# Frog Capital

> Frog Capital is a VC fund in London backing Software and E-Commerce. See 42 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: London, United Kingdom
- Total investments: 42
- Last investment: Feb 2024
- Lead investor: 57%
- Fund size: $171M
- Last fund: Nov 2019
- Last updated: Aug 2026
- LinkedIn: http://www.linkedin.com/company/frog-capital-ltd
- X (Twitter): http://twitter.com/frogcapital
- Website: http://www.frogcapital.com

Frog Capital is a scale-up stage investor focused on software enabled businesses in Europe. Frog’s experienced team has invested in over 100 companies, and in the last five years has exited companies with a total transaction value over €1 billion. Frog is a committed long-term partner, investing in ambitious companies with revenue from €3m to €30mand requiring €5m - €20m of growth capital. By applying industry knowledge, a network of relationships and operating expertise, Frog actively supports exceptional company growth and builds significant shareholder value.

## Contacts

5 contacts available for Frog Capital. Shizune tracks 7 team members at Frog Capital. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/frog-capital?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Series B | $6.5M–$32M |
| Series C | $4.5M–$102M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 9 | 21% |
| E-Commerce | 7 | 17% |
| Analytics | 5 | 12% |
| Mobile | 4 | 10% |
| Internet | 4 | 10% |

80 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Funding Round | 10 | 24% |
| Series B | 9 | 21% |
| Series C | 7 | 17% |
| Series A | 6 | 14% |
| Venture - Series Unknown | 4 | 10% |

8 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United Kingdom | 17 | 40% |
| Germany | 4 | 10% |
| Canada | 3 | 7% |
| United States | 3 | 7% |
| Spain | 1 | 2% |

7 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Giovanni Nani | Investor | 3 | https://shizune.co/investors/profile/giovanni-nani |
| James Bagan | Operating Partner | 0 | https://shizune.co/investors/profile/james-bagan |
| Jens Düing | Senior Partner | 9 | https://shizune.co/investors/profile/jens-duing |
| Mike Reid | Founder & Senior Partner | 13 | https://shizune.co/investors/profile/mike-reid |
| Steven Dunne | Senior Partner, CFO and head of portfolio | 0 | https://shizune.co/investors/profile/steven-dunne |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Clue Software | Clue is the leading provider of investigation management systems to UK police and an acknowledged expert in the application. | $5M | Venture - Series Unknown | Feb 06, 2024 |  |
| Oxford Medical Simulation | Oxford Medical Simulation delivers virtual reality medical simulation, training healthcare professionals to provide consistently world-class patient management without risking lives. Medical simulation has become central to medical training and is highly effective. However, it is expensive, low throughput, and not widely accessible. Healthcareworkers therefore struggle to get the training they need to deliver optimal patient care. | $12.6M | Series A | Jan 16, 2024 |  |
| McMakler | McMakler is the leading hybrid real estate agent in Germany. The company combines state-of-the-art marketing technology and central processes at its headquarters in Berlin with a local team of almost 400 permanent real estate agents across Germany in all major regions. With a supported brand awareness of 33%, McMakler is today the best-known realestate agent in Germany and is characterised by its far above-average service quality. | $21.8M | Venture - Series Unknown | Jun 30, 2023 |  |
| Modulr | Modulr is on a mission to unlock the embedded payment opportunity for every business. Through software-driven account and payment creation, Modulr enable incremental revenue, operational efficiencies and way smoother customer experiences. | $102.5M | Series C | May 18, 2022 |  |
| Housfy | Housfy develops a digital platform designed to sell flats and houses between private individuals. The company's digital platform eliminates intermediation in the sale of houses, offering all the necessary tools for sellers and buyers to connect directly online, enabling home buyers and sellers to avoid traditional agencies and save brokeragefees. | $31.5M | Series B | May 11, 2022 |  |
| Genasys | Genasys is a full-stack, cloud-based, modular insurance solution & insurance management system for insurers, MGAs and brokers. | $16.2M | Venture - Series Unknown | Dec 14, 2021 |  |
| Clue Software | Clue is the leading provider of investigation management systems to UK police and an acknowledged expert in the application. | $6.7M | Venture - Series Unknown | Nov 17, 2021 |  |
| Caspar Health | Caspar Health enables people to regain their independence after an illness or accident by making digital rehabilitation broadly accessible. For everyone - independent of time and location!We set new standards for digital rehabilitation. With our digital rehabilitation platform and the healthcare professionals of our Caspar Clinic, we enableeffective and result-oriented rehabilitation independent of time and location. We are a recognized provider of tele-rehabilitation aftercare through the German Pension Fund (DRV). | $10.6M | Series B | Jul 14, 2021 |  |
| Vulog | Vulog builds technology solutions that power successful shared mobility businesses in the world. It provides smart and flexible SaaS mobility solutions including advanced fleet management tools, consumer-facing mobile applications, and connected vehicle technology to launch large-scale fleets in a matter of weeks.Vulog acts as the catalystenabling mobility service providers like WeShare (Volkswagen), Wible (Kia Motors), Free2Move (Groupe PSA), Aimo (Sumitomo Corporation), and Evo (British Columbia Automobile Association) to focus on sustained growth and profitability. Vulog’s global footprint, combined with its AI proficiency, enables it to anticipate end-user demand unlike any other, while optimizing fleet balancing. | $31.5M | Series C | Jan 20, 2021 |  |
| Winningtemp | Winningtemp is a revolutionary technology developed to create prosperous and healthy workplaces. The company of the same name was founded in Sweden in 2014 by Mathias Hansson Fredlund and Pierre Lindmark, combining their comprehensive experience and expertise within IT and human resources respectively. | $16.6M | Series B | Oct 08, 2020 |  |

10 of 42 investments shown.

## Co-investors
- [West Coast Capital](https://shizune.co/investors/profile/west-coast-capital) — VC Fund, 4 deals together
- [Blenheim Chalcot](https://shizune.co/investors/profile/blenheim-chalcot) — VC Fund, 3 deals together
- [NAP](https://shizune.co/investors/profile/cavalry-ventures) — VC Fund, 3 deals together
- [Greycroft](https://shizune.co/investors/profile/greycroft) — VC Fund, 3 deals together
- [Piton Capital](https://shizune.co/investors/profile/piton-capital) — VC Fund, 3 deals together
- [ETF Partners](https://shizune.co/investors/profile/etf-partners) — VC Fund, 2 deals together

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## FAQ

### What does Frog Capital invest in?

Frog Capital invests primarily in Software, E-Commerce and Analytics startups, most often at Funding Round and Series B stage. Most of the 42 investments tracked by Shizune back companies in United Kingdom. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Frog Capital's check size?

Frog Capital typically joins rounds of $6.5M–$32M at Series B and $4.5M–$102M at Series C. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Frog Capital participates in.

### How do I contact Frog Capital?

Public channels for Frog Capital include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Frog Capital?

The team at Frog Capital includes Giovanni Nani (Investor), James Bagan (Operating Partner) and Jens Düing (Senior Partner), among 7 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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