.S. companies don’t leave money on the table by not expanding to Europe once they should, and according to O’Donnell it goals to help startups get a foothold by making their expertise available once they’re ready increase.

Development plan

O’Donnell told TechCrunch that Frontline focuses on 4 features when helping portfolio companies expand into one other market: timing, go-to-market strategy, talent, and organizational design and location.

This is in order of importance, and the location of the company needs to be a derivative of the previous three features, O’Donnell said. “Ultimately, location depends on where your customers are and where the talent base needed to effectively support those customers is.”

Advertisement

Frontline has already put this framework into motion over the previous couple of years, supporting portfolio companies akin to HR software company Lattice and compliance platform Vanta to expand into Europe.

“The grate expanded at a time when it wasn’t obvious,” O’Donnell explained. While the company implemented its plan during the pandemic, when people were still not actively getting on planes, there was also a way that the decline in 2020 wouldn’t be sustainable, he said, adding that there have been some tailwinds for HR technology. A number of years later, this decision turned out to be “very successful”.

One of the pitfalls Frontline warns against is “success amnesia”: simply because an organization has had some success in the US doesn’t suggest it can do well in Europe with out a careful strategy.

“With Frontline’s guidance, Vanta has grown as rapidly as we did in our first 18 months in Europe,” said Christina Cacioppo, co-founder and CEO of Vanta. “We have tripled our customer base, quadrupled our team and established Vanta as a market leader globally thanks to Brennan, Stephen and the Frontline team.”

Advertisement

In addition to partners and offices in London, Dublin, Palo Alto and New York, Frontline has also built an executive community across the Europe and Middle East region, making a network that its portfolio companies can leverage. “Over the last few years, we have built a community of 200-250 of the top VPs and GMs in EMEA and host regular events.”

Talking about the company’s current portfolio, O’Donnell said he expects an initial public offering inside the next 18 months. Of course, it can take for much longer for initial bets to reach the exit stage, but Frontline also wants to help them get from one stage to the next.

Speaking about Frontline Seed, O’Donnell noted that the company has “particularly strong experience when it comes to helping companies raise their Series A.” Given that investment in the pre-seed and seed stages has not slowed down as much as in the later stages, avoiding this bottleneck may very well be useful for European start-ups looking to turn into transatlantic scale-ups, and maybe even IPO candidates.

Advertisement

This article was originally published on : techcrunch.com

Technology

Chanel Nicole Scott joins Black Network as a marketing director

Published

on

By

Chanel Nicole Scott


At Black Network (ITBN), she announced that Chanel Nicole Scott will probably be his latest marketing director (CMO). ITBN, which presents the stories created by the diaspora and attending the diaspora, said that Scott’s nomination is a component of the brand’s vision to extend global visibility.

Scott brings over a decade of experience within the production of technology and media. Through its company, Chanel Scott Production House has developed Cheminstry, a multimedia platform that features a television program, books and card games specializing in navigation in relationships and private development.

Scott is the creator of the podcast who premiered at Black Network. She too writer of the book with the identical name, sharing personal anecdotes and advice on relationships. In a press release, the manufacturer expressed his enthusiasm to his latest role in ITBN.

Advertisement

“Being a part of a breakthrough company, such as in Black Network, is more than a professional opportunity – it is a cultural mission. We are moving, who controls the narrative and the way our stories are told. Time to restore power to our hands – and I have the honor to help in conducting this movement,” said the host of Podcast.

The television producer, film creator and founding father of ITBN, James Dubose, said that keenness, work ethics and achievements of Scott make him a helpful advantage for the developing network. Dubose discussed his vision of world expansion Black Network with Black company in 2024

“We want you to come to one place, and it is internationally, it is locally, we are every market that you can think about, the Caribbean and so on to come to come one place and stay” – he said.

The filmmaker also said that he wants to offer a platform for black creations, often neglected within the media of the mainstream to present his content. Established in 2023, ITBN is a free Avod streaming service that incorporates a premium content emphasizing black voices. Network Streams directly On your website, on Smart TV and via the applying, which is obtainable on iOS and Android devices.

