Frontline cashes out of tech start-up

Frontline cashes out of tech start-up

An Irish venture capital fund backed by Declan Ryan, the son of late Ryanair founder Tony Ryan, has cashed out of a US start-up after leading a multimillion-euro investment in the company two years ago.

Frontline Ventures was the lead investor in a $3 million investment round in, a cloud database storage specialist which was purchased by major US telecommunications player CenturyLink last week.

CenturyLink last week posted revenues of €4.45 billion for the...

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