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Growth Equity

LeapFrog Investments

LeapFrog Investments takes minority stakes in growing companies, usually without full control, from United Kingdom. It states a focus on software & internet, healthcare & life sciences and financial services.

Capital raised$17macross 1 SEC-filed vehicle
Most recent fund2016
HeadquartersUnited Kingdom
Largest single fund$17m

Stated investment criteria

What LeapFrog Investments says it buys

Read from LeapFrog Investments’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

People listed on its team page771

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. LeapFrog Investments states that it takes minority stakes rather than control. The team figure counts the people the firm shows on one team page, so it is a floor rather than a headcount: firms that split their team across tabs or load it in pages will read low. Nothing here is a commitment by LeapFrog Investments to consider any particular business, and nothing on this page is represented as being for sale.

SEC filings

What LeapFrog Investments has raised

From this firm's own Form D filings. A fund files one within fifteen days of its first sale, under penalty of perjury, which makes these the hardest numbers on the page.

Vehicles filed1
Total capital raised$17m
Largest single vehicle$17m
Filing history2016
Smallest accepted commitmentNone stated
Filed fromMAURITIUS

Form D covers US-domiciled vehicles raised from accredited investors. It will not capture a fund raised outside the United States, separately managed accounts, or capital deployed off balance sheet, so treat these as a floor rather than a total.

Regulatory record

How LeapFrog Investments is registered

Registered with the SEC as an investment adviser, and incorporated in the United Kingdom.

Adviser statusExempt reporting adviser
Regulatory assets under managementNot reported by an ERA
Private funds advised8 · $2.6bn gross
SEC adviser numberCRD 169188
Companies House number12242953
Incorporated2019-10-03
Register statusActive
Officers on the register1

An exempt reporting adviser is not required to report regulatory assets under management, so the blank above means the question was not asked rather than that the answer is unknown. Where a figure exists it is the gross asset value of the private funds the firm advises, which is a different and usually larger measure.

Portfolio

Disclosed holdings

Companies LeapFrog Investments lists on its own website. No investment years are published.

CompanyInvestedYears heldRecorded transaction
Electronica Finance
Indiatimes
gov.in
orfonline.org

Compiled from LeapFrog Investments’s published portfolio page. Where a recorded transaction is shown, that company was the target of a reported deal and has most likely already been realised. Nothing here is represented as being for sale.

Recorded transactions

Buying and selling

Deals in which LeapFrog Investments is named as buyer or seller in the transaction archive. 2 recorded acquisitions.

CompanySideCounterpartyYearConsideration
Goodlife PharmacyBoughtCatalyst Principal Partners2016$22m
Resolution InsuranceBought2014$19m

Compiled from a transaction archive of 10,204 recorded deals. Most private transactions are never disclosed, so this is a sample of a firm’s activity rather than a complete record of it.

Valuation context

Transaction values in Software & Internet

What companies have actually sold for in software & internet, across 2,672 recorded transactions.

Median consideration$80m
Middle 50%$20m-$250m
Revenue multiple2.2×
EBITDA multiple10.9×

The full software & internet picture - most active acquirers, recent transactions and every investor in the sector.

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Comparable investors

Similar mandates

Other growth equity investors active in software & internet.