EQT Ventures backs $22.3m round for Frontify

The round also saw participation from existing investors Blossom Capital, Datartis Ventures and Tenderloin Ventures, and business angels Thomas Dübendorfer and Myke Näf.

EQT Ventures is currently deploying EQT Ventures II, which held a final close in November 2019 on €660m. The fund generally focuses on series-A and series-B rounds. The GP recently participated in the €11m series-A round for Berlin-based rental and leasing software platform Home.

Frontify plans to use the fresh capital to support its international expansion, with a focus on the US, according to a statement. It will also invest in further development of its product.

Previous funding
Blossom Capital backed a $8.3m series-A funding round for Frontify in October 2018. Business angels and existing investors Thomas Dübendorfer and Myke Näf also participated.

Company
Founded in 2013, Frontify provides B2B brand management services including digital asset and file management, as well as web and print publishing. It offers pattern and media libraries for its clients. The company is based in St Gallen and also has an office in New York. Its client base includes Facebook, Allianz and Lufthansa, according to its website. Frontify generates revenues of $15.6m, according to Zoominfo.

People
Frontify – Roger Dudler (founder, CEO).
EQT Ventures – Ted Persson (operating partner, investment adviser).

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• Topics
• Expansion
• DACH
• Technology
• Venture
• Germany
• EQT Ventures