Venture capital firm, Frontline Ventures, is to invest up to $5 million in business to business firms expanding into Europe from the US.
Its new FrontlineX fund will lead investors in Series B, C or D funding rounds.
Frontline Ventures has been actively investing across Europe for eight years.
The company was an early investor in Pointy, which was bought by Google last month.
The new fund brings to $200m the total amount under Frontline's management.
FrontlineX will be led by former Twitter Ireland boss, Stephen McIntyre and Brennan O’Donnell, a San Francisco based partner with 20 years experience of building technology businesses.
"We’ve benchmarked the best of B2B software and seen that, by the time a company goes public, 30% of its revenue should be coming from Europe," Mr McIntyre said.
"But even the biggest names in tech fail to get there because of avoidable mistakes when they land. We’ve learned about international expansion the hard way as operators."
"The good news is that most of these problems are known and solvable. But there’s no simple playbook, no one-size-fits-all solution. We take a hands-on approach with every company to ensure they make a fast start when they land and expand."