At OpenOcean, we believe in the power of data to create a wiser world. We trust in true science and data used in the right way, which can be much more powerful than just anecdote, gut-feeling, instinct or intuition alone.
Our elevator pitch
OpenOcean is an early-stage venture capital firm investing across Europe with offices in London, Helsinki, and Amsterdam. With an entrepreneurial background from building several category-defining software businesses, we engage with founders to build and scale global companies delivering data solutions for the new economy. OpenOcean typically leads or co-leads Series A funding rounds in Europe.
Our pioneering role in driving the new data economy began when our partners built companies like MySQL, MariaDB, and many more. We are now actively supporting the next early-movers in their journey to accelerate growth globally.
In 2011 OpenOcean launched its first institutional fund with ca. €45m in total commitments. Fund 2011 made 13 investments and is expecting to realize top 5% European venture returns.
In late 2015 OpenOcean started the second institutional fund with ca. €80m in total commitments. Fund 2015 also made 13 investments and the investment period is now closed.
In 2018 an Opportunity Fund was raised with the purpose of making growth round investments in three to four pre-selected growth-stage software companies from Fund 2011. The Opportunity Fund was closed at €23m, and has made four investments.
We have recently launched our new Fund 2020 to support relentless European founders to build solutions for the future where technology and data enable better decision making for consumers and businesses. The first closing of the fund completed in Q3, 2020. Read here what makes OpenOcean unique as a software-focused venture capital fund and what specific benefits can LPs expect to gain by joining Fund 2020.
At OpenOcean, we believe in the power of data to create a better world.
We support relentless founders who are creating easy-to-love data solutions, with data at the core of their technology.
The start-ups we invest in are building the new data economy, where technology enables better decision making for businesses and improves the lives of consumers.