Advertisement

(Tagstranslate) SmartApps (T) Chanel Nicole Scott (T) James Dubose (T) within the Black Network (T) stream service

This article was originally published on : www.blackenterprise.com
Continue Reading

Technology

As Musk manages his growing family: WSJ

Published

on

By

Elon Musk says his duty is to “make new people.” Now Investigation of WSJ He suggests that he could start greater than 14 known children, and the sources claim that the actual number will be much higher. The report also describes how Musk keeps these details within the package.

In the middle of all this, based on the report, there may be a longtime Fixer Jared Birchall, which runs the Muska’s family office, but additionally supports the logistics of the developing Muska family, including by developing Hush contracts and serving as a board for moms of some children.

For example, Musk reportedly asked the conservative influence of Ashley St. Clair for signing a restrictive agreement after she gave birth to their son last autumn. Agreement: $ 15 million plus an extra $ 100,000 per 30 days, so long as the kid is 21 in exchange for her silence. She refused; He says that the contract worsens with every treason perceived. (She told the journal that the Muska team sent her only $ 20,000 after they bowed to Musk to comment on his article).

Advertisement

As for Birchall, which can also be CEO Press-IMPLANTU-IMPLANTU VENTURE NEURALK IA partner In AI Venture XAI in Musk, Muska’s private life management can simply be the third full -time job. According to the journal, in a single two -hour conversation with St. Clair, Birchall told her that the transition “legal path” with musk “always, always leads to a worse result for this woman than otherwise.”

This article was originally published on : techcrunch.com
Continue Reading

Technology

Lime scooter and Ebike batteries will be recycled by Redwood Materials

Published

on

By

The joint company Micromobility Lime has reached an agreement on sending batteries utilized in scooters and electronic bikes to Sewoi materials that extract and recycle critical minerals, comparable to lithium, cobalt, nickel and copper.

The agreement announced on Monday makes Redwood Materials the only real battery recycling partner for common scooters and e-bike bikes situated in cities within the United States, Germany and the Netherlands. The contract doesn’t cover every region where lime worksAn inventory covering cities throughout Europe, Asia and Australia.

In Lime up to now he had other recycling partnerships, especially with Sprout through his suppliers. However, for the primary time, the joint company Micromobility had direct relations with battery recycling in North America, which might directly process the fabric for recovery and returns it to the availability chain.

Advertisement

Redwood Materials, The Carson City, Startup from Nevada founded by the previous CFO Tesla JB Straubel, will get better battery materials when they can’t be used. After recovering and recycling, the materials will be re -introduced within the battery production process. This production system of a closed loop-which can reduce the demand for extraction and refining of minerals-is on the Redwood Materials business center.

The effort can also be consistent with its own goals of limestone sustainable development. Lime is geared toward decarbonization of operations by 2030. The company has made progress in reducing the range 1, 2 and 3 of emissions by 59.5% in five years of basic years 2019. Wapno plans to report the outcomes of carbon dioxide emissions 2024 in May.

“This cooperation means significant progress in the establishment of a more round supply chain, helping our batteries not only to recycled responsibly after reaching the end of their lives, but that their materials are returned to the battery supply chain,” said Andrew Savage, vice chairman for balanced development in Lime.

Lime also has partnerships from Gomi in Great Britain and Voltr in France and other European countries to gather these live battery cells for “Second Life” applications, including, amongst others, in the sphere of consumer electronics, comparable to portable speakers and battery packages.

Advertisement

Redwood Materials has contracts with other micromobility corporations, including Lyft, RAD Power Bikes and bicycle batteries and scooters specialized in recycling. Redwood, which collected over $ 2 billion in private funds, announced at first of this month, opened the research and development center in San Francisco.

(Tagstranslat) ebikes

This article was originally published on : techcrunch.com
Continue Reading
Advertisement

OUR NEWSLETTER

Subscribe Us To Receive Our Latest News Directly In Your Inbox!

We don’t spam! Read our privacy policy for more info.

Trending