Both Firestartr and OpenOcean have as their purpose to seek and support extraordinary entrepreneurs in building disruptive, category-defining businesses and delivering global success. Firestartr’s focus is at the seed stage, OpenOcean’s is at the Series A and B.
Richard Muirhead is joining OpenOcean as a general partner to recruit and lead the new London office’s team. As the co-founder of Firestartr, he serves as Chairman and Managing Partner and will continue to lead the Firestartr team’s activities.
Firestartr and Open Ocean will share their extensive industry networks in the UK and Europe to unlock and execute on investment opportunities in the most disruptive and innovative software companies. Firestartr has nurtured a dynamic community of software entrepreneurs and thought leaders by hosting and sponsoring a series of high profile events, ranging from the quarterly Spark Series evenings to curated dinner salons around issues as diverse as customer-insight and blockchain. OpenOcean in turn brings an extensive network across the Nordics, with a particular focus on open-source communities, alongside experience in investing in and scaling disruptive software companies.
Tom Henriksson, general partner at OpenOcean and responsible for venture community relations, comments, “OpenOcean is a classic early stage venture firm, built in the Silicon Valley mold and with a focus on Series A and B. Firestartr’s mission from day one has been to seek and secure partnerships with the finest entrepreneurs at the pre-seed and seed stage and help propel them to a Series A financing where that is the companies’ chosen path. There is a great fit.”
Axel Wehr, Principal at Firestartr, comments, “We are excited to work more closely and share our knowledge base with OpenOcean. OpenOcean’s first-hand experience starting, scaling and investing in successful software businesses like MySQL and Truecaller is highly relevant and valuable as we pursue our common vision of cultivating the leading pan-European network of expertise around software innovation.”