NCoTech merges with Frontiers Capital to create a major player in the technology venture capital market

NCoTech, a technology venture capital firm has merged with Frontier Capital in an effort to survive the downturn. The firms will use the same office for their team of five, three from Frontier and two from nCoTech, in a bid to save costs. The group will operate under the brand Frontier Capital, with Tim Horlicks and Nigel Spray becoming joint managing partners. The merging entity, which will continue to invest in the European technology market, will manage two funds: Frontier Capital I (previously nCoTec I LP) and Frontier Capital II (previously Wireless Frontiers 1 LP). The combined group will have total funds of E125m of which E100m has already been committed to 17 investments. The merged company will have one of Europe's most experienced advisory boards including senior representatives from Carphone Warehouse, Ericsson, IBM, NEC, Orange and Symbrian. The combined portfolio includes Comprendium, Digital Route, Elata, IT IS, Pervasic, Synad, Wavetrend and WeComm.

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