UK - Foursome becomes Frog; increases funds under management

Frog specialises in European growth stage investments and has focused on the cleantech sector since 2003. Following the fund increase the firm will broaden its investment remit to include IT and digital media investments.

Frog's current portfolio consists of six companies. Its latest deal, Ostara, is a Vancouver-based company that specialises in a technology that enables water and sewage companies to recycle phosphorous water without the use of harmful chemicals.

Alongside the upsizing, the firm has appointed Mike Reid from 3i Growth Capital as new managing partner.

Frog is the investment vehicle of the Engelhorn family.

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